EP Wealth Advisors LLC Purchases Shares of 5,573 Nasdaq, Inc. $NDAQ

EP Wealth Advisors LLC bought a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,573 shares of the financial services provider’s stock, valued at approximately $439,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MV Capital Management Inc. acquired a new stake in Nasdaq in the 4th quarter worth approximately $28,000. Nemes Rush Group LLC purchased a new stake in Nasdaq during the 4th quarter worth approximately $35,000. Uniplan Investment Counsel Inc. acquired a new position in Nasdaq during the 4th quarter valued at approximately $35,000. Fideuram Asset Management Ireland dac acquired a new position in Nasdaq during the 4th quarter valued at approximately $37,000. Finally, Keating Financial Advisory Services Inc. acquired a new position in Nasdaq during the 2nd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Wall Street Zen raised Nasdaq from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Raymond James Financial reissued an “outperform” rating and issued a $113.00 price objective (up from $111.00) on shares of Nasdaq in a report on Thursday, July 9th. Keefe, Bruyette & Woods raised their price objective on Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a research note on Friday, July 24th. Zacks Research raised Nasdaq from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Finally, Rothschild & Co Redburn set a $110.00 target price on Nasdaq in a research report on Thursday, June 11th. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $110.30.

Insider Activity at Nasdaq

In other news, insider Pc Nelson Griggs sold 11,010 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total transaction of $1,060,813.50. Following the completion of the transaction, the insider directly owned 205,001 shares in the company, valued at approximately $19,751,846.35. This represents a 5.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Bradley J. Peterson sold 13,000 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $92.61, for a total transaction of $1,203,930.00. Following the completion of the sale, the executive vice president owned 128,293 shares in the company, valued at approximately $11,881,214.73. This trade represents a 9.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 41,797 shares of company stock valued at $3,926,319. 0.60% of the stock is owned by company insiders.

Nasdaq Price Performance

Shares of Nasdaq stock opened at $98.73 on Wednesday. The firm has a market cap of $55.19 billion, a PE ratio of 28.78, a P/E/G ratio of 1.31 and a beta of 0.96. Nasdaq, Inc. has a twelve month low of $76.55 and a twelve month 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 business has a 50-day moving average price of $90.19 and a 200 day moving average price of $88.12.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.09. The company had revenue of $2.53 billion during 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 firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. Sell-side analysts predict that Nasdaq, Inc. will post 4.15 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

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

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.