Pacific Excel Wealth Advisors Inc. Invests $475,000 in Nasdaq, Inc. $NDAQ

Pacific Excel Wealth Advisors Inc. acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,025 shares of the financial services provider’s stock, valued at approximately $475,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. MV Capital Management Inc. acquired a new position in Nasdaq during the fourth quarter valued at approximately $28,000. Nemes Rush Group LLC purchased a new stake in Nasdaq during the fourth quarter worth approximately $35,000. Uniplan Investment Counsel Inc. acquired a new stake in shares of Nasdaq in the fourth quarter worth $35,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Nasdaq in the fourth quarter worth $37,000. Finally, Signature Equity Partners LLC raised its stake 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 valued at $40,000 after acquiring an additional 178 shares during the period. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bradley J. Peterson sold 13,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 128,293 shares of the company’s stock, valued at $11,881,214.73. This represents a 9.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Pc Nelson Griggs sold 11,010 shares of Nasdaq stock in a transaction dated 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 sale, the insider directly owned 205,001 shares in the company, valued at approximately $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 sold a total of 41,797 shares of company stock valued at $3,926,319 in the last ninety days. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Raymond James Financial restated an “outperform” rating and set a $113.00 target price (up from $111.00) on shares of Nasdaq in a report on Thursday, July 9th. Morgan Stanley reiterated an “overweight” rating and issued a $120.00 price target on shares of Nasdaq in a report on Friday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Nasdaq in a research report on Monday, July 20th. Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, Rothschild & Co Redburn set a $110.00 target price on Nasdaq in a research report on Thursday, June 11th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Nasdaq has a consensus rating of “Buy” and a consensus price target of $110.30.

Nasdaq Trading Down 0.6%

NDAQ opened at $93.62 on Wednesday. The firm’s 50 day moving average is $87.92 and its 200-day moving average is $88.21. Nasdaq, Inc. has a 52-week low of $76.55 and a 52-week high of $101.79. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $52.33 billion, a P/E ratio of 27.29, a P/E/G ratio of 1.27 and a beta of 0.97.

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

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a $0.31 dividend. 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 payout ratio is currently 36.15%.

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.