Roman Butler Fullerton & Co. Makes New $1.85 Million Investment in Nasdaq, Inc. $NDAQ

Roman Butler Fullerton & Co. acquired a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 20,747 shares of the financial services provider’s stock, valued at approximately $1,851,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. MV Capital Management Inc. bought a new position in shares of Nasdaq during the 4th quarter worth approximately $28,000. Nemes Rush Group LLC bought a new stake in Nasdaq in the fourth quarter valued at $35,000. Uniplan Investment Counsel Inc. acquired a new position in Nasdaq during the fourth quarter worth $35,000. Fideuram Asset Management Ireland dac bought a new position in shares of Nasdaq during the fourth quarter valued at $37,000. Finally, Signature Equity Partners LLC boosted its stake in shares of Nasdaq by 60.3% in the 1st quarter. Signature Equity Partners LLC now owns 473 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 178 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $113.00 price objective (up from $111.00) on shares of Nasdaq in a report on Thursday, July 9th. Loop Capital set a $113.00 price target on Nasdaq in a research report on Friday, April 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Nasdaq in a research report on Monday, July 20th. Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, Barclays restated an “overweight” rating and issued a $111.00 target price (up from $108.00) on shares of Nasdaq in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Nasdaq has an average rating of “Buy” and an average price target of $110.30.

Insider Activity at Nasdaq

In other news, major shareholder Ab Investor acquired 56,782 shares of Nasdaq stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average price of $85.98 per share, with a total value of $4,882,116.36. Following the purchase, the insider directly owned 58,439,208 shares of the company’s stock, valued at $5,024,603,103.84. The trade was a 0.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bradley J. Peterson sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $92.61, for a total transaction of $1,203,930.00. Following the transaction, the executive vice president owned 128,293 shares of the company’s stock, valued at approximately $11,881,214.73. This represents a 9.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 41,797 shares of company stock worth $3,926,319 in the last ninety days. Company insiders own 0.60% of the company’s stock.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ opened at $97.02 on Monday. Nasdaq, Inc. has a fifty-two week low of $76.55 and a fifty-two week high of $101.79. The firm has a market capitalization of $54.23 billion, a P/E ratio of 28.29, a P/E/G ratio of 1.31 and a beta of 0.97. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01. The company’s 50 day simple moving average is $88.87 and its 200 day simple moving average is $88.00.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.09. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $1.46 billion. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 EPS. On average, analysts predict that Nasdaq, Inc. will post 4.15 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, September 11th. Nasdaq’s payout ratio is presently 36.15%.

About Nasdaq

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.