Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC grew its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 8.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,802 shares of the financial services provider’s stock after purchasing an additional 2,081 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Nasdaq were worth $1,691,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Salem Investment Counselors Inc. lifted its stake in Nasdaq by 89.3% during the 1st quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 201 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Nasdaq during the fourth quarter worth about $29,000. LRI Investments LLC purchased a new position in shares of Nasdaq in the first quarter valued at approximately $31,000. Allworth Financial LP grew its holdings in shares of Nasdaq by 74.9% in the fourth quarter. Allworth Financial LP now owns 815 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 349 shares in the last quarter. Finally, EntryPoint Capital LLC increased its stake in Nasdaq by 6,408.3% during the 1st quarter. EntryPoint Capital LLC now owns 781 shares of the financial services provider’s stock worth $49,000 after buying an additional 769 shares during the period. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,036 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $59.89, for a total value of $181,826.04. Following the sale, the executive vice president now owns 58,636 shares in the company, valued at approximately $3,511,710.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is owned by company insiders.

Nasdaq Price Performance

Shares of NDAQ stock traded up $0.96 during trading hours on Monday, hitting $67.92. The company had a trading volume of 16,079,027 shares, compared to its average volume of 2,915,019. The firm’s fifty day moving average is $60.90 and its 200 day moving average is $59.81. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 0.94. The firm has a market capitalization of $39.07 billion, a price-to-earnings ratio of 35.24, a PEG ratio of 3.07 and a beta of 0.94. Nasdaq, Inc. has a 12 month low of $46.88 and a 12 month high of $68.40.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the company posted $0.71 EPS. The company’s revenue was up 25.3% compared to the same quarter last year. On average, sell-side analysts predict that Nasdaq, Inc. will post 2.71 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, September 13th. Nasdaq’s payout ratio is 50.53%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Argus boosted their price target on shares of Nasdaq from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Edward Jones assumed coverage on Nasdaq in a report on Wednesday, April 3rd. They set a “buy” rating on the stock. Barclays upped their price target on shares of Nasdaq from $74.00 to $77.00 and gave the company an “overweight” rating in a research report on Friday. Keefe, Bruyette & Woods upped their price objective on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Morgan Stanley upgraded shares of Nasdaq from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $59.00 to $80.00 in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Nasdaq presently has an average rating of “Moderate Buy” and a consensus target price of $68.25.

Nasdaq Company Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.