Segall Bryant & Hamill LLC Has $4.24 Million Holdings in Nasdaq, Inc. $NDAQ

Segall Bryant & Hamill LLC decreased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 12.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,997 shares of the financial services provider’s stock after selling 7,076 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Nasdaq were worth $4,244,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Empowered Funds LLC raised its position in shares of Nasdaq by 3.8% during the 1st quarter. Empowered Funds LLC now owns 14,574 shares of the financial services provider’s stock valued at $1,106,000 after acquiring an additional 538 shares during the last quarter. Woodline Partners LP boosted its position in shares of Nasdaq by 40.7% in the 1st quarter. Woodline Partners LP now owns 34,962 shares of the financial services provider’s stock worth $2,652,000 after purchasing an additional 10,110 shares during the last quarter. Focus Partners Wealth boosted its position in shares of Nasdaq by 22.0% in the 1st quarter. Focus Partners Wealth now owns 14,351 shares of the financial services provider’s stock worth $1,089,000 after purchasing an additional 2,584 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Nasdaq by 345.5% during the first quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 463 shares during the period. Finally, Guggenheim Capital LLC grew its stake in shares of Nasdaq by 4.4% during the second quarter. Guggenheim Capital LLC now owns 11,386 shares of the financial services provider’s stock worth $1,018,000 after purchasing an additional 481 shares during the period. 72.47% of the stock is owned by institutional investors.

Insider Activity at Nasdaq

In related news, EVP Bradley J. Peterson sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $92.61, for a total value of $1,203,930.00. Following the completion of the transaction, the executive vice president directly owned 128,293 shares in the company, valued at approximately $11,881,214.73. The trade was a 9.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Pc Nelson Griggs sold 11,010 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total value of $1,060,813.50. Following the sale, the insider directly owned 205,001 shares of the company’s stock, valued at approximately $19,751,846.35. The trade was a 5.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 41,797 shares of company stock worth $3,926,319. 0.60% of the stock is owned by company insiders.

Nasdaq Stock Performance

Shares of Nasdaq stock opened at $94.14 on Tuesday. The company has a market capitalization of $52.62 billion, a PE ratio of 27.45, a PEG ratio of 1.28 and a beta of 0.96. Nasdaq, Inc. has a 12 month low of $76.55 and a 12 month high of $101.79. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The stock’s fifty day simple moving average is $87.87 and its 200 day simple moving average is $88.25.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. The company’s revenue was up 14.9% on a year-over-year basis. On average, research analysts predict that Nasdaq, Inc. will post 4.13 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, September 11th. Nasdaq’s payout ratio is 36.15%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Zacks Research raised Nasdaq from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Barclays reaffirmed an “overweight” rating and issued a $111.00 price target (up from $108.00) on shares of Nasdaq in a research note on Friday, July 24th. TD Cowen reiterated a “buy” rating and issued a $105.00 price target (up from $101.00) on shares of Nasdaq in a research report on Monday, July 20th. Finally, Loop Capital set a $113.00 price objective on shares of Nasdaq in a research note on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $110.30.

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.