Nasdaq, Inc. $NDAQ Shares Acquired by Fortis Capital Advisors LLC

Fortis Capital Advisors LLC lifted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,949 shares of the financial services provider’s stock after buying an additional 439 shares during the period. Fortis Capital Advisors LLC’s holdings in Nasdaq were worth $1,158,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NDAQ. Grove Bank & Trust boosted its stake in shares of Nasdaq by 194.6% during the first quarter. Grove Bank & Trust now owns 327 shares of the financial services provider’s stock worth $25,000 after buying an additional 216 shares during the period. Bruce G. Allen Investments LLC boosted its stake in shares of Nasdaq by 72.7% during the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock worth $25,000 after buying an additional 120 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of Nasdaq during the first quarter worth about $26,000. Highline Wealth Partners LLC raised its holdings in Nasdaq by 1,509.5% during the first quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 317 shares in the last quarter. Finally, First Command Advisory Services Inc. purchased a new position in Nasdaq during the first quarter worth about $30,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Trading Up 0.3%

Shares of Nasdaq stock opened at $87.61 on Friday. Nasdaq, Inc. has a 12-month low of $64.84 and a 12-month high of $97.63. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73. The stock has a market cap of $50.27 billion, a PE ratio of 33.70, a price-to-earnings-growth ratio of 1.99 and a beta of 0.98. The company has a 50-day moving average of $93.31 and a two-hundred day moving average of $85.45.

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

Nasdaq Dividend Announcement

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

Insider Buying and Selling

In other news, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $95.49, for a total transaction of $201,006.45. Following the completion of the transaction, the executive vice president directly owned 92,551 shares of the company’s stock, valued at $8,837,694.99. This trade represents a 2.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Michelle Lynn Daly sold 8,691 shares of the firm’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $93.45, for a total transaction of $812,173.95. Following the transaction, the senior vice president directly owned 8,879 shares of the company’s stock, valued at approximately $829,742.55. This trade represents a 49.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

NDAQ has been the subject of several analyst reports. Citigroup reissued a “neutral” rating on shares of Nasdaq in a report on Wednesday, July 9th. Morgan Stanley set a $90.00 price target on shares of Nasdaq and gave the stock an “equal weight” rating in a report on Wednesday. Royal Bank Of Canada increased their price target on shares of Nasdaq from $95.00 to $108.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. UBS Group raised shares of Nasdaq from a “neutral” rating to a “buy” rating and increased their price target for the stock from $95.00 to $115.00 in a report on Friday, July 25th. Finally, Oppenheimer reissued an “outperform” rating and set a $101.00 price target (up from $96.00) on shares of Nasdaq in a report on Tuesday, July 15th. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Nasdaq has a consensus rating of “Moderate Buy” and an average target price of $97.31.

Nasdaq 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.