OneDigital Investment Advisors LLC Invests $458,000 in Nasdaq, Inc. $NDAQ

OneDigital Investment Advisors LLC bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,810 shares of the financial services provider’s stock, valued at approximately $458,000.

Other hedge funds also recently bought and sold shares of the company. MV Capital Management Inc. purchased a new stake in Nasdaq in the 4th quarter worth approximately $28,000. Nemes Rush Group LLC purchased a new position in shares of Nasdaq during the fourth quarter valued at approximately $35,000. Uniplan Investment Counsel Inc. purchased a new position in shares of Nasdaq during the fourth quarter valued at approximately $35,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Nasdaq during the fourth quarter valued at approximately $37,000. Finally, Reflection Asset Management bought a new position in shares of Nasdaq during the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Performance

Shares of Nasdaq stock opened at $96.35 on Thursday. Nasdaq, Inc. has a 12 month low of $76.55 and a 12 month high of $101.79. The firm has a market capitalization of $53.86 billion, a P/E ratio of 28.09, a P/E/G ratio of 1.30 and a beta of 0.97. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The business has a fifty day simple moving average of $89.45 and a two-hundred day simple moving average of $87.96.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.09. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the firm earned $0.85 EPS. The company’s revenue was up 14.9% compared to the same quarter last year. On average, equities analysts forecast that Nasdaq, Inc. will post 4.15 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, September 11th. Nasdaq’s dividend payout ratio is 36.15%.

Insider Buying and Selling at Nasdaq

In other news, insider Pc Nelson Griggs sold 11,010 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total value of $1,060,813.50. Following the sale, the insider directly owned 205,001 shares of the company’s stock, valued at $19,751,846.35. The trade was a 5.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Ab Investor purchased 56,782 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average price of $85.98 per share, for a total transaction of $4,882,116.36. Following the purchase, the insider directly owned 58,439,208 shares in the company, valued at $5,024,603,103.84. The trade was a 0.10% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders sold 41,797 shares of company stock valued at $3,926,319. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

NDAQ has been the subject of a number of research analyst reports. Zacks Research raised Nasdaq from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Wall Street Zen raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Raymond James Financial restated an “outperform” rating and issued a $113.00 price objective (up from $111.00) on shares of Nasdaq in a report on Thursday, July 9th. Rothschild & Co Redburn set a $110.00 target price on shares of Nasdaq in a research report on Thursday, June 11th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $120.00 target price on shares of Nasdaq in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $110.30.

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.