Prosperity Consulting Group LLC Sells 2,073 Shares of Nasdaq, Inc. $NDAQ

Prosperity Consulting Group LLC trimmed its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 5.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,385 shares of the financial services provider’s stock after selling 2,073 shares during the period. Prosperity Consulting Group LLC’s holdings in Nasdaq were worth $3,075,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Bruce G. Allen Investments LLC grew its stake in Nasdaq by 72.7% in the 2nd 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. Access Investment Management LLC purchased a new position in Nasdaq in the 2nd quarter valued at approximately $28,000. CVA Family Office LLC grew its position in shares of Nasdaq by 137.4% during the 2nd quarter. CVA Family Office LLC now owns 368 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 213 shares in the last quarter. First Command Advisory Services Inc. purchased a new position in shares of Nasdaq during the 1st quarter valued at $30,000. Finally, Bayforest Capital Ltd purchased a new position in shares of Nasdaq during the 2nd quarter valued at $37,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Stock Up 1.1%

NASDAQ NDAQ opened at $86.39 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.99. The company’s 50 day simple moving average is $90.30 and its 200 day simple moving average is $87.92. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $97.63. The company has a market capitalization of $49.33 billion, a P/E ratio of 30.85, a PEG ratio of 1.79 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last released its 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. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 EPS. Equities research analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.08 dividend on an annualized basis and a yield of 1.3%. Nasdaq’s dividend payout ratio (DPR) is currently 38.57%.

Analyst Ratings Changes

A number of research analysts have recently commented on NDAQ shares. Morgan Stanley set a $90.00 price target on shares of Nasdaq and gave the company an “equal weight” rating in a research report on Wednesday, October 1st. Keefe, Bruyette & Woods boosted their price target on shares of Nasdaq from $103.00 to $104.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. UBS Group upgraded shares of Nasdaq from a “neutral” rating to a “buy” rating and upped their target price for the stock from $95.00 to $115.00 in a research report on Friday, July 25th. Piper Sandler increased their target price on Nasdaq from $97.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Finally, Oppenheimer reissued an “outperform” rating and issued a $101.00 target price (up previously from $96.00) on shares of Nasdaq in a research note on Tuesday, July 15th. Fifteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and a consensus target price of $98.56.

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.