Silver Oak Securities Incorporated Takes Position in Nasdaq, Inc. $NDAQ

Silver Oak Securities Incorporated purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the first quarter, according to its most recent filing with the SEC. The firm purchased 6,402 shares of the financial services provider’s stock, valued at approximately $543,000.

Several other hedge funds and other institutional investors have also bought and sold shares of NDAQ. Legal & General Group Plc increased its position in shares of Nasdaq by 1.6% in the 4th quarter. Legal & General Group Plc now owns 2,855,235 shares of the financial services provider’s stock valued at $277,329,000 after buying an additional 45,783 shares in the last quarter. M&T Bank Corp grew its stake in Nasdaq by 27.5% in the fourth quarter. M&T Bank Corp now owns 61,076 shares of the financial services provider’s stock valued at $5,933,000 after acquiring an additional 13,160 shares during the period. AlphaCore Capital LLC acquired a new stake in shares of Nasdaq during the fourth quarter worth about $1,245,000. Advisors Preferred LLC acquired a new stake in shares of Nasdaq during the fourth quarter worth about $4,872,000. Finally, Intech Investment Management LLC lifted its holdings in shares of Nasdaq by 129.2% during the 3rd quarter. Intech Investment Management LLC now owns 55,134 shares of the financial services provider’s stock valued at $4,877,000 after purchasing an additional 31,081 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NDAQ. Rothschild & Co Redburn set a $110.00 price objective on Nasdaq in a research report on Thursday, June 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Nasdaq in a report on Wednesday, April 22nd. Keefe, Bruyette & Woods increased their price objective on shares of Nasdaq from $92.00 to $97.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Loop Capital set a $113.00 price objective on shares of Nasdaq in a report on Friday, April 24th. Finally, Wall Street Zen raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $106.79.

Insider Activity

In other news, insider Cohen Tal sold 15,518 shares of the stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $90.75, for a total transaction of $1,408,258.50. Following the completion of the transaction, the insider directly owned 215,208 shares in the company, valued at $19,530,126. This represents a 6.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Bradley J. Peterson sold 7,710 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $90.82, for a total value of $700,222.20. Following the completion of the transaction, the executive vice president owned 141,035 shares of the company’s stock, valued at $12,808,798.70. The trade was a 5.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 138,162 shares of company stock worth $11,932,913. 0.60% of the stock is currently owned by company insiders.

Nasdaq Price Performance

NASDAQ NDAQ opened at $78.56 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a 12-month low of $77.09 and a 12-month high of $101.79. The company has a market capitalization of $44.43 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 1.57 and a beta of 0.97. The firm’s 50 day moving average is $88.21 and its 200-day moving average is $89.65.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, April 23rd. The financial services provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. Nasdaq had a net margin of 23.15% and a return on equity of 17.51%. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the company posted $0.79 earnings per share. The firm’s revenue was up 13.7% on a year-over-year basis. Equities research analysts anticipate that Nasdaq, Inc. will post 3.87 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were given a dividend of $0.31 per share. This is a boost from Nasdaq’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.24 annualized dividend and a yield of 1.6%. Nasdaq’s payout ratio is presently 37.35%.

Nasdaq 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.