Nasdaq, Inc. $NDAQ Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB reduced its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,539 shares of the financial services provider’s stock after selling 136 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Nasdaq were worth $1,479,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC increased its stake in shares of Nasdaq by 142.2% in the first quarter. SG Americas Securities LLC now owns 11,087 shares of the financial services provider’s stock worth $841,000 after buying an additional 6,510 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Nasdaq by 18.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 37,864 shares of the financial services provider’s stock worth $2,872,000 after buying an additional 5,789 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Nasdaq by 84.4% in the first quarter. Exchange Traded Concepts LLC now owns 1,254 shares of the financial services provider’s stock worth $95,000 after buying an additional 574 shares during the last quarter. Mission Wealth Management LP increased its stake in shares of Nasdaq by 3.6% in the first quarter. Mission Wealth Management LP now owns 15,778 shares of the financial services provider’s stock worth $1,197,000 after buying an additional 550 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Nasdaq by 7.7% in the first quarter. Janney Montgomery Scott LLC now owns 43,161 shares of the financial services provider’s stock worth $3,274,000 after buying an additional 3,096 shares during the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Nasdaq from $97.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Barclays restated an “overweight” rating and issued a $108.00 price target (down previously from $109.00) on shares of Nasdaq in a research note on Wednesday, October 8th. Oppenheimer restated an “outperform” rating and issued a $101.00 price target (up previously from $96.00) on shares of Nasdaq in a research note on Tuesday, July 15th. Raymond James Financial restated an “outperform” rating and issued a $100.00 price target (up previously from $99.00) on shares of Nasdaq in a research note on Monday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Nasdaq in a research note on Tuesday. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.50.

Nasdaq Stock Up 0.1%

NDAQ stock opened at $89.62 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96. Nasdaq, Inc. has a 1-year low of $64.84 and a 1-year high of $97.63. The firm has a fifty day moving average price of $92.25 and a two-hundred day moving average price of $86.16. The firm has a market cap of $51.42 billion, a price-to-earnings ratio of 34.47, a PEG ratio of 2.02 and a beta of 0.98.

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

Nasdaq Announces Dividend

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

Insider Activity

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