GHP Investment Advisors Inc. Purchases 8,683 Shares of Nasdaq, Inc. $NDAQ

GHP Investment Advisors Inc. boosted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 4.9% in the first quarter, Holdings Channel reports. The fund owned 184,172 shares of the financial services provider’s stock after acquiring an additional 8,683 shares during the period. GHP Investment Advisors Inc.’s holdings in Nasdaq were worth $15,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. MV Capital Management Inc. bought a new position in shares of Nasdaq in the fourth quarter worth about $28,000. SOA Wealth Advisors LLC. bought a new stake in Nasdaq during the 4th quarter valued at approximately $34,000. Nemes Rush Group LLC bought a new stake in Nasdaq during the 4th quarter valued at approximately $35,000. Uniplan Investment Counsel Inc. acquired a new stake in Nasdaq in the 4th quarter valued at approximately $35,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in Nasdaq in the 4th quarter valued at approximately $37,000. 72.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on NDAQ shares. Loop Capital set a $113.00 price target on Nasdaq in a report on Friday, April 24th. Keefe, Bruyette & Woods raised their price objective on shares of Nasdaq from $92.00 to $97.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Wall Street Zen raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Rothschild & Co Redburn set a $110.00 target price on shares of Nasdaq in a research note on Thursday, June 11th. Finally, TD Cowen cut their target price on shares of Nasdaq from $104.00 to $98.00 and set a “buy” rating for the company in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Nasdaq has a consensus rating of “Moderate Buy” and a consensus target price of $106.79.

Insider Transactions at Nasdaq

In other Nasdaq news, CEO Adena T. Friedman sold 113,611 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $85.44, for a total value of $9,706,923.84. Following the sale, the chief executive officer owned 1,965,751 shares of the company’s stock, valued at $167,953,765.44. The trade was a 5.46% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Michelle Lynn Daly sold 1,323 shares of the stock in a transaction on Friday, April 24th. The shares were sold at an average price of $88.82, for a total transaction of $117,508.86. Following the completion of the transaction, the senior vice president owned 10,089 shares of the company’s stock, valued at approximately $896,104.98. This represents a 11.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 138,162 shares of company stock valued at $11,932,913 over the last 90 days. Corporate insiders own 0.60% of the company’s stock.

Nasdaq Trading Down 4.9%

Nasdaq stock opened at $77.65 on Friday. The business has a 50 day moving average price of $88.41 and a two-hundred day moving average price of $89.73. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.71. The stock has a market cap of $43.91 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 1.63 and a beta of 0.97. Nasdaq, Inc. has a 12 month low of $77.09 and a 12 month high of $101.79.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the company earned $0.79 EPS. The company’s quarterly revenue was up 13.7% on a year-over-year basis. As a group, equities analysts forecast that Nasdaq, Inc. will post 3.87 EPS for the current year.

Nasdaq Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.6%. This is an increase from Nasdaq’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, June 12th. Nasdaq’s dividend payout ratio (DPR) is 37.35%.

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.