284,092 Shares in Nasdaq, Inc. $NDAQ Purchased by Dearborn Partners LLC

Dearborn Partners LLC acquired a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 284,092 shares of the financial services provider’s stock, valued at approximately $24,117,000. Dearborn Partners LLC owned approximately 0.05% of Nasdaq as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NDAQ. NBC Securities Inc. lifted its stake in shares of Nasdaq by 7.8% in the 4th quarter. NBC Securities Inc. now owns 1,529 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 111 shares during the period. Independent Advisor Alliance raised its holdings in Nasdaq by 2.6% in the fourth quarter. Independent Advisor Alliance now owns 4,574 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 117 shares in the last quarter. Quantum Portfolio Management LLC raised its holdings in Nasdaq by 1.8% in the first quarter. Quantum Portfolio Management LLC now owns 7,144 shares of the financial services provider’s stock worth $606,000 after purchasing an additional 123 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its position in Nasdaq by 5.2% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 2,713 shares of the financial services provider’s stock valued at $264,000 after buying an additional 133 shares during the period. Finally, Fielder Capital Group LLC lifted its position in Nasdaq by 3.1% during the fourth quarter. Fielder Capital Group LLC now owns 4,571 shares of the financial services provider’s stock valued at $444,000 after buying an additional 137 shares during the period. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

NDAQ has been the topic of a number of recent research reports. Raymond James Financial reaffirmed an “outperform” rating and issued a $113.00 target price (up from $111.00) on shares of Nasdaq in a research report on Thursday, July 9th. Rothschild & Co Redburn set a $110.00 price target on shares of Nasdaq in a research report on Thursday, June 11th. Wall Street Zen raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Zacks Research upgraded shares of Nasdaq from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nasdaq in a research note on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nasdaq presently has a consensus rating of “Buy” and an average target price of $110.30.

Nasdaq Price Performance

NASDAQ NDAQ opened at $98.79 on Tuesday. Nasdaq, Inc. has a one year low of $76.55 and a one year high of $101.79. The stock has a 50-day moving average of $90.00 and a 200 day moving average of $88.05. The company has a market capitalization of $55.22 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 1.30 and a beta of 0.96. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.09. The business 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 for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS. On average, sell-side analysts forecast that Nasdaq, Inc. will post 4.15 EPS for the current year.

Nasdaq Dividend Announcement

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

Insider Activity at Nasdaq

In other news, major shareholder Ab Investor purchased 56,782 shares of the stock in a transaction dated Thursday, June 11th. The shares were purchased at an average cost of $85.98 per share, with a total value of $4,882,116.36. Following the acquisition, the insider directly owned 58,439,208 shares of the company’s stock, valued at $5,024,603,103.84. This represents a 0.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Pc Nelson Griggs sold 11,010 shares of the stock in a transaction 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 transaction, the insider directly owned 205,001 shares in the company, valued at $19,751,846.35. The trade was a 5.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 41,797 shares of company stock worth $3,926,319 over the last quarter. Company insiders own 0.60% of the company’s stock.

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.