First National Bank of Omaha Takes Position in Nasdaq, Inc. $NDAQ

First National Bank of Omaha bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, Holdings Channel reports. The firm bought 26,155 shares of the financial services provider’s stock, valued at approximately $2,062,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NDAQ. MV Capital Management Inc. bought a new stake in Nasdaq in the 4th quarter worth approximately $28,000. Nemes Rush Group LLC purchased a new position in shares of Nasdaq in the fourth quarter valued at $35,000. Uniplan Investment Counsel Inc. purchased a new position in shares of Nasdaq in the fourth quarter valued at $35,000. Fideuram Asset Management Ireland dac bought a new stake in Nasdaq in the fourth quarter worth $37,000. Finally, Reflection Asset Management bought a new stake in Nasdaq in the fourth quarter worth $41,000. 72.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Zacks Research upgraded shares of Nasdaq from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Morgan Stanley restated an “overweight” rating and issued a $120.00 target price on shares of Nasdaq in a report on Friday, July 24th. Loop Capital set a $113.00 target price on shares of Nasdaq in a research report on Friday, April 24th. Rothschild & Co Redburn set a $110.00 price target on shares of Nasdaq in a report on Thursday, June 11th. Finally, Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $110.30.

Insider Buying and Selling

In other news, insider Pc Nelson Griggs sold 11,010 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total transaction of $1,060,813.50. Following the transaction, the insider owned 205,001 shares of the company’s stock, valued at approximately $19,751,846.35. This represents a 5.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Bradley J. Peterson sold 13,000 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $92.61, for a total value of $1,203,930.00. Following the completion of the sale, the executive vice president owned 128,293 shares in the company, valued at approximately $11,881,214.73. The trade was a 9.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 41,797 shares of company stock valued at $3,926,319 in the last ninety days. 0.60% of the stock is owned by company insiders.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $96.35 on Thursday. The firm has a market capitalization of $53.86 billion, a PE ratio of 28.09, a PEG ratio of 1.30 and a beta of 0.97. The stock’s fifty day moving average is $89.45 and its 200 day moving average is $87.96. Nasdaq, Inc. has a fifty-two week low of $76.55 and a fifty-two week high of $101.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.98 by $0.09. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. Nasdaq’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Nasdaq, Inc. will post 4.15 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, September 11th. Nasdaq’s dividend payout ratio is 36.15%.

About Nasdaq

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.