Nasdaq, Inc. $NDAQ Shares Sold by Brookstone Capital Management

Brookstone Capital Management lessened its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 13.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,584 shares of the financial services provider’s stock after selling 536 shares during the period. Brookstone Capital Management’s holdings in Nasdaq were worth $320,000 as of its most recent SEC filing.

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

Nasdaq Trading Down 0.9%

NASDAQ:NDAQ opened at $87.96 on Wednesday. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $97.63. The firm has a market cap of $50.22 billion, a price-to-earnings ratio of 31.41, a P/E/G ratio of 1.86 and a beta of 0.98. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.72. The company’s 50 day moving average is $90.99 and its 200-day moving average is $87.44.

Nasdaq (NASDAQ:NDAQ) last announced 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 business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. Nasdaq’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the company posted $0.74 earnings per share. Equities analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, December 5th. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. Nasdaq’s payout ratio is currently 38.57%.

Insider Activity

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction on Friday, August 1st. The stock was sold at an average price of $95.49, for a total transaction of $201,006.45. Following the completion of the transaction, the executive vice president directly owned 92,551 shares of the company’s stock, valued at approximately $8,837,694.99. This trade represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Nasdaq from $103.00 to $104.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Barclays set a $109.00 target price on shares of Nasdaq and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Cowen reiterated a “hold” rating on shares of Nasdaq in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Nasdaq from $97.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Finally, Oppenheimer restated an “outperform” rating and set a $101.00 price objective (up previously from $96.00) on shares of Nasdaq in a research report on Tuesday, July 15th. Fifteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $98.56.

Nasdaq Company Profile

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.