Sanctuary Advisors LLC Invests $7.22 Million in Nasdaq, Inc. $NDAQ

Sanctuary Advisors LLC purchased a new position in Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 91,563 shares of the financial services provider’s stock, valued at approximately $7,217,000.

Several other institutional investors also recently bought and sold shares of NDAQ. NBC Securities Inc. raised its holdings in Nasdaq by 7.8% in the fourth quarter. NBC Securities Inc. now owns 1,529 shares of the financial services provider’s stock worth $149,000 after buying an additional 111 shares during the last quarter. Independent Advisor Alliance grew its holdings in shares of Nasdaq by 2.6% during the fourth quarter. Independent Advisor Alliance now owns 4,574 shares of the financial services provider’s stock valued at $444,000 after buying an additional 117 shares during the last quarter. Quantum Portfolio Management LLC increased its position in shares of Nasdaq by 1.8% during the first quarter. Quantum Portfolio Management LLC now owns 7,144 shares of the financial services provider’s stock valued at $606,000 after acquiring an additional 123 shares in the last quarter. Avidian Wealth Enterprises LLC raised its holdings in Nasdaq by 5.2% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 2,713 shares of the financial services provider’s stock worth $264,000 after acquiring an additional 133 shares during the last quarter. Finally, Fielder Capital Group LLC raised its holdings in Nasdaq by 3.1% in the 4th quarter. Fielder Capital Group LLC now owns 4,571 shares of the financial services provider’s stock worth $444,000 after acquiring an additional 137 shares during the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Nasdaq news, EVP Bradley J. Peterson sold 13,000 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $92.61, for a total value of $1,203,930.00. Following the transaction, the executive vice president directly owned 128,293 shares of the company’s stock, valued at approximately $11,881,214.73. This trade represents a 9.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Pc Nelson Griggs sold 11,010 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $96.35, for a total value of $1,060,813.50. Following the sale, the insider owned 205,001 shares of the company’s stock, valued at approximately $19,751,846.35. This represents a 5.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 41,797 shares of company stock valued at $3,926,319. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

NDAQ has been the topic of several recent analyst reports. TD Cowen reiterated a “buy” rating and set a $105.00 target price (up from $101.00) on shares of Nasdaq in a research note on Monday, July 20th. Raymond James Financial reaffirmed an “outperform” rating and set a $113.00 price target (up from $111.00) on shares of Nasdaq in a report on Thursday, July 9th. Keefe, Bruyette & Woods increased their price objective on Nasdaq from $92.00 to $102.00 and gave the company a “market perform” rating in a research report on Friday, July 24th. Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, Morgan Stanley reissued an “overweight” rating and issued a $120.00 target price on shares of Nasdaq in a research report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $110.30.

Nasdaq Price Performance

Shares of NDAQ opened at $98.79 on Tuesday. The firm has a fifty day simple moving average of $90.00 and a two-hundred day simple moving average of $88.05. The firm has a market cap of $55.22 billion, a PE ratio of 28.80, a P/E/G ratio of 1.30 and a beta of 0.96. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a 1-year low of $76.55 and a 1-year high of $101.79.

Nasdaq (NASDAQ:NDAQ) last released 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 firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the business posted $0.85 EPS. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, equities analysts anticipate that Nasdaq, Inc. will post 4.15 EPS for the current year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. Nasdaq’s dividend payout ratio is currently 36.15%.

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.