OneDigital Investment Advisors LLC Acquires New Position in Nasdaq, Inc. $NDAQ

OneDigital Investment Advisors LLC acquired a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the second quarter, HoldingsChannel.com reports. The firm acquired 5,810 shares of the financial services provider’s stock, valued at approximately $458,000.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Nasdaq by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 59,916,887 shares of the financial services provider’s stock valued at $5,819,727,000 after buying an additional 268,481 shares during the last quarter. State Street Corp increased its position in shares of Nasdaq by 1.3% during the fourth quarter. State Street Corp now owns 19,878,600 shares of the financial services provider’s stock valued at $1,930,808,000 after acquiring an additional 259,408 shares in the last quarter. Geode Capital Management LLC raised its holdings in Nasdaq by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 12,851,894 shares of the financial services provider’s stock worth $1,243,807,000 after acquiring an additional 378,577 shares during the last quarter. Morgan Stanley raised its holdings in Nasdaq by 62.6% in the 4th quarter. Morgan Stanley now owns 9,266,562 shares of the financial services provider’s stock worth $900,061,000 after acquiring an additional 3,567,843 shares during the last quarter. Finally, Harris Associates L P lifted its position in Nasdaq by 46.0% in the 4th quarter. Harris Associates L P now owns 8,621,689 shares of the financial services provider’s stock valued at $837,425,000 after acquiring an additional 2,716,280 shares in the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Nasdaq Trading Down 0.4%

Shares of NDAQ stock opened at $96.35 on Thursday. The stock has a market capitalization of $53.86 billion, a P/E ratio of 28.09, a P/E/G ratio of 1.30 and a beta of 0.97. 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 firm’s 50 day moving average is $89.45 and its 200 day moving average is $87.96. Nasdaq, Inc. has a 12-month low of $76.55 and a 12-month 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 firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations 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 firm earned $0.85 EPS. Research analysts expect that Nasdaq, Inc. will post 4.15 earnings per share for the current year.

Nasdaq Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have commented on NDAQ shares. 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. Raymond James Financial restated an “outperform” rating and issued a $113.00 price target (up from $111.00) on shares of Nasdaq in a research note on Thursday, July 9th. 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. Zacks Research raised Nasdaq from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Nasdaq in a report on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $110.30.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, insider Pc Nelson Griggs sold 11,010 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was 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 directly owned 205,001 shares in the company, valued at $19,751,846.35. The trade was a 5.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Ab Investor purchased 56,782 shares of Nasdaq stock in a transaction dated Thursday, June 11th. The shares were acquired at an average cost of $85.98 per share, with a total value of $4,882,116.36. Following the transaction, the insider directly owned 58,439,208 shares in the company, valued at approximately $5,024,603,103.84. The trade was a 0.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have sold 41,797 shares of company stock valued at $3,926,319. 0.60% of the stock is owned by company insiders.

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.