Relyea Zuckerberg Hanson LLC Buys New Shares in Nasdaq, Inc. $NDAQ

Relyea Zuckerberg Hanson LLC purchased a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the 2nd quarter, Holdings Channel reports. The fund purchased 2,357 shares of the financial services provider’s stock, valued at approximately $211,000.

Several other institutional investors have also recently made changes to their positions in the stock. Bruce G. Allen Investments LLC grew its stake in shares of Nasdaq by 72.7% in the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock valued at $25,000 after buying an additional 120 shares in the last quarter. Vestcor Inc grew its position in shares of Nasdaq by 1.6% in the 1st quarter. Vestcor Inc now owns 8,825 shares of the financial services provider’s stock valued at $669,000 after acquiring an additional 141 shares during the period. Sax Wealth Advisors LLC grew its position in shares of Nasdaq by 0.5% in the 1st quarter. Sax Wealth Advisors LLC now owns 30,082 shares of the financial services provider’s stock valued at $2,282,000 after acquiring an additional 144 shares during the period. Wesbanco Bank Inc. increased its stake 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. Finally, Grove Bank & Trust raised its holdings in shares of Nasdaq by 194.6% in the 1st quarter. Grove Bank & Trust now owns 327 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 216 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Buying and Selling

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of Nasdaq 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 transaction, the executive vice president directly owned 92,551 shares of the company’s stock, valued at $8,837,694.99. The trade was a 2.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michelle Lynn Daly sold 8,691 shares of the company’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 sale, the senior vice president owned 8,879 shares of the company’s stock, valued at approximately $829,742.55. The trade was a 49.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

Nasdaq Stock Up 0.6%

NDAQ stock opened at $88.17 on Tuesday. Nasdaq, Inc. has a fifty-two week low of $64.84 and a fifty-two week high of $97.63. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $50.59 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 2.00 and a beta of 0.98. The business’s fifty day moving average price is $93.17 and its two-hundred day moving average price is $85.66.

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

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. Nasdaq’s dividend payout ratio (DPR) is currently 41.54%.

Analyst Ratings Changes

A number of equities analysts recently commented on NDAQ shares. Barclays lifted their price target on Nasdaq from $101.00 to $109.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Citigroup reissued a “neutral” rating on shares of Nasdaq in a report on Wednesday, July 9th. Raymond James Financial restated an “outperform” rating and issued a $96.00 price target (up previously from $84.00) on shares of Nasdaq in a research note on Wednesday, July 9th. UBS Group upgraded shares of Nasdaq from a “neutral” rating to a “buy” rating and upped their price objective for the company from $95.00 to $115.00 in a report on Friday, July 25th. Finally, Royal Bank Of Canada increased their price objective on shares of Nasdaq from $95.00 to $108.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $97.31.

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.