Wealthfront Advisers LLC Purchases Shares of 39,091 Nasdaq, Inc. $NDAQ

Wealthfront Advisers LLC purchased a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 39,091 shares of the financial services provider’s stock, valued at approximately $3,081,000.

Other hedge funds have also recently made changes to their positions in the company. MV Capital Management Inc. purchased a new stake in shares of Nasdaq in the 4th quarter valued at $28,000. Nemes Rush Group LLC purchased a new position in Nasdaq in the 4th quarter worth $35,000. Uniplan Investment Counsel Inc. purchased a new position in Nasdaq in the 4th quarter worth $35,000. Fideuram Asset Management Ireland dac purchased a new position in Nasdaq in the 4th quarter worth $37,000. Finally, Signature Equity Partners LLC lifted its stake in Nasdaq by 60.3% in the first quarter. Signature Equity Partners LLC now owns 473 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 178 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Trading Up 1.2%

Shares of NDAQ opened at $97.55 on Friday. The stock has a market capitalization of $54.53 billion, a P/E ratio of 28.44, a PEG ratio of 1.30 and a beta of 0.97. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The firm has a fifty day simple moving average of $89.66 and a two-hundred day simple moving average of $87.96. Nasdaq, Inc. has a twelve month low of $76.55 and a twelve month high of $101.79.

Nasdaq (NASDAQ:NDAQ) last announced 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 net margin of 22.60% and a return on equity of 18.38%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the firm earned $0.85 EPS. The company’s revenue was up 14.9% on a year-over-year basis. On average, research analysts anticipate that Nasdaq, Inc. will post 4.15 EPS for the current year.

Nasdaq Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on NDAQ. Loop Capital set a $113.00 price target on shares of Nasdaq in a research report on Friday, April 24th. Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Zacks Research raised Nasdaq from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Barclays restated an “overweight” rating and set a $111.00 target price (up from $108.00) on shares of Nasdaq in a report on Friday, July 24th. Finally, Raymond James Financial restated an “outperform” rating and set a $113.00 price target (up from $111.00) on shares of Nasdaq in a research report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $110.30.

Insider Buying and Selling

In other Nasdaq news, insider Pc Nelson Griggs sold 11,010 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total transaction of $1,060,813.50. Following the completion of the transaction, the insider owned 205,001 shares of the company’s stock, valued at $19,751,846.35. This represents a 5.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Bradley J. Peterson sold 13,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president 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 position. The SEC filing for this sale provides additional information. Insiders have sold 41,797 shares of company stock valued at $3,926,319 over the last ninety days. 0.60% of the stock is owned by insiders.

Nasdaq Company 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.