George Kaiser Family Foundation Acquires New Position in Nasdaq, Inc. $NDAQ

George Kaiser Family Foundation acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,597 shares of the financial services provider’s stock, valued at approximately $441,000.

A number of other institutional investors have also recently bought and sold shares of NDAQ. MV Capital Management Inc. acquired a new position in shares of Nasdaq in the 4th quarter valued at $28,000. Nemes Rush Group LLC acquired a new stake in shares of Nasdaq during the fourth quarter worth $35,000. Uniplan Investment Counsel Inc. acquired a new stake in shares of Nasdaq during the fourth quarter worth $35,000. Fideuram Asset Management Ireland dac bought a new stake in Nasdaq in the fourth quarter valued at about $37,000. Finally, Keating Financial Advisory Services Inc. bought a new stake in Nasdaq in the second quarter valued at about $37,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Price Performance

NDAQ opened at $98.22 on Friday. The stock has a market cap of $54.90 billion, a P/E ratio of 28.64, a P/E/G ratio of 1.32 and a beta of 0.97. Nasdaq, Inc. has a 12 month low of $76.55 and a 12 month high of $101.79. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The company has a fifty day simple moving average of $89.85 and a 200 day simple moving average of $88.04.

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

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.3%. Nasdaq’s dividend payout ratio (DPR) is currently 36.15%.

Insider Activity

In other Nasdaq news, major shareholder Ab Investor acquired 56,782 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were acquired at an average price of $85.98 per share, for a total transaction of $4,882,116.36. Following the acquisition, the insider directly owned 58,439,208 shares of the company’s stock, valued at approximately $5,024,603,103.84. This trade represents a 0.10% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Bradley J. Peterson sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $92.61, for a total value of $1,203,930.00. Following the completion of the transaction, the executive vice president owned 128,293 shares of the company’s stock, valued at $11,881,214.73. This represents a 9.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 41,797 shares of company stock worth $3,926,319 in the last 90 days. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Raymond James Financial reissued an “outperform” rating and issued a $113.00 target price (up from $111.00) on shares of Nasdaq in a research note on Thursday, July 9th. Rothschild & Co Redburn set a $110.00 target price on Nasdaq in a research report on Thursday, June 11th. Wall Street Zen raised Nasdaq from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. TD Cowen reiterated a “buy” rating and issued a $105.00 price target (up from $101.00) on shares of Nasdaq in a research report on Monday, July 20th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a research note on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nasdaq presently has an average rating of “Buy” and a consensus target price of $110.30.

Nasdaq Company 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.