MGO One Seven LLC Increases Holdings in Nasdaq, Inc. $NDAQ

MGO One Seven LLC increased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 9.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,998 shares of the financial services provider’s stock after buying an additional 341 shares during the quarter. MGO One Seven LLC’s holdings in Nasdaq were worth $358,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC lifted its position in Nasdaq by 72.7% during the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock worth $25,000 after buying an additional 120 shares in the last quarter. First Command Advisory Services Inc. purchased a new position in Nasdaq during the first quarter worth approximately $30,000. AlphaQuest LLC purchased a new position in Nasdaq during the first quarter worth approximately $34,000. Olde Wealth Management LLC purchased a new position in Nasdaq during the first quarter worth approximately $40,000. Finally, Zions Bancorporation National Association UT purchased a new position in Nasdaq during the first quarter worth approximately $45,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Trading Up 0.7%

Shares of NASDAQ NDAQ opened at $88.59 on Friday. Nasdaq, Inc. has a twelve month low of $64.84 and a twelve month high of $97.63. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73. The stock has a fifty day simple moving average of $91.92 and a 200-day simple moving average of $86.39. The stock has a market capitalization of $50.83 billion, a PE ratio of 34.07, a PEG ratio of 1.98 and a beta of 0.98.

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

Nasdaq Dividend Announcement

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

Insiders Place Their Bets

In other Nasdaq news, SVP Michelle Lynn Daly sold 8,691 shares of the company’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $93.45, for a total transaction of $812,173.95. Following the sale, the senior vice president owned 8,879 shares in the company, valued at $829,742.55. This represents a 49.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $201,006.45. Following the sale, the executive vice president owned 92,551 shares in the company, valued at approximately $8,837,694.99. This trade represents a 2.22% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on NDAQ. The Goldman Sachs Group restated a “buy” rating on shares of Nasdaq in a research report on Friday, July 25th. Royal Bank Of Canada restated an “outperform” rating and issued a $108.00 target price on shares of Nasdaq in a research report on Thursday, October 9th. Barclays restated an “overweight” rating and issued a $108.00 target price (down previously from $109.00) on shares of Nasdaq in a research report on Wednesday, October 8th. Raymond James Financial restated an “outperform” rating and issued a $100.00 target price (up previously from $99.00) on shares of Nasdaq in a research report on Monday, October 13th. Finally, Oppenheimer restated an “outperform” rating and issued a $101.00 target price (up previously from $96.00) on shares of Nasdaq in a research report on Tuesday, July 15th. Fifteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $97.50.

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.