11,480 Shares in Nasdaq, Inc. $NDAQ Bought by Centaurus Financial Inc.

Centaurus Financial Inc. purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,480 shares of the financial services provider’s stock, valued at approximately $905,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Fiduciary Financial Advisors purchased a new position in shares of Nasdaq during the 2nd quarter valued at about $25,000. MV Capital Management Inc. purchased a new stake in shares of Nasdaq in the fourth quarter worth about $28,000. Nemes Rush Group LLC purchased a new stake in shares of Nasdaq in the fourth quarter worth about $35,000. Uniplan Investment Counsel Inc. acquired a new stake in Nasdaq during the fourth quarter worth about $35,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in Nasdaq during the fourth quarter valued at approximately $37,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder Ab Investor purchased 56,782 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were purchased at an average price of $85.98 per share, with a total value of $4,882,116.36. Following the purchase, the insider owned 58,439,208 shares of the company’s stock, valued at $5,024,603,103.84. The trade was a 0.10% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bradley J. Peterson sold 13,000 shares of the business’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $92.61, for a total transaction of $1,203,930.00. Following the completion of the sale, the executive vice president directly owned 128,293 shares of the company’s stock, valued at approximately $11,881,214.73. The trade was a 9.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 41,797 shares of company stock worth $3,926,319 in the last quarter. Corporate insiders own 0.60% of the company’s stock.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $99.31 on Friday. The stock has a market capitalization of $55.51 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 1.32 and a beta of 0.97. Nasdaq, Inc. has a twelve month low of $76.55 and a twelve month high of $101.79. 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 has a 50-day moving average of $91.20 and a 200 day moving average of $88.40.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.09. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. Nasdaq’s revenue for the quarter was up 14.9% on a year-over-year basis. Sell-side analysts anticipate that Nasdaq, Inc. will post 4.15 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 11th. Nasdaq’s dividend payout ratio is presently 36.15%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NDAQ. Zacks Research raised Nasdaq from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. TD Cowen reaffirmed a “buy” rating and set a $105.00 price objective (up from $101.00) on shares of Nasdaq in a research note on Monday, July 20th. Barclays reaffirmed an “overweight” rating and set a $111.00 target price (up from $108.00) on shares of Nasdaq in a report on Friday, July 24th. Morgan Stanley reiterated an “overweight” rating and issued a $120.00 target price on shares of Nasdaq in a research note on Friday, July 24th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Nasdaq presently has an average rating of “Buy” and an average price target 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.