Delap Wealth Advisory LLC Makes New $203,000 Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

Delap Wealth Advisory LLC acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 3,215 shares of the financial services provider’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NDAQ. EntryPoint Capital LLC increased its position in Nasdaq by 6,408.3% in the 1st quarter. EntryPoint Capital LLC now owns 781 shares of the financial services provider’s stock valued at $49,000 after buying an additional 769 shares in the last quarter. Natixis Investment Managers International increased its position in Nasdaq by 128.9% in the 1st quarter. Natixis Investment Managers International now owns 26,822 shares of the financial services provider’s stock valued at $1,692,000 after buying an additional 15,105 shares in the last quarter. Natixis increased its position in Nasdaq by 154.2% in the 1st quarter. Natixis now owns 509,801 shares of the financial services provider’s stock valued at $32,168,000 after buying an additional 309,238 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in Nasdaq by 283.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,154,143 shares of the financial services provider’s stock valued at $72,880,000 after buying an additional 853,414 shares in the last quarter. Finally, American International Group Inc. increased its position in Nasdaq by 10.6% in the 1st quarter. American International Group Inc. now owns 102,770 shares of the financial services provider’s stock valued at $6,485,000 after buying an additional 9,887 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Nasdaq

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

Nasdaq Price Performance

Shares of NASDAQ NDAQ traded down $0.43 during mid-day trading on Friday, reaching $66.83. 1,417,202 shares of the company were exchanged, compared to its average volume of 2,806,659. The stock has a market capitalization of $38.44 billion, a PE ratio of 34.94, a PEG ratio of 2.89 and a beta of 0.94. The company’s 50 day moving average price is $60.82 and its 200 day moving average price is $59.69. Nasdaq, Inc. has a 52 week low of $46.88 and a 52 week high of $67.77. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.90.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter last year, the company earned $0.71 EPS. The firm’s revenue was up 25.3% compared to the same quarter last year. Sell-side analysts forecast that Nasdaq, Inc. will post 2.7 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently disclosed 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. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Friday, September 13th. Nasdaq’s payout ratio is 50.53%.

Analysts Set New Price Targets

A number of analysts have commented on the company. StockNews.com lowered Nasdaq from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Oppenheimer upped their price objective on Nasdaq from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday. Edward Jones initiated coverage on Nasdaq in a research note on Wednesday, April 3rd. They issued a “buy” rating on the stock. Argus lifted their target price on Nasdaq from $64.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Finally, Morgan Stanley raised shares of Nasdaq from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $59.00 to $80.00 in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.25.

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.