TritonPoint Partners LLC Makes New $845,000 Investment in Nasdaq, Inc. $NDAQ

TritonPoint Partners LLC bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the 4th quarter, HoldingsChannel reports. The firm bought 8,698 shares of the financial services provider’s stock, valued at approximately $845,000.

Several other institutional investors have also recently made changes to their positions in the stock. NBC Securities Inc. lifted its position in shares of Nasdaq by 7.8% during the fourth quarter. NBC Securities Inc. now owns 1,529 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 111 shares in the last quarter. ORG Wealth Partners LLC increased its holdings in shares of Nasdaq by 6.9% in the fourth quarter. ORG Wealth Partners LLC now owns 1,746 shares of the financial services provider’s stock worth $170,000 after purchasing an additional 112 shares during the period. Independent Advisor Alliance increased its holdings in shares of Nasdaq by 2.6% in the fourth quarter. Independent Advisor Alliance now owns 4,574 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 117 shares during the period. Orgel Wealth Management LLC increased its holdings in shares of Nasdaq by 4.7% in the fourth quarter. Orgel Wealth Management LLC now owns 2,623 shares of the financial services provider’s stock worth $255,000 after purchasing an additional 118 shares during the period. Finally, Frank Rimerman Advisors LLC increased its stake in Nasdaq by 1.5% in the fourth quarter. Frank Rimerman Advisors LLC now owns 8,560 shares of the financial services provider’s stock valued at $831,000 after acquiring an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $88.98 on Monday. The company has a 50-day simple moving average of $88.88 and a two-hundred day simple moving average of $90.11. 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 firm has a market cap of $50.32 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.78 and a beta of 0.97.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.42 billion. During the same period in the prior year, the business posted $0.79 earnings per share. The company’s revenue was up 13.7% on a year-over-year basis. On average, equities analysts forecast that Nasdaq, Inc. will post 3.86 EPS for the current year.

Nasdaq Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, June 12th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.27. This represents a $1.24 annualized dividend and a yield of 1.4%. Nasdaq’s dividend payout ratio (DPR) is currently 37.35%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, SVP Michelle Lynn Daly sold 1,323 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $88.82, for a total transaction of $117,508.86. Following the completion of the sale, the senior vice president directly owned 10,089 shares in the company, valued at $896,104.98. This represents a 11.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Cohen Tal sold 15,518 shares of the company’s 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 sale, the insider owned 215,208 shares of the company’s stock, valued at approximately $19,530,126. The trade was a 6.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 138,162 shares of company stock valued at $11,932,913. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NDAQ shares. Rothschild & Co Redburn set a $110.00 target price on Nasdaq in a research note on Thursday. Barclays increased their target price on Nasdaq from $115.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Nasdaq in a research note on Wednesday, April 22nd. Keefe, Bruyette & Woods increased their target price on Nasdaq from $92.00 to $97.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Finally, TD Cowen raised Nasdaq from a “hold” rating to a “buy” rating and increased their target price for the company from $105.00 to $106.00 in a research note on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Nasdaq has a consensus rating of “Moderate Buy” and an average target price of $107.36.

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.