Nasdaq, Inc. $NDAQ Shares Acquired by Osaic Holdings Inc.

Osaic Holdings Inc. lifted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 24.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 45,969 shares of the financial services provider’s stock after buying an additional 8,919 shares during the quarter. Osaic Holdings Inc.’s holdings in Nasdaq were worth $4,039,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Front Row Advisors LLC acquired a new position in shares of Nasdaq during the second quarter worth $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Nasdaq during the 2nd quarter valued at $27,000. Bruce G. Allen Investments LLC increased its stake in Nasdaq by 72.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock worth $25,000 after buying an additional 120 shares during the period. Access Investment Management LLC acquired a new position in Nasdaq in the 2nd quarter worth $28,000. Finally, CVA Family Office LLC lifted its holdings in Nasdaq by 137.4% in the 2nd quarter. CVA Family Office LLC now owns 368 shares of the financial services provider’s stock worth $33,000 after buying an additional 213 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. TD Cowen raised their target price on Nasdaq from $94.00 to $96.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Nasdaq in a research note on Tuesday, October 14th. Raymond James Financial restated an “outperform” rating and set a $100.00 price objective (up from $99.00) on shares of Nasdaq in a report on Monday, October 13th. Cowen reiterated a “hold” rating on shares of Nasdaq in a research note on Wednesday, October 22nd. Finally, Barclays restated an “overweight” rating and issued a $114.00 price target (up previously from $109.00) on shares of Nasdaq in a research note on Friday, December 12th. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Nasdaq has a consensus rating of “Moderate Buy” and an average target price of $101.40.

Insiders Place Their Bets

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $85.40, for a total value of $179,767.00. Following the transaction, the executive vice president owned 84,974 shares of the company’s stock, valued at $7,256,779.60. This trade represents a 2.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.70% of the stock is currently owned by company insiders.

Nasdaq Price Performance

Shares of NDAQ opened at $98.63 on Thursday. Nasdaq, Inc. has a 52 week low of $64.84 and a 52 week high of $98.80. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72. The firm has a market cap of $56.31 billion, a price-to-earnings ratio of 35.22, a PEG ratio of 1.75 and a beta of 1.02. The stock has a 50 day moving average of $89.49 and a 200-day moving average of $90.60.

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

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, December 5th. Nasdaq’s dividend payout ratio is currently 38.57%.

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.