GHP Investment Advisors Inc. Increases Stock Holdings in Nasdaq, Inc. $NDAQ

GHP Investment Advisors Inc. boosted its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 5.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 167,862 shares of the financial services provider’s stock after acquiring an additional 8,719 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Nasdaq were worth $14,847,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC grew its position in shares of Nasdaq by 2.3% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 4,935 shares of the financial services provider’s stock valued at $441,000 after purchasing an additional 110 shares during the period. Leavell Investment Management Inc. boosted its holdings in Nasdaq by 0.4% in the 2nd quarter. Leavell Investment Management Inc. now owns 26,156 shares of the financial services provider’s stock worth $2,339,000 after buying an additional 116 shares during the last quarter. Fielder Capital Group LLC increased its stake in Nasdaq by 3.0% during the 2nd quarter. Fielder Capital Group LLC now owns 4,253 shares of the financial services provider’s stock worth $380,000 after buying an additional 122 shares in the last quarter. Freedom Investment Management Inc. raised its holdings in shares of Nasdaq by 2.3% during the second quarter. Freedom Investment Management Inc. now owns 5,684 shares of the financial services provider’s stock valued at $508,000 after acquiring an additional 128 shares during the last quarter. Finally, Advisors Capital Management LLC lifted its position in shares of Nasdaq by 3.4% in the second quarter. Advisors Capital Management LLC now owns 3,968 shares of the financial services provider’s stock valued at $355,000 after acquiring an additional 129 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Nasdaq

In related news, EVP John Zecca sold 4,500 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $100.01, for a total transaction of $450,045.00. Following the completion of the sale, the executive vice president directly owned 125,674 shares of the company’s stock, valued at approximately $12,568,656.74. This trade represents a 3.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Adena T. Friedman sold 300,000 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $96.39, for a total transaction of $28,917,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,924,903 shares in the company, valued at $185,541,400.17. The trade was a 13.48% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 306,605 shares of company stock worth $29,546,812. 0.70% of the stock is currently owned by company insiders.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $98.05 on Friday. The company’s 50-day moving average is $94.56 and its two-hundred day moving average is $92.31. Nasdaq, Inc. has a 1-year low of $64.84 and a 1-year high of $101.79. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $55.99 billion, a price-to-earnings ratio of 35.02, a PEG ratio of 1.48 and a beta of 1.01.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 earnings per share. Analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Analyst Upgrades and Downgrades

NDAQ has been the subject of several recent research reports. Morgan Stanley reissued an “overweight” rating and issued a $113.00 price objective (up from $111.00) on shares of Nasdaq in a research note on Thursday, January 15th. Raymond James Financial reiterated an “outperform” rating and issued a $100.00 target price (up from $99.00) on shares of Nasdaq in a research report on Monday, October 13th. TD Cowen restated a “hold” rating on shares of Nasdaq in a research report on Wednesday, January 14th. UBS Group reiterated a “buy” rating and issued a $120.00 price objective (up previously from $115.00) on shares of Nasdaq in a report on Monday, January 12th. Finally, JPMorgan Chase & Co. raised their target price on shares of Nasdaq from $111.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $103.67.

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.