Braun Stacey Associates Inc. Sells 14,632 Shares of Nasdaq, Inc. $NDAQ

Braun Stacey Associates Inc. lessened its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 3.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 361,027 shares of the financial services provider’s stock after selling 14,632 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Nasdaq were worth $30,648,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of NDAQ. GHP Investment Advisors Inc. boosted its holdings in Nasdaq by 4.9% during the 1st quarter. GHP Investment Advisors Inc. now owns 184,172 shares of the financial services provider’s stock valued at $15,634,000 after acquiring an additional 8,683 shares during the period. Aaron Wealth Advisors LLC purchased a new stake in Nasdaq in the first quarter worth $277,000. Louisiana State Employees Retirement System purchased a new stake in Nasdaq in the first quarter worth $1,944,000. First American Bank lifted its position in shares of Nasdaq by 4.8% during the first quarter. First American Bank now owns 36,805 shares of the financial services provider’s stock worth $3,124,000 after purchasing an additional 1,688 shares during the last quarter. Finally, Silver Oak Securities Incorporated bought a new stake in shares of Nasdaq during the first quarter worth $543,000. Institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Loop Capital set a $113.00 price target on shares of Nasdaq in a report on Friday, April 24th. Rothschild & Co Redburn set a $110.00 price objective on shares of Nasdaq in a report on Thursday, June 11th. Keefe, Bruyette & Woods boosted their price objective on shares of Nasdaq from $92.00 to $97.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Weiss Ratings restated a “buy (b)” rating on shares of Nasdaq in a research note on Wednesday, April 22nd. Finally, Barclays upped their target price on shares of Nasdaq from $115.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.79.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, major shareholder Ab Investor bought 56,782 shares of the business’s stock in a transaction 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 transaction, the insider owned 58,439,208 shares of the company’s stock, valued at approximately $5,024,603,103.84. This trade represents a 0.10% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Bradley J. Peterson sold 7,710 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $90.82, for a total transaction of $700,222.20. Following the completion of the sale, the executive vice president owned 141,035 shares of the company’s stock, valued at approximately $12,808,798.70. This represents a 5.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 138,162 shares of company stock worth $11,932,913. 0.60% of the stock is currently owned by company insiders.

Nasdaq Price Performance

Shares of NDAQ stock opened at $78.56 on Friday. Nasdaq, Inc. has a twelve month low of $77.09 and a twelve month high of $101.79. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The stock has a fifty day simple moving average of $88.21 and a two-hundred day simple moving average of $89.65. The stock has a market capitalization of $44.43 billion, a price-to-earnings ratio of 23.66, a P/E/G ratio of 1.57 and a beta of 0.97.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $1.42 billion. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 earnings per share. On average, analysts predict that Nasdaq, Inc. will post 3.87 EPS for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, June 12th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.27. Nasdaq’s dividend payout ratio (DPR) is currently 37.35%.

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.