Stanley Laman Group Ltd. Purchases 228 Shares of Nasdaq, Inc. $NDAQ

Stanley Laman Group Ltd. boosted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 2.7% during the second quarter, HoldingsChannel reports. The fund owned 8,706 shares of the financial services provider’s stock after buying an additional 228 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Nasdaq were worth $778,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC raised its position 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 purchasing an additional 120 shares during the period. First Command Advisory Services Inc. purchased a new position in Nasdaq in the 1st quarter valued at approximately $30,000. Bayforest Capital Ltd bought a new stake in Nasdaq during the 2nd quarter valued at $37,000. AlphaQuest LLC bought a new stake in Nasdaq during the 1st quarter valued at $34,000. Finally, Olde Wealth Management LLC purchased a new stake in shares of Nasdaq during the first quarter worth $40,000. Institutional investors own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NDAQ shares. Raymond James Financial reiterated an “outperform” rating and issued a $100.00 price target (up from $99.00) on shares of Nasdaq in a research report on Monday, October 13th. Barclays reiterated an “overweight” rating and set a $108.00 price target (down from $109.00) on shares of Nasdaq in a research report on Wednesday, October 8th. Royal Bank Of Canada restated an “outperform” rating and issued a $108.00 price objective on shares of Nasdaq in a research report on Thursday, October 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Nasdaq in a research note on Tuesday, October 14th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Nasdaq from $103.00 to $104.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $97.50.

Insiders Place Their Bets

In other news, SVP Michelle Lynn Daly sold 8,691 shares of the company’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $93.45, for a total value of $812,173.95. Following the completion of the transaction, the senior vice president directly owned 8,879 shares in the company, valued at approximately $829,742.55. This represents a 49.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $95.49, for a total value of $201,006.45. Following the transaction, the executive vice president directly owned 92,551 shares in the company, valued at approximately $8,837,694.99. This represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

Nasdaq Stock Up 0.7%

NDAQ stock opened at $88.59 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73. The company’s 50 day moving average is $91.92 and its 200 day moving average is $86.39. The stock has a market cap of $50.83 billion, a price-to-earnings ratio of 34.07, a price-to-earnings-growth ratio of 1.98 and a beta of 0.98. Nasdaq, Inc. has a 1-year low of $64.84 and a 1-year high of $97.63.

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 the consensus estimate of $0.78 by $0.07. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the business posted $0.69 earnings per share. Nasdaq’s revenue for the quarter was up 12.7% on a year-over-year basis. Sell-side analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a $0.27 dividend. The ex-dividend date was Friday, September 12th. This represents a $1.08 annualized dividend and a yield of 1.2%. Nasdaq’s payout ratio is 41.54%.

About Nasdaq

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.