Yousif Capital Management LLC Has $4.34 Million Stake in Nasdaq, Inc. $NDAQ

Yousif Capital Management LLC trimmed its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 18.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,516 shares of the financial services provider’s stock after selling 10,762 shares during the quarter. Yousif Capital Management LLC’s holdings in Nasdaq were worth $4,338,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC raised its stake in Nasdaq by 142.2% during the first quarter. SG Americas Securities LLC now owns 11,087 shares of the financial services provider’s stock worth $841,000 after acquiring an additional 6,510 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Nasdaq by 18.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 37,864 shares of the financial services provider’s stock worth $2,872,000 after purchasing an additional 5,789 shares during the last quarter. Exchange Traded Concepts LLC increased its position in shares of Nasdaq by 84.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 1,254 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 574 shares in the last quarter. Mission Wealth Management LP lifted its holdings in Nasdaq by 3.6% during the 1st quarter. Mission Wealth Management LP now owns 15,778 shares of the financial services provider’s stock valued at $1,197,000 after purchasing an additional 550 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in Nasdaq by 7.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 43,161 shares of the financial services provider’s stock valued at $3,274,000 after purchasing an additional 3,096 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NDAQ. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Nasdaq from $97.00 to $105.00 and gave the company a “buy” rating in a report on Friday, July 25th. Piper Sandler lifted their price target on shares of Nasdaq from $97.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Morgan Stanley set a $90.00 price target on shares of Nasdaq and gave the company an “equal weight” rating in a report on Wednesday, October 1st. Royal Bank Of Canada reissued an “outperform” rating and set a $108.00 price target on shares of Nasdaq in a report on Thursday, October 9th. Finally, Raymond James Financial restated an “outperform” rating and issued a $100.00 target price (up from $99.00) on shares of Nasdaq in a research note on Monday. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.50.

Insider Transactions at Nasdaq

In related news, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $95.49, for a total value of $201,006.45. Following the completion of the sale, the executive vice president directly owned 92,551 shares in the company, valued at $8,837,694.99. This trade represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michelle Lynn Daly sold 8,691 shares of Nasdaq stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $93.45, for a total value of $812,173.95. Following the completion of the sale, the senior vice president owned 8,879 shares of the company’s stock, valued at approximately $829,742.55. The trade was a 49.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.

Nasdaq Stock Performance

Shares of NASDAQ:NDAQ opened at $89.62 on Thursday. Nasdaq, Inc. has a twelve month low of $64.84 and a twelve month high of $97.63. The firm has a market cap of $51.42 billion, a PE ratio of 34.47, a price-to-earnings-growth ratio of 2.02 and a beta of 0.98. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 0.96. The business has a fifty day moving average of $92.25 and a 200-day moving average of $86.16.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.26 billion. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%.The company’s revenue was up 12.7% on a year-over-year basis. During the same period last year, the company earned $0.69 earnings per share. On average, equities research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, September 12th. Nasdaq’s dividend payout ratio (DPR) is presently 41.54%.

About Nasdaq

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.