WCG Wealth Advisors LLC Takes Position in Nasdaq, Inc. $NDAQ

WCG Wealth Advisors LLC purchased a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 14,850 shares of the financial services provider’s stock, valued at approximately $1,442,000.

Other large investors have also recently bought and sold shares of the company. Westside Investment Management Inc. boosted its holdings in Nasdaq by 100.0% in the third quarter. Westside Investment Management Inc. now owns 318 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 159 shares in the last quarter. SOA Wealth Advisors LLC. acquired a new position in Nasdaq during the 4th quarter worth $34,000. Fideuram Asset Management Ireland dac bought a new position in Nasdaq during the fourth quarter valued at about $37,000. Elyxium Wealth LLC bought a new position in Nasdaq during the fourth quarter valued at about $44,000. Finally, Washington Trust Advisors Inc. bought a new position in Nasdaq during the fourth quarter valued at about $47,000. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $87.28 on Friday. The firm has a market cap of $49.36 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 1.77 and a beta of 0.97. The company has a 50 day moving average of $88.52 and a 200-day moving average of $90.06. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a 1-year low of $77.09 and a 1-year high of $101.79.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $1.42 billion. Nasdaq had a net margin of 23.15% and a return on equity of 17.51%. The company’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the business posted $0.79 earnings per share. On average, equities analysts forecast that Nasdaq, Inc. will post 3.86 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend 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 dividend yield of 1.4%. Nasdaq’s dividend payout ratio (DPR) is 32.53%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NDAQ shares. Argus raised shares of Nasdaq to a “strong-buy” rating in a research report on Wednesday, February 11th. Barclays increased their price target on shares of Nasdaq from $115.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Loop Capital set a $113.00 price target on shares of Nasdaq in a research report on Friday, April 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Nasdaq in a research report on Wednesday, April 22nd. Finally, Keefe, Bruyette & Woods increased their price target 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. One 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 company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $107.15.

Insider Activity at Nasdaq

In other news, insider Cohen Tal sold 15,518 shares of the stock in a transaction that occurred on 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 directly owned 215,208 shares of the company’s stock, valued at $19,530,126. This represents a 6.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Bradley J. Peterson sold 7,710 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $90.82, for a total transaction of $700,222.20. Following the completion of the transaction, the executive vice president directly owned 141,035 shares in the company, valued at approximately $12,808,798.70. The trade was a 5.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 138,162 shares of company stock valued at $11,932,913 over the last three months. 0.60% of the stock is owned by company insiders.

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.