Crestmont Private Wealth LLC Acquires 679 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Crestmont Private Wealth LLC grew its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQFree Report) by 10.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,437 shares of the financial services provider’s stock after acquiring an additional 679 shares during the quarter. Nasdaq comprises 0.2% of Crestmont Private Wealth LLC’s investment portfolio, making the stock its 26th largest position. Crestmont Private Wealth LLC’s holdings in Nasdaq were worth $469,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Nasdaq during the 4th quarter valued at about $29,000. Allworth Financial LP raised its holdings in shares of Nasdaq by 74.9% during the 4th quarter. Allworth Financial LP now owns 815 shares of the financial services provider’s stock valued at $47,000 after buying an additional 349 shares in the last quarter. Lindbrook Capital LLC raised its holdings in shares of Nasdaq by 158.5% during the 4th quarter. Lindbrook Capital LLC now owns 902 shares of the financial services provider’s stock valued at $52,000 after buying an additional 553 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in shares of Nasdaq during the 3rd quarter valued at about $65,000. Finally, Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Nasdaq by 313.7% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,328 shares of the financial services provider’s stock valued at $77,000 after buying an additional 1,007 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods reduced their target price on Nasdaq from $75.00 to $74.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. StockNews.com cut Nasdaq from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. The Goldman Sachs Group upgraded Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price objective for the company in a research report on Tuesday, March 26th. Argus upped their price target on Nasdaq from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Finally, Rosenblatt Securities lowered Nasdaq from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $76.00 to $64.00 in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and an average target price of $67.00.

Check Out Our Latest Stock Report on NDAQ

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,036 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.89, for a total transaction of $181,826.04. Following the completion of the transaction, the executive vice president now owns 58,636 shares of the company’s stock, valued at $3,511,710.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ traded up $1.02 during trading on Friday, reaching $60.25. 3,096,117 shares of the company traded hands, compared to its average volume of 2,103,230. The firm’s fifty day simple moving average is $60.31 and its 200 day simple moving average is $58.80. The stock has a market cap of $34.66 billion, a P/E ratio of 31.71, a PEG ratio of 3.21 and a beta of 0.94. Nasdaq, Inc. has a 12-month low of $46.88 and a 12-month high of $64.25. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.90.

Nasdaq (NASDAQ:NDAQGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. Nasdaq had a return on equity of 17.00% and a net margin of 15.98%. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 EPS. As a group, research analysts anticipate that Nasdaq, Inc. will post 2.68 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.59%. This is a boost from Nasdaq’s previous quarterly dividend of $0.22. Nasdaq’s dividend payout ratio is presently 50.53%.

Nasdaq Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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