5,227 Shares in Nasdaq, Inc. $NDAQ Acquired by Glenview Trust Co

Glenview Trust Co purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,227 shares of the financial services provider’s stock, valued at approximately $412,000.

A number of other hedge funds also recently modified their holdings of the business. Empowered Funds LLC increased its holdings in Nasdaq by 3.8% in the first quarter. Empowered Funds LLC now owns 14,574 shares of the financial services provider’s stock valued at $1,106,000 after purchasing an additional 538 shares during the period. Woodline Partners LP grew its position in shares of Nasdaq by 40.7% in the 1st quarter. Woodline Partners LP now owns 34,962 shares of the financial services provider’s stock valued at $2,652,000 after buying an additional 10,110 shares during the last quarter. Focus Partners Wealth grew its position in shares of Nasdaq by 22.0% in the 1st quarter. Focus Partners Wealth now owns 14,351 shares of the financial services provider’s stock valued at $1,089,000 after buying an additional 2,584 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Nasdaq by 345.5% in the first quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock valued at $45,000 after buying an additional 463 shares during the period. Finally, Guggenheim Capital LLC lifted its stake in shares of Nasdaq by 4.4% in the second quarter. Guggenheim Capital LLC now owns 11,386 shares of the financial services provider’s stock worth $1,018,000 after acquiring an additional 481 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ opened at $99.31 on Friday. 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 stock has a market cap of $55.51 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 1.32 and a beta of 0.97. The stock’s fifty day simple moving average is $91.20 and its two-hundred day simple moving average is $88.40. Nasdaq, Inc. has a 1-year low of $76.55 and a 1-year high of $101.79.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, beating the consensus estimate of $0.98 by $0.09. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. As a group, analysts forecast that Nasdaq, Inc. will post 4.15 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, September 11th. Nasdaq’s payout ratio is presently 36.15%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on NDAQ shares. Barclays restated an “overweight” rating and issued a $111.00 price target (up from $108.00) on shares of Nasdaq in a research report on Friday, July 24th. Raymond James Financial reissued an “outperform” rating and issued a $113.00 price objective (up from $111.00) on shares of Nasdaq in a research note on Thursday, July 9th. Wall Street Zen raised Nasdaq from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Nasdaq in a report on Monday, July 20th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a report on Friday, July 24th. Two 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. According to MarketBeat.com, Nasdaq currently has an average rating of “Buy” and an average target price of $110.30.

Insider Activity

In other Nasdaq news, insider Pc Nelson Griggs sold 11,010 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total value of $1,060,813.50. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bradley J. Peterson sold 13,000 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $92.61, for a total value of $1,203,930.00. Following the sale, the executive vice president directly 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. Insiders sold a total of 41,797 shares of company stock valued at $3,926,319 over the last three months. Corporate insiders own 0.60% of the company’s stock.

About Nasdaq

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.