Prime Capital Investment Advisors LLC Sells 2,318 Shares of Nasdaq, Inc. $NDAQ

Prime Capital Investment Advisors LLC decreased its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 8.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 24,745 shares of the financial services provider’s stock after selling 2,318 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Nasdaq were worth $2,213,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of NDAQ. Merit Financial Group LLC bought a new stake in Nasdaq in the 1st quarter valued at approximately $277,000. Gateway Investment Advisers LLC increased its position in shares of Nasdaq by 11.5% during the 1st quarter. Gateway Investment Advisers LLC now owns 5,438 shares of the financial services provider’s stock worth $413,000 after purchasing an additional 562 shares during the last quarter. Wedmont Private Capital increased its position in shares of Nasdaq by 10.0% during the 1st quarter. Wedmont Private Capital now owns 4,112 shares of the financial services provider’s stock worth $294,000 after purchasing an additional 375 shares during the last quarter. Park Avenue Securities LLC increased its position in shares of Nasdaq by 7.0% during the 1st quarter. Park Avenue Securities LLC now owns 7,550 shares of the financial services provider’s stock worth $573,000 after purchasing an additional 494 shares during the last quarter. Finally, Wesbanco Bank Inc. increased its position in shares of Nasdaq by 7.1% during the 1st quarter. Wesbanco Bank Inc. now owns 2,829 shares of the financial services provider’s stock worth $215,000 after purchasing an additional 187 shares during the last quarter. Institutional investors own 72.47% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on NDAQ. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nasdaq in a research report on Saturday, September 27th. Royal Bank Of Canada boosted their price target on Nasdaq from $95.00 to $108.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Morgan Stanley set a $90.00 price target on Nasdaq and gave the stock an “equal weight” rating in a research report on Wednesday, October 1st. Piper Sandler boosted their price target on Nasdaq from $97.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Finally, Barclays boosted their target price on Nasdaq from $101.00 to $109.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $97.31.

Nasdaq Stock Up 0.3%

NDAQ stock opened at $88.44 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $50.75 billion, a PE ratio of 34.02, a PEG ratio of 2.01 and a beta of 0.98. Nasdaq, Inc. has a 1-year low of $64.84 and a 1-year high of $97.63. The business’s 50 day simple moving average is $93.02 and its 200 day simple moving average is $85.68.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.07. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%.The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 EPS. As a group, research analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

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

Insider Buying and Selling at Nasdaq

In related news, EVP Jeremy Skule sold 2,105 shares of the business’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $95.49, for a total value of $201,006.45. Following the completion of the sale, the executive vice president directly owned 92,551 shares in the company, valued at $8,837,694.99. The trade was a 2.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Michelle Lynn Daly sold 8,691 shares of the business’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $93.45, for a total value of $812,173.95. Following the completion of the sale, the senior vice president owned 8,879 shares of the company’s stock, valued at $829,742.55. This trade represents a 49.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

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.