SpiderRock Advisors LLC Buys Shares of 3,669 Nasdaq, Inc. (NASDAQ:NDAQ)

SpiderRock Advisors LLC acquired a new position in Nasdaq, Inc. (NASDAQ:NDAQ) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,669 shares of the financial services provider’s stock, valued at approximately $221,000.

Other large investors have also modified their holdings of the company. Salem Investment Counselors Inc. grew its position in Nasdaq by 89.3% in the 1st quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock valued at $27,000 after buying an additional 201 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of Nasdaq during the 4th quarter valued at about $29,000. Allworth Financial LP boosted its position 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. Lindbrook Capital LLC boosted its position 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 purchasing an additional 553 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its position 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 purchasing an additional 1,007 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Performance

Shares of NASDAQ:NDAQ traded up $0.20 during trading on Friday, reaching $60.34. The stock had a trading volume of 362,397 shares, compared to its average volume of 2,860,921. Nasdaq, Inc. has a 52 week low of $46.88 and a 52 week high of $64.25. The firm has a market capitalization of $34.71 billion, a price-to-earnings ratio of 31.61, a P/E/G ratio of 3.26 and a beta of 0.94. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.90. The stock has a fifty day simple moving average of $60.21 and a two-hundred day simple moving average of $59.08.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.02). The company 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 company’s revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 EPS. As a group, analysts anticipate that Nasdaq, Inc. will post 2.68 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.24 dividend. This is an increase from Nasdaq’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.59%. Nasdaq’s dividend payout ratio (DPR) is presently 50.53%.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,036 shares of Nasdaq stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.89, for a total transaction of $181,826.04. Following the sale, 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 can be accessed through this link. 0.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

NDAQ has been the subject of several recent analyst reports. StockNews.com cut shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Keefe, Bruyette & Woods decreased their target price on shares of Nasdaq from $75.00 to $74.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Barclays decreased their target price on shares of Nasdaq from $76.00 to $73.00 and set an “overweight” rating for the company in a report on Friday, April 26th. The Goldman Sachs Group raised shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price target for the company in a research report on Tuesday, March 26th. Finally, Edward Jones initiated coverage on shares of Nasdaq in a research report on Wednesday, April 3rd. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Nasdaq has a consensus rating of “Moderate Buy” and an average price target of $67.00.

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.