Wedbush Securities Inc. Raises Stock Holdings in Nasdaq, Inc. $NDAQ

Wedbush Securities Inc. lifted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 20.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,056 shares of the financial services provider’s stock after purchasing an additional 857 shares during the quarter. Wedbush Securities Inc.’s holdings in Nasdaq were worth $452,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Bruce G. Allen Investments LLC increased its holdings in shares of Nasdaq by 72.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock worth $25,000 after buying an additional 120 shares during the last quarter. Access Investment Management LLC purchased a new position in Nasdaq in the second quarter worth about $28,000. CVA Family Office LLC increased its stake in Nasdaq by 137.4% during the second quarter. CVA Family Office LLC now owns 368 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 213 shares during the last quarter. First Command Advisory Services Inc. bought a new stake in Nasdaq during the first quarter worth approximately $30,000. Finally, Bayforest Capital Ltd purchased a new stake in Nasdaq during the second quarter valued at approximately $37,000. Institutional investors own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NDAQ. Cowen reiterated a “hold” rating on shares of Nasdaq in a report on Wednesday, October 22nd. Barclays set a $109.00 price target on Nasdaq and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Nasdaq in a research report on Tuesday, October 14th. The Goldman Sachs Group reissued a “buy” rating on shares of Nasdaq in a research note on Friday, July 25th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Nasdaq from $103.00 to $104.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Fourteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.67.

Insider Buying and Selling at Nasdaq

In other news, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $85.40, for a total transaction of $179,767.00. Following the completion of the sale, the executive vice president owned 84,974 shares of the company’s stock, valued at approximately $7,256,779.60. The trade was a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Stock Up 0.0%

NASDAQ:NDAQ opened at $87.83 on Wednesday. The company has a market cap of $50.15 billion, a price-to-earnings ratio of 31.37, a price-to-earnings-growth ratio of 1.79 and a beta of 0.98. Nasdaq, Inc. has a twelve month low of $64.84 and a twelve month high of $97.63. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72. The stock has a fifty day simple moving average of $89.35 and a 200-day simple moving average of $88.50.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the business posted $0.74 earnings per share. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. Analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. Nasdaq’s dividend payout ratio (DPR) is 38.57%.

Nasdaq Company 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.