Harmony Asset Management LLC Has $1.69 Million Stock Holdings in Nasdaq, Inc. $NDAQ

Harmony Asset Management LLC boosted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 39.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,925 shares of the financial services provider’s stock after purchasing an additional 5,635 shares during the quarter. Harmony Asset Management LLC’s holdings in Nasdaq were worth $1,691,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Nasdaq by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 59,916,887 shares of the financial services provider’s stock valued at $5,819,727,000 after buying an additional 268,481 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Nasdaq by 4.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 27,627,767 shares of the financial services provider’s stock worth $2,683,485,000 after acquiring an additional 1,258,964 shares during the period. State Street Corp raised its position in shares of Nasdaq by 1.3% during the 4th quarter. State Street Corp now owns 19,878,600 shares of the financial services provider’s stock valued at $1,930,808,000 after acquiring an additional 259,408 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Nasdaq by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 12,851,894 shares of the financial services provider’s stock valued at $1,243,807,000 after acquiring an additional 378,577 shares during the last quarter. Finally, Morgan Stanley lifted its stake in shares of Nasdaq by 62.6% in the 4th quarter. Morgan Stanley now owns 9,266,562 shares of the financial services provider’s stock valued at $900,061,000 after purchasing an additional 3,567,843 shares during the period. Institutional investors own 72.47% of the company’s stock.

Insider Activity at Nasdaq

In other Nasdaq news, SVP Michelle Lynn Daly sold 1,323 shares of Nasdaq stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $88.82, for a total value of $117,508.86. Following the transaction, the senior vice president owned 10,089 shares of the company’s stock, valued at approximately $896,104.98. The trade was a 11.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Bradley J. Peterson sold 7,710 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $90.82, for a total transaction of $700,222.20. Following the sale, the executive vice president directly owned 141,035 shares of the company’s stock, valued at $12,808,798.70. This represents a 5.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 24,551 shares of company stock valued at $2,225,990. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NDAQ shares. Barclays reduced their price target on Nasdaq from $114.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Loop Capital set a $113.00 target price on Nasdaq in a report on Friday, April 24th. Weiss Ratings restated a “buy (b)” rating on shares of Nasdaq in a research report on Wednesday, April 22nd. Wall Street Zen raised Nasdaq from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $113.00 price target (up from $111.00) on shares of Nasdaq in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Nasdaq has a consensus rating of “Buy” and an average target price of $107.42.

Nasdaq Stock Performance

NDAQ stock opened at $91.36 on Thursday. Nasdaq, Inc. has a 1-year low of $76.55 and a 1-year high of $101.79. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The firm has a market cap of $51.67 billion, a PE ratio of 27.52, a P/E/G ratio of 1.41 and a beta of 0.99. The business’s 50-day moving average price is $87.16 and its two-hundred day moving average price is $88.76.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the company earned $0.79 earnings per share. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, research analysts forecast that Nasdaq, Inc. will post 3.91 earnings per share for the current year.

Nasdaq Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a dividend of $0.31 per share. This is an increase from Nasdaq’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, June 12th. This represents a $1.24 annualized dividend and a yield of 1.4%. Nasdaq’s dividend payout ratio is 37.35%.

Nasdaq 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.