Nwam LLC Invests $242,000 in Nasdaq, Inc. $NDAQ

Nwam LLC bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 2,526 shares of the financial services provider’s stock, valued at approximately $242,000.

Other hedge funds have also recently made changes to their positions in the company. Vise Technologies Inc. purchased a new position in shares of Nasdaq during the second quarter worth approximately $465,000. Alpha Cubed Investments LLC purchased a new stake in Nasdaq during the 2nd quarter valued at $207,000. Allworth Financial LP grew its stake in shares of Nasdaq by 75.8% in the second quarter. Allworth Financial LP now owns 2,041 shares of the financial services provider’s stock worth $182,000 after acquiring an additional 880 shares during the period. Flossbach Von Storch SE raised its stake in Nasdaq by 1.2% during the 2nd quarter. Flossbach Von Storch SE now owns 1,172,990 shares of the financial services provider’s stock valued at $104,889,000 after buying an additional 14,013 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Nasdaq by 23.6% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 132,761 shares of the financial services provider’s stock worth $11,871,000 after acquiring an additional 25,380 shares during the period. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NDAQ has been the topic of several recent analyst reports. Piper Sandler raised their price objective on shares of Nasdaq from $97.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Morgan Stanley set a $90.00 price target on shares of Nasdaq and gave the company an “equal weight” rating in a report on Wednesday, October 1st. Cowen reiterated a “hold” rating on shares of Nasdaq in a research report on Wednesday, October 22nd. Keefe, Bruyette & Woods upped their price objective on Nasdaq from $103.00 to $104.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Finally, TD Cowen raised their target price on shares of Nasdaq from $94.00 to $96.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Fourteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Nasdaq has an average rating of “Moderate Buy” and a consensus target price of $99.67.

Insider Buying and Selling at Nasdaq

In other news, EVP Jeremy Skule sold 2,105 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $85.40, for a total transaction of $179,767.00. Following the completion of the transaction, the executive vice president directly owned 84,974 shares of the company’s stock, valued at approximately $7,256,779.60. The trade was a 2.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Trading Down 1.5%

Shares of NDAQ stock opened at $87.43 on Friday. The stock has a 50 day simple moving average of $89.11 and a 200-day simple moving average of $88.49. Nasdaq, Inc. has a 1-year low of $64.84 and a 1-year high of $97.63. The company has a market cap of $49.92 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 1.79 and a beta of 0.98. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.99.

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

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. Nasdaq’s dividend payout ratio (DPR) is presently 38.57%.

About Nasdaq

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.