Sage Mountain Advisors LLC Makes New $227,000 Investment in Nasdaq, Inc. $NDAQ

Sage Mountain Advisors LLC acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,535 shares of the financial services provider’s stock, valued at approximately $227,000.

Several other institutional investors and hedge funds have also modified their holdings of NDAQ. Bruce G. Allen Investments LLC increased its stake in shares of Nasdaq by 72.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 120 shares in the last quarter. First Command Advisory Services Inc. purchased a new stake in Nasdaq during the 1st quarter worth approximately $30,000. AlphaQuest LLC purchased a new stake in shares of Nasdaq in the first quarter valued at approximately $34,000. Bayforest Capital Ltd purchased a new stake in shares of Nasdaq in the second quarter valued at approximately $37,000. Finally, Olde Wealth Management LLC purchased a new stake in shares of Nasdaq in the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In other news, EVP Jeremy Skule sold 2,105 shares of the stock in a transaction dated 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 sale, the executive vice president owned 92,551 shares in the company, valued at approximately $8,837,694.99. This represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NDAQ shares. TD Cowen increased their price objective on Nasdaq from $94.00 to $96.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. UBS Group upgraded Nasdaq from a “neutral” rating to a “buy” rating and increased their price objective for the company from $95.00 to $115.00 in a research note on Friday, July 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of Nasdaq in a report on Tuesday, October 14th. Citigroup reissued a “neutral” rating on shares of Nasdaq in a report on Wednesday, July 9th. Finally, Keefe, Bruyette & Woods increased their target price on Nasdaq from $103.00 to $104.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Fifteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and an average price target of $98.56.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $88.44 on Monday. The stock’s 50-day moving average is $91.22 and its two-hundred day moving average is $87.20. The firm has a market cap of $50.50 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 1.85 and a beta of 0.98. Nasdaq, Inc. has a 1 year low of $64.84 and a 1 year high of $97.63. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.99 and a current ratio of 0.99.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.06. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.74 earnings per share. Analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. Nasdaq’s dividend payout ratio (DPR) is presently 38.57%.

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.