Pathway Financial Advisers LLC Invests $784,000 in Nasdaq, Inc. $NDAQ

Pathway Financial Advisers LLC bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the first quarter, Holdings Channel reports. The institutional investor bought 9,241 shares of the financial services provider’s stock, valued at approximately $784,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. boosted its position in Nasdaq by 7.8% in the fourth quarter. NBC Securities Inc. now owns 1,529 shares of the financial services provider’s stock valued at $149,000 after buying an additional 111 shares in the last quarter. ORG Wealth Partners LLC raised its stake in shares of Nasdaq by 6.9% in the fourth quarter. ORG Wealth Partners LLC now owns 1,746 shares of the financial services provider’s stock valued at $170,000 after acquiring an additional 112 shares during the last quarter. Independent Advisor Alliance raised its stake in shares of Nasdaq by 2.6% in the fourth quarter. Independent Advisor Alliance now owns 4,574 shares of the financial services provider’s stock valued at $444,000 after acquiring an additional 117 shares during the last quarter. Orgel Wealth Management LLC boosted its holdings in shares of Nasdaq by 4.7% in the 4th quarter. Orgel Wealth Management LLC now owns 2,623 shares of the financial services provider’s stock worth $255,000 after acquiring an additional 118 shares in the last quarter. Finally, Frank Rimerman Advisors LLC boosted its holdings in shares of Nasdaq by 1.5% in the 4th quarter. Frank Rimerman Advisors LLC now owns 8,560 shares of the financial services provider’s stock worth $831,000 after acquiring an additional 128 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NDAQ shares. TD Cowen dropped their price target on Nasdaq from $104.00 to $98.00 and set a “buy” rating for the company in a report on Monday, June 22nd. Wall Street Zen raised Nasdaq from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Rothschild & Co Redburn set a $110.00 target price on Nasdaq in a research note on Thursday, June 11th. Keefe, Bruyette & Woods increased their price objective on shares of Nasdaq from $92.00 to $97.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Finally, Loop Capital set a $113.00 price objective on shares of Nasdaq in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $106.79.

Insider Buying and Selling

In related news, insider Cohen Tal sold 15,518 shares of the business’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $90.75, for a total value of $1,408,258.50. Following the completion of the sale, the insider directly owned 215,208 shares in the company, valued at $19,530,126. The trade was a 6.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Adena T. Friedman sold 113,611 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $85.44, for a total value of $9,706,923.84. Following the completion of the transaction, the chief executive officer directly owned 1,965,751 shares in the company, valued at approximately $167,953,765.44. This represents a 5.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 138,162 shares of company stock valued at $11,932,913 in the last ninety days. 0.60% of the stock is currently owned by company insiders.

Nasdaq Price Performance

NASDAQ:NDAQ opened at $76.85 on Tuesday. The company has a market cap of $43.46 billion, a P/E ratio of 23.15, a P/E/G ratio of 1.57 and a beta of 0.97. The firm’s fifty day moving average price is $87.97 and its two-hundred day moving average price is $89.55. Nasdaq, Inc. has a one year low of $76.76 and a one year high of $101.79. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. Nasdaq had a net margin of 23.15% and a return on equity of 17.51%. The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the company posted $0.79 EPS. Nasdaq’s quarterly revenue was up 13.7% compared to the same quarter last year. Equities analysts expect that Nasdaq, Inc. will post 3.87 earnings per share for the current year.

Nasdaq Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, June 12th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.27. This represents a $1.24 annualized dividend and a dividend yield of 1.6%. Nasdaq’s dividend payout ratio (DPR) is currently 37.35%.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.