Silver Oak Securities Incorporated Acquires Shares of 6,402 Nasdaq, Inc. $NDAQ

Silver Oak Securities Incorporated bought a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,402 shares of the financial services provider’s stock, valued at approximately $543,000.

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

Nasdaq Price Performance

Nasdaq stock opened at $78.56 on Friday. The business’s 50-day simple moving average is $88.21 and its 200 day simple moving average is $89.65. The stock has a market cap of $44.43 billion, a price-to-earnings ratio of 23.66, a P/E/G ratio of 1.57 and a beta of 0.97. Nasdaq, Inc. has a 12-month low of $77.09 and a 12-month high of $101.79. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.71.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 EPS. As a group, research analysts anticipate that Nasdaq, Inc. will post 3.87 earnings per share for the current year.

Nasdaq Increases Dividend

The firm also recently disclosed 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 an increase from Nasdaq’s previous quarterly dividend of $0.27. This represents a $1.24 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, June 12th. Nasdaq’s dividend payout ratio (DPR) is currently 37.35%.

Insiders Place Their Bets

In other Nasdaq news, insider Cohen Tal sold 15,518 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $90.75, for a total transaction of $1,408,258.50. Following the completion of the sale, the insider owned 215,208 shares in the company, valued at approximately $19,530,126. The trade was a 6.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Michelle Lynn Daly sold 1,323 shares of the stock in a transaction on Friday, April 24th. The shares were sold at an average price of $88.82, for a total value of $117,508.86. Following the completion of the transaction, the senior vice president directly owned 10,089 shares in the company, valued at approximately $896,104.98. This trade represents a 11.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 138,162 shares of company stock valued at $11,932,913 over the last three months. 0.60% of the stock is owned by insiders.

Analyst Ratings Changes

NDAQ has been the topic of a number of research analyst reports. Loop Capital set a $113.00 price target on Nasdaq in a research report on Friday, April 24th. Barclays boosted their price objective on Nasdaq from $115.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Rothschild & Co Redburn set a $110.00 target price on Nasdaq in a report on Thursday, June 11th. Keefe, Bruyette & Woods raised their target price on Nasdaq from $92.00 to $97.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nasdaq in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $106.79.

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.