Ibex Wealth Advisors Boosts Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Ibex Wealth Advisors raised its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 2.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 97,180 shares of the financial services provider’s stock after buying an additional 2,719 shares during the period. Nasdaq accounts for 1.4% of Ibex Wealth Advisors’ investment portfolio, making the stock its 29th biggest holding. Ibex Wealth Advisors’ holdings in Nasdaq were worth $5,313,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NDAQ. EverSource Wealth Advisors LLC increased its stake in Nasdaq by 51.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 569 shares of the financial services provider’s stock valued at $31,000 after buying an additional 193 shares during the last quarter. Harbour Investments Inc. increased its stake in shares of Nasdaq by 250.6% during the 4th quarter. Harbour Investments Inc. now owns 547 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 391 shares during the last quarter. Clear Street Markets LLC increased its stake in shares of Nasdaq by 93.9% during the 1st quarter. Clear Street Markets LLC now owns 665 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 322 shares during the last quarter. Tucker Asset Management LLC purchased a new stake in shares of Nasdaq during the 1st quarter worth approximately $47,000. Finally, Tradition Wealth Management LLC purchased a new stake in shares of Nasdaq during the 1st quarter worth approximately $56,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Transactions at Nasdaq

In other Nasdaq news, CEO Adena T. Friedman bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were bought at an average price of $51.00 per share, for a total transaction of $510,000.00. Following the transaction, the chief executive officer now directly owns 1,672,318 shares in the company, valued at $85,288,218. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Steven D. Black acquired 4,000 shares of the firm’s stock in a transaction on Tuesday, June 13th. The shares were purchased at an average price of $51.46 per share, for a total transaction of $205,840.00. Following the completion of the transaction, the director now owns 144,469 shares of the company’s stock, valued at $7,434,374.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Adena T. Friedman acquired 10,000 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was purchased at an average price of $51.00 per share, for a total transaction of $510,000.00. Following the transaction, the chief executive officer now directly owns 1,672,318 shares of the company’s stock, valued at approximately $85,288,218. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 14,500 shares of company stock valued at $740,540. Insiders own 0.75% of the company’s stock.

Nasdaq Stock Down 0.4 %

Shares of NASDAQ:NDAQ opened at $51.43 on Friday. The firm has a fifty day moving average price of $50.90 and a two-hundred day moving average price of $53.05. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.60 and a quick ratio of 1.60. Nasdaq, Inc. has a one year low of $48.65 and a one year high of $69.22. The company has a market cap of $25.27 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 5.33 and a beta of 0.91.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.66 by $0.05. Nasdaq had a net margin of 18.08% and a return on equity of 21.92%. The firm had revenue of $925.00 million during the quarter, compared to the consensus estimate of $914.85 million. During the same period last year, the firm earned $0.69 EPS. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. Analysts anticipate that Nasdaq, Inc. will post 2.74 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Thursday, September 14th. Nasdaq’s dividend payout ratio is currently 39.64%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NDAQ shares. Bank of America decreased their price target on shares of Nasdaq from $53.00 to $51.00 in a research note on Tuesday, June 13th. Rosenblatt Securities restated a “buy” rating and set a $82.00 price target on shares of Nasdaq in a research note on Thursday, July 20th. StockNews.com lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Nasdaq from $56.00 to $53.00 in a research note on Tuesday, June 13th. Finally, UBS Group decreased their price target on shares of Nasdaq from $62.00 to $56.00 in a research note on Tuesday, June 13th. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Nasdaq has an average rating of “Hold” and an average target price of $61.67.

Nasdaq Company Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Market Platforms, Capital Access Platforms, and Anti-Financial Crime. The Market Platforms segment trading services, including equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and trade management service businesses.