Hilltop National Bank Buys Shares of 1,216 Nasdaq, Inc. $NDAQ

Hilltop National Bank purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,216 shares of the financial services provider’s stock, valued at approximately $109,000.

A number of other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Nasdaq by 3.0% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 54,405 shares of the financial services provider’s stock valued at $4,865,000 after buying an additional 1,609 shares in the last quarter. J. Safra Sarasin Holding AG bought a new stake in shares of Nasdaq in the 2nd quarter valued at about $1,949,000. Lecap Asset Management Ltd. bought a new stake in shares of Nasdaq in the 2nd quarter valued at about $2,278,000. ASR Vermogensbeheer N.V. boosted its holdings in shares of Nasdaq by 25.0% in the 2nd quarter. ASR Vermogensbeheer N.V. now owns 12,877 shares of the financial services provider’s stock valued at $1,151,000 after buying an additional 2,572 shares in the last quarter. Finally, Gold Investment Management Ltd. boosted its holdings in shares of Nasdaq by 19.2% in the 2nd quarter. Gold Investment Management Ltd. now owns 37,508 shares of the financial services provider’s stock valued at $3,339,000 after buying an additional 6,033 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction on Friday, August 1st. The shares were sold at an average price of $95.49, for a total transaction of $201,006.45. Following the sale, the executive vice president owned 92,551 shares of the company’s stock, valued at $8,837,694.99. The trade was a 2.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Michelle Lynn Daly sold 8,691 shares of Nasdaq stock in a transaction on 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 directly owned 8,879 shares in the company, valued at approximately $829,742.55. This trade represents a 49.46% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $87.61 on Friday. The firm has a market cap of $50.27 billion, a PE ratio of 33.70, a PEG ratio of 2.00 and a beta of 0.98. The firm has a fifty day moving average of $93.31 and a 200 day moving average of $85.52. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 0.96. Nasdaq, Inc. has a one year low of $64.84 and a one year high of $97.63.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.78 by $0.07. The company 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 was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 EPS. As a group, research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

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

Analyst Upgrades and Downgrades

NDAQ has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Nasdaq in a research note on Saturday, September 27th. Oppenheimer reiterated an “outperform” rating and issued a $101.00 target price (up from $96.00) on shares of Nasdaq in a research note on Tuesday, July 15th. Citigroup reiterated a “neutral” rating on shares of Nasdaq in a research note on Wednesday, July 9th. Raymond James Financial reiterated an “outperform” rating and issued a $96.00 target price (up from $84.00) on shares of Nasdaq in a research note on Wednesday, July 9th. Finally, Morgan Stanley set a $90.00 target price on shares of Nasdaq and gave the stock an “equal weight” rating in a research note on Wednesday. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $97.31.

Nasdaq 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.