Stanley Laman Group Ltd. Takes $299,000 Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Stanley Laman Group Ltd. bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,151 shares of the financial services provider’s stock, valued at approximately $299,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NDAQ. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Nasdaq in the 4th quarter worth about $29,000. Loomis Sayles & Co. L P purchased a new position in Nasdaq during the third quarter valued at $26,000. Carmel Capital Partners LLC bought a new position in shares of Nasdaq during the third quarter valued at approximately $32,000. Allworth Financial LP grew its position in Nasdaq by 74.9% during the 4th quarter. Allworth Financial LP now owns 815 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 349 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its position in Nasdaq by 158.5% in the 4th quarter. Lindbrook Capital LLC now owns 902 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 553 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NDAQ shares. Edward Jones began coverage on shares of Nasdaq in a research report on Wednesday, April 3rd. They issued a “buy” rating on the stock. Oppenheimer lifted their target price on Nasdaq from $65.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Rosenblatt Securities cut their price target on Nasdaq from $82.00 to $76.00 and set a “buy” rating for the company in a report on Friday. The Goldman Sachs Group raised Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price objective on the stock in a research note on Tuesday, March 26th. Finally, Keefe, Bruyette & Woods cut their price objective on Nasdaq from $75.00 to $74.00 and set an “outperform” rating for the company in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $66.92.

Nasdaq Price Performance

NDAQ traded down $0.17 during trading on Friday, reaching $60.12. 4,792,085 shares of the company traded hands, compared to its average volume of 3,181,565. The company has a market cap of $34.58 billion, a P/E ratio of 28.49, a PEG ratio of 2.82 and a beta of 0.93. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.01 and a current ratio of 1.01. Nasdaq, Inc. has a 12-month low of $46.88 and a 12-month high of $64.25. The firm has a fifty day simple moving average of $59.93 and a 200 day simple moving average of $56.46.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, April 25th. The financial services provider reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.02). The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The business’s revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 earnings per share. On average, equities analysts forecast that Nasdaq, Inc. will post 2.75 EPS for the current year.

Nasdaq Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.24 dividend. This is an increase from Nasdaq’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Friday, June 14th. Nasdaq’s payout ratio is currently 41.71%.

Insider Activity at Nasdaq

In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of Nasdaq stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the sale, the insider now owns 58,341,545 shares of the company’s stock, valued at approximately $3,383,809,610. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the sale, the insider now directly owns 58,341,545 shares in the company, valued at approximately $3,383,809,610. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bryan Everard Smith sold 7,400 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.91, for a total transaction of $465,534.00. Following the completion of the transaction, the executive vice president now directly owns 61,672 shares of the company’s stock, valued at approximately $3,879,785.52. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

Nasdaq Company Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.