Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers boosted its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 32.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,991 shares of the financial services provider’s stock after acquiring an additional 8,770 shares during the period. Cetera Investment Advisers’ holdings in Nasdaq were worth $2,730,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NDAQ. Janney Montgomery Scott LLC increased its stake in Nasdaq by 7.7% during the first quarter. Janney Montgomery Scott LLC now owns 43,161 shares of the financial services provider’s stock valued at $3,274,000 after purchasing an additional 3,096 shares during the last quarter. USA Financial Formulas grew its position in shares of Nasdaq by 61.1% during the first quarter. USA Financial Formulas now owns 17,842 shares of the financial services provider’s stock worth $1,353,000 after acquiring an additional 6,764 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Nasdaq by 1.2% during the first quarter. Principal Financial Group Inc. now owns 2,268,620 shares of the financial services provider’s stock worth $172,098,000 after acquiring an additional 27,622 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Nasdaq during the fourth quarter worth about $48,749,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co bought a new position in shares of Nasdaq during the first quarter worth about $222,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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. Also, EVP Bradley J. Peterson sold 11,508 shares of the firm’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the completion of the sale, the executive vice president owned 111,035 shares of the company’s stock, valued at approximately $9,867,680.45. The trade was a 9.39% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,409 shares of company stock valued at $2,887,839. Insiders own 0.70% of the company’s stock.

Nasdaq Stock Up 0.2%

Shares of NASDAQ:NDAQ opened at $96.56 on Thursday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.73. The stock has a market cap of $55.41 billion, a P/E ratio of 37.14, a price-to-earnings-growth ratio of 2.13 and a beta of 1.00. The business’s 50 day moving average is $89.14 and its 200 day moving average is $81.63. Nasdaq, Inc. has a 52-week low of $64.84 and a 52-week high of $97.22.

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, topping analysts’ consensus estimates of $0.78 by $0.07. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the business posted $0.69 EPS. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. Sell-side analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a $0.27 dividend. The ex-dividend date is Friday, September 12th. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. Nasdaq’s dividend payout ratio is currently 41.54%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NDAQ shares. Wall Street Zen upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Friday, April 18th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Nasdaq from $97.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Royal Bank Of Canada increased their price objective on shares of Nasdaq from $95.00 to $108.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Keefe, Bruyette & Woods boosted their target price on Nasdaq from $103.00 to $104.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Finally, Citigroup restated a “neutral” rating on shares of Nasdaq in a research report on Wednesday, July 9th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $97.06.

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.