Blair William & Co. IL Has $1.05 Million Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Blair William & Co. IL lowered its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 5.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,110 shares of the financial services provider’s stock after selling 1,149 shares during the quarter. Blair William & Co. IL’s holdings in Nasdaq were worth $1,045,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Simplicity Solutions LLC increased its position in Nasdaq by 68.6% during the first quarter. Simplicity Solutions LLC now owns 6,305 shares of the financial services provider’s stock worth $345,000 after buying an additional 2,566 shares during the last quarter. Fund Management at Engine No. 1 LLC acquired a new position in Nasdaq during the fourth quarter worth approximately $229,000. Amalgamated Bank increased its position in Nasdaq by 2.7% during the first quarter. Amalgamated Bank now owns 92,170 shares of the financial services provider’s stock worth $5,039,000 after buying an additional 2,437 shares during the last quarter. Desjardins Global Asset Management Inc. increased its position in Nasdaq by 15.7% during the first quarter. Desjardins Global Asset Management Inc. now owns 11,516 shares of the financial services provider’s stock worth $630,000 after buying an additional 1,559 shares during the last quarter. Finally, New Millennium Group LLC increased its position in Nasdaq by 28.8% during the first quarter. New Millennium Group LLC now owns 9,619 shares of the financial services provider’s stock worth $526,000 after buying an additional 2,152 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Trading Up 0.2 %

Shares of NDAQ stock opened at $51.66 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.57. The stock has a market cap of $25.38 billion, a P/E ratio of 23.27, a price-to-earnings-growth ratio of 5.23 and a beta of 0.91. The stock has a 50 day simple moving average of $50.87 and a 200 day simple moving average of $53.12. Nasdaq, Inc. has a 1 year low of $48.65 and a 1 year high of $69.22.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.05. The business had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $914.85 million. Nasdaq had a return on equity of 21.92% and a net margin of 18.08%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 earnings per share. On average, research analysts predict that Nasdaq, Inc. will post 2.74 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.88 annualized dividend and a yield of 1.70%. Nasdaq’s dividend payout ratio is currently 39.64%.

Analysts Set New Price Targets

NDAQ has been the topic of a number of recent analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $82.00 price target on shares of Nasdaq in a research report on Thursday, July 20th. Morgan Stanley restated an “equal weight” rating and set a $55.00 price objective on shares of Nasdaq in a report on Tuesday, July 25th. StockNews.com cut Nasdaq from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Bank of America reduced their price objective on Nasdaq from $53.00 to $51.00 in a report on Tuesday, June 13th. Finally, UBS Group reduced their price objective on Nasdaq from $62.00 to $56.00 in a report on Tuesday, June 13th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Nasdaq presently has a consensus rating of “Hold” and an average price target of $61.67.

Insider Buying and Selling at Nasdaq

In other news, CEO Adena T. Friedman acquired 10,000 shares of the stock in a transaction on Monday, July 31st. The stock was acquired at an average cost of $51.00 per share, for a total transaction of $510,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,672,318 shares in the company, valued at $85,288,218. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Adena T. Friedman acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average cost of $51.00 per share, for a total transaction of $510,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,672,318 shares of the company’s stock, valued at approximately $85,288,218. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ann M. Dennison sold 5,100 shares of the stock in a transaction on Friday, July 21st. The shares were sold at an average price of $50.05, for a total value of $255,255.00. Following the completion of the sale, the executive vice president now owns 64,509 shares of the company’s stock, valued at $3,228,675.45. The disclosure for this sale can be found here. Insiders bought a total of 14,500 shares of company stock worth $740,540 over the last three months. Corporate insiders own 0.75% of the company’s stock.

Nasdaq Company Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Market Platforms, Capital Access Platforms, and Anti-Financial Crime. The Market Platforms segment trading services, including equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and trade management service businesses.