Nasdaq, Inc. $NDAQ Stock Position Decreased by Kestra Advisory Services LLC

Kestra Advisory Services LLC trimmed its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 37.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 31,174 shares of the financial services provider’s stock after selling 18,923 shares during the period. Kestra Advisory Services LLC’s holdings in Nasdaq were worth $2,646,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. MV Capital Management Inc. acquired a new position in Nasdaq in the fourth quarter worth approximately $28,000. SOA Wealth Advisors LLC. acquired a new stake in Nasdaq in the fourth quarter valued at approximately $34,000. Nemes Rush Group LLC acquired a new stake in Nasdaq in the fourth quarter valued at approximately $35,000. Uniplan Investment Counsel Inc. bought a new stake in Nasdaq in the fourth quarter worth approximately $35,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in shares of Nasdaq during the 4th quarter worth $37,000. Institutional investors own 72.47% of the company’s stock.

Insider Activity

In other news, insider Cohen Tal sold 15,518 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $90.75, for a total value of $1,408,258.50. Following the sale, the insider directly owned 215,208 shares of the company’s stock, valued at approximately $19,530,126. This trade represents a 6.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Ab Investor purchased 56,782 shares of the stock in a transaction dated Thursday, June 11th. The stock was acquired at an average cost of $85.98 per share, for a total transaction of $4,882,116.36. Following the completion of the transaction, the insider owned 58,439,208 shares of the company’s stock, valued at $5,024,603,103.84. The trade was a 0.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have sold 24,551 shares of company stock worth $2,225,990. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

NDAQ has been the topic of a number of recent research reports. TD Cowen cut their price target on shares of Nasdaq from $104.00 to $98.00 and set a “buy” rating on the stock in a report on Monday, June 22nd. Morgan Stanley decreased their price objective on shares of Nasdaq from $116.00 to $112.00 and set an “overweight” rating for the company in a report on Friday, July 10th. Keefe, Bruyette & Woods increased their target price on shares of Nasdaq from $92.00 to $97.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Loop Capital set a $113.00 target price on Nasdaq in a report on Friday, April 24th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $113.00 price target (up from $111.00) on shares of Nasdaq in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Nasdaq presently has an average rating of “Buy” and an average price target of $107.42.

Nasdaq Trading Down 2.8%

Shares of NDAQ stock opened at $91.64 on Friday. Nasdaq, Inc. has a 12 month low of $76.55 and a 12 month high of $101.79. The company has a market cap of $51.83 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99. 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 business’s 50 day moving average is $87.32 and its two-hundred day moving average is $88.75.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Nasdaq had a net margin of 23.15% and a return on equity of 17.51%. Nasdaq’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.79 earnings per share. Equities analysts predict that Nasdaq, Inc. will post 3.92 EPS for the current year.

Nasdaq Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a $0.31 dividend. This is a boost from Nasdaq’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, June 12th. This represents a $1.24 annualized dividend and a yield of 1.4%. Nasdaq’s payout ratio is 37.35%.

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.