Gold Investment Management Ltd. Buys 6,033 Shares of Nasdaq, Inc. $NDAQ

Gold Investment Management Ltd. increased its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 19.2% during the second quarter, Holdings Channel reports. The firm owned 37,508 shares of the financial services provider’s stock after acquiring an additional 6,033 shares during the period. Nasdaq makes up approximately 1.3% of Gold Investment Management Ltd.’s investment portfolio, making the stock its 25th biggest position. Gold Investment Management Ltd.’s holdings in Nasdaq were worth $3,339,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NDAQ. Wealth Enhancement Advisory Services LLC grew its position in Nasdaq by 59.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 32,075 shares of the financial services provider’s stock valued at $2,480,000 after acquiring an additional 12,000 shares during the last quarter. NBC Securities Inc. grew its position in Nasdaq by 101,200.0% in the first quarter. NBC Securities Inc. now owns 10,130 shares of the financial services provider’s stock valued at $768,000 after acquiring an additional 10,120 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of Nasdaq during the first quarter valued at about $277,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Nasdaq by 66.6% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 40,269 shares of the financial services provider’s stock valued at $3,055,000 after purchasing an additional 16,099 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its stake in shares of Nasdaq by 11.5% during the first quarter. Gateway Investment Advisers LLC now owns 5,438 shares of the financial services provider’s stock valued at $413,000 after purchasing an additional 562 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Nasdaq Price Performance

Shares of NDAQ opened at $86.91 on Thursday. Nasdaq, Inc. has a 52-week low of $64.84 and a 52-week high of $97.63. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 0.96. The business’s 50 day moving average price is $93.58 and its two-hundred day moving average price is $85.28. The firm has a market cap of $49.87 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.07. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%.The company’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 earnings per share. On average, equities analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $1.08 annualized dividend and a yield of 1.2%. Nasdaq’s payout ratio is currently 41.54%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the business’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $95.49, for a total value of $201,006.45. Following the transaction, the executive vice president owned 92,551 shares of the company’s stock, valued at approximately $8,837,694.99. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michelle Lynn Daly sold 8,691 shares of the business’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $93.45, for a total value of $812,173.95. Following the completion of the transaction, the senior vice president directly owned 8,879 shares in the company, valued at approximately $829,742.55. This represents a 49.46% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Oppenheimer reissued an “outperform” rating and set a $101.00 price target (up from $96.00) on shares of Nasdaq in a research note on Tuesday, July 15th. Raymond James Financial reissued an “outperform” rating and set a $96.00 price target (up from $84.00) on shares of Nasdaq in a research note on Wednesday, July 9th. The Goldman Sachs Group reissued a “buy” rating on shares of Nasdaq in a research note on Friday, July 25th. Deutsche Bank Aktiengesellschaft lifted their price target on Nasdaq from $97.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Finally, UBS Group raised Nasdaq from a “neutral” rating to a “buy” rating and lifted their price target for the company from $95.00 to $115.00 in a research note on Friday, July 25th. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $97.31.

Nasdaq 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.