4,408 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Bought by Keynote Financial Services LLC

Keynote Financial Services LLC bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 4,408 shares of the financial services provider’s stock, valued at approximately $278,000.

A number of other large investors have also added to or reduced their stakes in NDAQ. Salem Investment Counselors Inc. grew its holdings in Nasdaq by 89.3% in the 1st quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 201 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Nasdaq during the 4th quarter valued at about $29,000. LRI Investments LLC bought a new stake in shares of Nasdaq during the 1st quarter valued at about $31,000. Allworth Financial LP boosted its stake 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 purchasing an additional 349 shares in the last quarter. Finally, EntryPoint Capital LLC boosted its stake in shares of Nasdaq by 6,408.3% during the 1st quarter. EntryPoint Capital LLC now owns 781 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 769 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NDAQ. Barclays lifted their target price on shares of Nasdaq from $74.00 to $77.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods lifted their price target on shares of Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Argus lifted their target price on shares of Nasdaq from $64.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. StockNews.com cut shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Finally, Oppenheimer lifted their target price on shares of Nasdaq from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.25.

Nasdaq Stock Performance

NASDAQ NDAQ traded down $0.46 during trading hours on Friday, hitting $66.86. 3,770,290 shares of the company’s stock traded hands, compared to its average volume of 3,965,449. The business’s fifty day moving average price is $61.46 and its two-hundred day moving average price is $60.18. The company has a current ratio of 0.94, a quick ratio of 0.99 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $38.46 billion, a P/E ratio of 35.19, a P/E/G ratio of 2.72 and a beta of 0.94. Nasdaq, Inc. has a 52 week low of $46.88 and a 52 week high of $70.01.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The company’s revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 earnings per share. Equities research analysts predict that Nasdaq, Inc. will post 2.73 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a $0.24 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.44%. Nasdaq’s payout ratio is currently 50.53%.

Insiders Place Their Bets

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the completion of the transaction, the insider now owns 42,804,207 shares in the company, valued at $2,764,295,688.06. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.70% of the company’s stock.

Nasdaq 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.