Hara Capital LLC Purchases New Stake in Nasdaq, Inc. $NDAQ

Hara Capital LLC purchased a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 8,250 shares of the financial services provider’s stock, valued at approximately $650,000.

A number of other large investors have also added to or reduced their stakes in the company. NBC Securities Inc. raised its stake in shares of Nasdaq by 7.8% during the fourth quarter. NBC Securities Inc. now owns 1,529 shares of the financial services provider’s stock valued at $149,000 after acquiring an additional 111 shares during the last quarter. Independent Advisor Alliance increased its holdings in Nasdaq by 2.6% during the 4th quarter. Independent Advisor Alliance now owns 4,574 shares of the financial services provider’s stock valued at $444,000 after purchasing an additional 117 shares during the period. Quantum Portfolio Management LLC increased its holdings in Nasdaq by 1.8% during the 1st quarter. Quantum Portfolio Management LLC now owns 7,144 shares of the financial services provider’s stock valued at $606,000 after purchasing an additional 123 shares during the period. Avidian Wealth Enterprises LLC raised its position in Nasdaq by 5.2% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 2,713 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 133 shares during the last quarter. Finally, Fielder Capital Group LLC raised its position in Nasdaq by 3.1% during the 4th quarter. Fielder Capital Group LLC now owns 4,571 shares of the financial services provider’s stock valued at $444,000 after purchasing an additional 137 shares during the last quarter. Institutional investors own 72.47% of the company’s stock.

Nasdaq Trading Up 1.2%

NDAQ opened at $97.55 on Friday. The stock has a market cap of $54.53 billion, a PE ratio of 28.44, a PEG ratio of 1.30 and a beta of 0.97. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The business has a 50 day moving average of $89.66 and a 200-day moving average of $87.96. Nasdaq, Inc. has a 52 week low of $76.55 and a 52 week high of $101.79.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.09. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The firm’s revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. Equities research analysts predict that Nasdaq, Inc. will post 4.15 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

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

Insider Transactions at Nasdaq

In related news, EVP Bradley J. Peterson sold 13,000 shares of Nasdaq stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 128,293 shares of the company’s stock, valued at $11,881,214.73. This trade represents a 9.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Ab Investor acquired 56,782 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average cost of $85.98 per share, for a total transaction 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. This represents a 0.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 41,797 shares of company stock valued at $3,926,319 in the last three months. 0.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NDAQ shares. Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Zacks Research upgraded Nasdaq from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Morgan Stanley reaffirmed an “overweight” rating and issued a $120.00 price target on shares of Nasdaq in a research note on Friday, July 24th. Barclays reiterated an “overweight” rating and issued a $111.00 price target (up from $108.00) on shares of Nasdaq in a report on Friday, July 24th. Finally, Loop Capital set a $113.00 price objective on shares of Nasdaq in a research report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $110.30.

Nasdaq Company Profile

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.