Pacific Excel Wealth Advisors Inc. Acquires Shares of 6,025 Nasdaq, Inc. $NDAQ

Pacific Excel Wealth Advisors Inc. acquired a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,025 shares of the financial services provider’s stock, valued at approximately $475,000.

Several other hedge funds also recently added to or reduced their stakes in NDAQ. Hilltop National Bank acquired a new position in Nasdaq in the second quarter worth about $153,000. Western Wealth Management LLC raised its stake in Nasdaq by 14.5% during the first quarter. Western Wealth Management LLC now owns 7,786 shares of the financial services provider’s stock valued at $661,000 after buying an additional 987 shares in the last quarter. Lombard Odier Asset Management Europe Ltd lifted its holdings in Nasdaq by 31.4% during the 1st quarter. Lombard Odier Asset Management Europe Ltd now owns 47,298 shares of the financial services provider’s stock worth $4,015,000 after buying an additional 11,298 shares during the last quarter. Militia Capital Management LLC bought a new position in Nasdaq during the 1st quarter worth approximately $555,000. Finally, Parallel Advisors LLC grew its position in shares of Nasdaq by 58.4% in the 1st quarter. Parallel Advisors LLC now owns 8,747 shares of the financial services provider’s stock worth $743,000 after acquiring an additional 3,225 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Trading Down 0.6%

Shares of NASDAQ NDAQ opened at $93.62 on Wednesday. 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 $52.33 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 1.27 and a beta of 0.97. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The stock’s 50 day simple moving average is $87.92 and its 200 day simple moving average is $88.21.

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

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a $0.31 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.24 annualized dividend and a yield of 1.3%. Nasdaq’s dividend payout ratio (DPR) is currently 36.15%.

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 owned 128,293 shares in the company, valued at approximately $11,881,214.73. This represents a 9.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Pc Nelson Griggs sold 11,010 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $96.35, for a total transaction of $1,060,813.50. Following the completion of the sale, the insider owned 205,001 shares in the company, valued at $19,751,846.35. The trade was a 5.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 41,797 shares of company stock valued at $3,926,319 in the last ninety days. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NDAQ shares. Morgan Stanley reissued an “overweight” rating and set a $120.00 price target on shares of Nasdaq in a research report on Friday, July 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nasdaq in a report on Monday, July 20th. Zacks Research upgraded shares of Nasdaq from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Rothschild & Co Redburn set a $110.00 target price on shares of Nasdaq in a report on Thursday, June 11th. Finally, Loop Capital set a $113.00 price target on shares of Nasdaq in a research report on Friday, April 24th. Two 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’s stock. Based on data from MarketBeat, Nasdaq has an average rating of “Buy” and a consensus target price of $110.30.

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.