Cibc World Market Inc. Purchases Shares of 27,510 Nasdaq, Inc. $NDAQ

Cibc World Market Inc. purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 27,510 shares of the financial services provider’s stock, valued at approximately $2,168,000.

A number of other institutional investors have also made changes to their positions in the business. NBC Securities Inc. boosted its stake in Nasdaq by 7.8% during the 4th quarter. NBC Securities Inc. now owns 1,529 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 111 shares during the period. Independent Advisor Alliance grew its holdings in Nasdaq by 2.6% in the 4th quarter. Independent Advisor Alliance now owns 4,574 shares of the financial services provider’s stock valued at $444,000 after buying an additional 117 shares during the last quarter. Quantum Portfolio Management LLC increased its position in Nasdaq by 1.8% in the 1st quarter. Quantum Portfolio Management LLC now owns 7,144 shares of the financial services provider’s stock worth $606,000 after buying an additional 123 shares during the period. Avidian Wealth Enterprises LLC increased its position in Nasdaq by 5.2% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 2,713 shares of the financial services provider’s stock worth $264,000 after buying an additional 133 shares during the period. Finally, Fielder Capital Group LLC lifted its holdings in shares of Nasdaq by 3.1% during the fourth quarter. Fielder Capital Group LLC now owns 4,571 shares of the financial services provider’s stock worth $444,000 after buying an additional 137 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NDAQ has been the subject of several research reports. Keefe, Bruyette & Woods increased their price objective on Nasdaq from $92.00 to $102.00 and gave the company a “market perform” rating in a research report on Friday, July 24th. TD Cowen reaffirmed a “buy” rating and set a $105.00 target price (up from $101.00) on shares of Nasdaq in a research report on Monday, July 20th. Wall Street Zen upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Morgan Stanley reiterated an “overweight” rating and set a $120.00 target price on shares of Nasdaq in a research note on Friday, July 24th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Nasdaq in a report on Monday, July 20th. Two 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $110.30.

Insiders Place Their Bets

In other Nasdaq news, EVP Bradley J. Peterson sold 13,000 shares of Nasdaq stock in a transaction on Friday, July 24th. The stock was 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 approximately $11,881,214.73. This trade represents a 9.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Pc Nelson Griggs sold 11,010 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $96.35, for a total transaction of $1,060,813.50. Following the completion of the sale, the insider owned 205,001 shares in the company, valued at $19,751,846.35. This represents a 5.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 41,797 shares of company stock worth $3,926,319 over the last three months. 0.60% of the stock is currently owned by corporate insiders.

Nasdaq Stock Up 0.7%

Shares of NDAQ opened at $99.47 on Thursday. The stock has a market cap of $55.60 billion, a price-to-earnings ratio of 29.00, a P/E/G ratio of 1.31 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. Nasdaq, Inc. has a 12 month low of $76.55 and a 12 month high of $101.79. The company has a 50-day moving average price of $90.52 and a two-hundred day moving average price of $88.22.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data 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 company’s revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 EPS. Equities analysts predict that Nasdaq, Inc. will post 4.15 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, September 11th. Nasdaq’s dividend payout ratio is currently 36.15%.

Nasdaq 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.