Fenimore Asset Management Inc Acquires 6,327 Shares of Nasdaq, Inc. $NDAQ

Fenimore Asset Management Inc boosted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 2.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 223,406 shares of the financial services provider’s stock after buying an additional 6,327 shares during the period. Fenimore Asset Management Inc’s holdings in Nasdaq were worth $20,556,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Fiduciary Financial Advisors acquired a new stake in shares of Nasdaq in the second quarter worth $25,000. Eastern Bank boosted its holdings in Nasdaq by 168.0% in the 3rd quarter. Eastern Bank now owns 268 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 168 shares during the period. MV Capital Management Inc. acquired a new stake in Nasdaq in the 4th quarter worth $28,000. Keating Financial Advisory Services Inc. acquired a new stake in Nasdaq in the 2nd quarter worth $37,000. Finally, Signature Equity Partners LLC increased its holdings in shares of Nasdaq by 60.3% during 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 period. 72.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on NDAQ shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nasdaq in a research report on Monday, July 20th. Wells Fargo & Company began coverage on Nasdaq in a research note on Friday, October 2nd. They set an “equal weight” rating and a $100.00 price target on the stock. TD Cowen reaffirmed a “buy” rating and issued a $105.00 price target (up from $101.00) on shares of Nasdaq in a report on Monday, July 20th. Raymond James Financial reiterated an “outperform” rating on shares of Nasdaq in a research report on Thursday. Finally, Piper Sandler restated an “overweight” rating and set a $108.00 price objective (up from $104.00) on shares of Nasdaq in a research report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $109.08.

Nasdaq Price Performance

NDAQ traded up $0.44 during midday trading on Thursday, reaching $92.37. 2,668,227 shares of the company’s stock were exchanged, compared to its average volume of 3,825,149. 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 simple moving average of $94.84 and a two-hundred day simple moving average of $90.21. The firm has a market capitalization of $51.63 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 1.64 and a beta of 0.99. Nasdaq, Inc. has a one year low of $76.55 and a one year high of $101.79.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.09. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.Nasdaq’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. As a group, research analysts predict that Nasdaq, Inc. will post 4.14 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, September 11th. Nasdaq’s payout ratio is currently 36.15%.

Insider Activity

In other Nasdaq news, insider Nelson Griggs sold 11,010 shares of the business’s stock in a transaction dated 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jeremy Skule sold 1,125 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $95.00, for a total transaction of $106,875.00. Following the sale, the executive vice president directly owned 100,073 shares in the company, valued at $9,506,935. This represents a 1.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 44,047 shares of company stock worth $4,139,191. Corporate insiders own 0.60% of the company’s stock.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology, market infrastructure and exchange company headquartered in New York City. The company operates Nasdaq stock exchanges in the United States and provides trading, clearing, settlement, listing and market data services. Through its Nordic and Baltic operations, Nasdaq also serves financial markets across Northern Europe.

Nasdaq’s business includes exchange and market services, index development, investment intelligence, and technology solutions for exchanges, brokers, banks, asset managers and other financial institutions.