George Kaiser Family Foundation Acquires New Stake in Nasdaq, Inc. $NDAQ

George Kaiser Family Foundation bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the second quarter, HoldingsChannel.com reports. The firm bought 5,597 shares of the financial services provider’s stock, valued at approximately $441,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its holdings in shares of Nasdaq by 3.8% during the first quarter. Empowered Funds LLC now owns 14,574 shares of the financial services provider’s stock worth $1,106,000 after buying an additional 538 shares in the last quarter. Woodline Partners LP raised its position in Nasdaq by 40.7% in the 1st quarter. Woodline Partners LP now owns 34,962 shares of the financial services provider’s stock valued at $2,652,000 after buying an additional 10,110 shares during the last quarter. Focus Partners Wealth raised its position in Nasdaq by 22.0% in the 1st quarter. Focus Partners Wealth now owns 14,351 shares of the financial services provider’s stock valued at $1,089,000 after buying an additional 2,584 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Nasdaq by 345.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 463 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its stake in Nasdaq by 4.4% in the 2nd quarter. Guggenheim Capital LLC now owns 11,386 shares of the financial services provider’s stock valued at $1,018,000 after acquiring an additional 481 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Analyst Ratings Changes

NDAQ has been the subject of a number of recent research reports. Rothschild & Co Redburn set a $110.00 price target on Nasdaq in a research report on Thursday, June 11th. Keefe, Bruyette & Woods lifted their price objective on shares of Nasdaq from $92.00 to $102.00 and gave the company a “market perform” rating in a report on Friday, July 24th. Wall Street Zen raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. TD Cowen restated a “buy” rating and set a $105.00 target price (up from $101.00) on shares of Nasdaq in a report on Monday, July 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nasdaq in a research report on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $110.30.

Insider Activity

In other Nasdaq news, insider Pc Nelson Griggs sold 11,010 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $96.35, for a total value of $1,060,813.50. Following the completion of the sale, the insider owned 205,001 shares in the company, valued at $19,751,846.35. This trade represents a 5.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Bradley J. Peterson sold 13,000 shares of Nasdaq stock in a transaction dated 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 transaction, the executive vice president owned 128,293 shares of the company’s stock, valued at $11,881,214.73. The trade was a 9.20% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 41,797 shares of company stock valued at $3,926,319. 0.60% of the stock is owned by insiders.

Nasdaq Stock Performance

NDAQ opened at $98.22 on Friday. Nasdaq, Inc. has a 52-week low of $76.55 and a 52-week high of $101.79. The firm has a market capitalization of $54.90 billion, a PE ratio of 28.64, a PEG ratio of 1.32 and a beta of 0.97. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01. The business’s 50-day simple moving average is $89.85 and its 200 day simple moving average is $88.04.

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

Nasdaq Dividend Announcement

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