Nasdaq, Inc. $NDAQ Position Boosted by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. grew its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 4.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 184,172 shares of the financial services provider’s stock after purchasing an additional 8,683 shares during the period. GHP Investment Advisors Inc.’s holdings in Nasdaq were worth $15,634,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. MV Capital Management Inc. acquired a new position in Nasdaq in the 4th quarter valued at approximately $28,000. SOA Wealth Advisors LLC. acquired a new stake in shares of Nasdaq during the 4th quarter valued at $34,000. Nemes Rush Group LLC purchased a new position in shares of Nasdaq during the 4th quarter valued at $35,000. Uniplan Investment Counsel Inc. purchased a new position in shares of Nasdaq during the 4th quarter valued at $35,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in shares of Nasdaq during the 4th quarter valued at $37,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Nasdaq

In other news, SVP Michelle Lynn Daly sold 1,323 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $88.82, for a total transaction of $117,508.86. Following the completion of the sale, the senior vice president owned 10,089 shares in the company, valued at approximately $896,104.98. This represents a 11.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Cohen Tal sold 15,518 shares of the stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $90.75, for a total value of $1,408,258.50. Following the transaction, the insider directly owned 215,208 shares in the company, valued at approximately $19,530,126. This represents a 6.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 138,162 shares of company stock worth $11,932,913 in the last 90 days. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Rothschild & Co Redburn set a $110.00 price objective on Nasdaq in a report on Thursday, June 11th. Weiss Ratings restated a “buy (b)” rating on shares of Nasdaq in a research note on Wednesday, April 22nd. Loop Capital set a $113.00 target price on Nasdaq in a research report on Friday, April 24th. Keefe, Bruyette & Woods raised their price target on Nasdaq from $92.00 to $97.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Finally, Barclays raised their price target on Nasdaq from $115.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. One equities research 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’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $106.79.

Nasdaq Stock Down 4.9%

Nasdaq stock opened at $77.65 on Friday. The company has a market capitalization of $43.91 billion, a P/E ratio of 23.39, a P/E/G ratio of 1.63 and a beta of 0.97. The firm’s fifty day simple moving average is $88.41 and its 200-day simple moving average is $89.73. 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 issued its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Nasdaq had a net margin of 23.15% and a return on equity of 17.51%. Nasdaq’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.79 earnings per share. Sell-side analysts forecast that Nasdaq, Inc. will post 3.87 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be given a $0.31 dividend. This is an increase from Nasdaq’s previous quarterly dividend of $0.27. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, June 12th. Nasdaq’s payout ratio is presently 37.35%.

Nasdaq Company 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.