ORG Wealth Partners LLC Invests $91,000 in Nasdaq, Inc. (NASDAQ:NDAQ)

ORG Wealth Partners LLC purchased a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,203 shares of the financial services provider’s stock, valued at approximately $91,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NDAQ. Grove Bank & Trust increased its holdings in shares of Nasdaq by 194.6% in the first quarter. Grove Bank & Trust now owns 327 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 216 shares in the last quarter. Highline Wealth Partners LLC boosted its position in Nasdaq by 1,509.5% in the 1st quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider’s stock valued at $26,000 after buying an additional 317 shares during the last quarter. Rakuten Securities Inc. bought a new position in Nasdaq in the 4th quarter valued at $26,000. Opal Wealth Advisors LLC acquired a new stake in shares of Nasdaq in the 1st quarter valued at $26,000. Finally, Kestra Investment Management LLC bought a new stake in shares of Nasdaq during the fourth quarter worth $33,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NDAQ has been the topic of a number of research reports. Keefe, Bruyette & Woods upped their target price on shares of Nasdaq from $87.00 to $88.00 and gave the company an “outperform” rating in a research report on Friday, April 25th. UBS Group restated a “cautious” rating on shares of Nasdaq in a report on Monday, April 28th. Wall Street Zen raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Friday, April 18th. Citigroup dropped their target price on shares of Nasdaq from $84.00 to $75.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $95.00 price target on shares of Nasdaq in a research note on Thursday, April 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $87.19.

Nasdaq Trading Down 0.3%

NDAQ opened at $86.10 on Friday. The stock has a market capitalization of $49.43 billion, a P/E ratio of 39.14, a P/E/G ratio of 2.23 and a beta of 1.00. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.77. Nasdaq, Inc. has a 12 month low of $58.76 and a 12 month high of $87.50. The firm’s fifty day simple moving average is $80.31 and its 200 day simple moving average is $78.76.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Nasdaq had a return on equity of 15.38% and a net margin of 16.36%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the business posted $0.63 EPS. As a group, research analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.27 dividend. This is a boost from Nasdaq’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, June 13th. This represents a $1.08 annualized dividend and a yield of 1.25%. Nasdaq’s payout ratio is presently 49.09%.

Insiders Place Their Bets

In other Nasdaq news, EVP Bryan Everard Smith sold 657 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the transaction, the executive vice president now owns 61,980 shares of the company’s stock, valued at $4,450,783.80. The trade was a 1.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Pc Nelson Griggs sold 8,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total value of $664,240.00. Following the completion of the sale, the insider now directly owns 211,405 shares of the company’s stock, valued at approximately $17,552,957.15. The trade was a 3.65% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

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.