9,460 Shares in Nasdaq, Inc. $NDAQ Bought by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, Holdings Channel reports. The institutional investor bought 9,460 shares of the financial services provider’s stock, valued at approximately $746,000.

Other large investors also recently modified their holdings of the company. MV Capital Management Inc. bought a new position in Nasdaq in the fourth quarter worth about $28,000. Nemes Rush Group LLC bought a new position in shares of Nasdaq during the fourth quarter valued at approximately $35,000. Uniplan Investment Counsel Inc. acquired a new stake in shares of Nasdaq during the 4th quarter worth approximately $35,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Nasdaq during the 4th quarter worth approximately $37,000. Finally, Signature Equity Partners LLC lifted its holdings in shares of Nasdaq by 60.3% in the 1st quarter. Signature Equity Partners LLC now owns 473 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 178 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NDAQ. Rothschild & Co Redburn set a $110.00 price objective on Nasdaq in a research report on Thursday, June 11th. Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Barclays reissued an “overweight” rating and set a $111.00 price target (up from $108.00) on shares of Nasdaq in a report on Friday, July 24th. TD Cowen restated a “buy” rating and set a $105.00 price target (up from $101.00) on shares of Nasdaq in a research report on Monday, July 20th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $120.00 price objective on shares of Nasdaq in a report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Nasdaq presently has an average rating of “Buy” and an average target price of $110.30.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $94.56 on Thursday. Nasdaq, Inc. has a twelve month low of $76.55 and a twelve month high of $101.79. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $52.86 billion, a price-to-earnings ratio of 27.57, a PEG ratio of 1.27 and a beta of 0.97. The firm has a 50-day moving average of $88.01 and a two-hundred day moving average of $88.17.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.09. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The business’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS. As a group, analysts expect that Nasdaq, Inc. will post 4.13 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a $0.31 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.3%. Nasdaq’s dividend payout ratio (DPR) is 36.15%.

Insider Activity at Nasdaq

In other Nasdaq news, insider Pc Nelson Griggs sold 11,010 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $96.35, for a total value of $1,060,813.50. Following the completion of the sale, the insider owned 205,001 shares in the company, valued at $19,751,846.35. This represents a 5.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bradley J. Peterson sold 13,000 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $92.61, for a total value of $1,203,930.00. Following the sale, the executive vice president owned 128,293 shares of the company’s stock, valued at approximately $11,881,214.73. This represents a 9.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 41,797 shares of company stock worth $3,926,319. 0.60% of the stock is owned by corporate insiders.

Nasdaq 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.