Mizuho Securities USA LLC cut its holdings in Nasdaq, Inc. (NASDAQ:NDAQ – Free Report) by 15.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,135 shares of the financial services provider’s stock after selling 6,086 shares during the period. Mizuho Securities USA LLC’s holdings in Nasdaq were worth $2,514,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Grove Bank & Trust increased its holdings in shares of Nasdaq by 194.6% in the 1st quarter. Grove Bank & Trust now owns 327 shares of the financial services provider’s stock worth $25,000 after buying an additional 216 shares during the last quarter. Highline Wealth Partners LLC increased its holdings in shares of Nasdaq by 1,509.5% in the 1st quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider’s stock worth $26,000 after buying an additional 317 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Nasdaq in the 1st quarter worth about $26,000. First Command Advisory Services Inc. bought a new stake in shares of Nasdaq in the 1st quarter worth about $30,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Nasdaq in the 4th quarter worth about $37,000. 72.47% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Nasdaq
In other news, EVP Bradley J. Peterson sold 11,508 shares of the company’s stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $88.87, for a total value of $1,022,715.96. Following the completion of the sale, the executive vice president owned 111,035 shares of the company’s stock, valued at approximately $9,867,680.45. This represents a 9.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jeremy Skule sold 2,105 shares of the stock in a transaction that occurred 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 directly 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 disclosure for this sale can be found here. Insiders sold a total of 32,409 shares of company stock worth $2,887,839 over the last quarter. 0.70% of the stock is currently owned by company insiders.
Nasdaq Price Performance
Nasdaq (NASDAQ:NDAQ – Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.07. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the company earned $0.69 EPS. The company’s revenue was up 12.7% compared to the same quarter last year. Equities analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.
Nasdaq Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 12th. Nasdaq’s dividend payout ratio is presently 41.54%.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on NDAQ. Keefe, Bruyette & Woods boosted their target price on shares of Nasdaq from $103.00 to $104.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Redburn Atlantic upgraded shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $91.00 price target on the stock in a report on Thursday, April 17th. Morgan Stanley upped their price target on shares of Nasdaq from $75.00 to $86.00 and gave the company an “equal weight” rating in a report on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Nasdaq from $97.00 to $105.00 and gave the company a “buy” rating in a report on Friday, July 25th. Finally, Piper Sandler upped their price target on shares of Nasdaq from $97.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Nasdaq has a consensus rating of “Moderate Buy” and a consensus price target of $97.06.
View Our Latest Stock Analysis on NDAQ
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.
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