Expressive Wealth LLC Purchases Shares of 5,150 Nasdaq, Inc. $NDAQ

Expressive Wealth LLC acquired a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,150 shares of the financial services provider’s stock, valued at approximately $406,000.

A number of other large investors have also recently made changes to their positions in the business. Keebeck Wealth Management bought a new stake in shares of Nasdaq during the second quarter worth about $2,345,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Nasdaq in the 2nd quarter worth about $37,000. OneAscent Investment Solutions LLC acquired a new stake in shares of Nasdaq in the 2nd quarter worth about $495,000. OneAscent Wealth Management LLC bought a new position in Nasdaq in the 2nd quarter valued at about $271,000. Finally, OneAscent Family Office LLC bought a new position in Nasdaq in the 2nd quarter valued at about $234,000. 72.47% of the stock is owned by institutional investors.

Insider Activity

In related news, major shareholder Ab Investor purchased 56,782 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average cost of $85.98 per share, with a total value of $4,882,116.36. Following the acquisition, the insider 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 acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Pc Nelson Griggs sold 11,010 shares of the stock in a transaction dated 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 transaction, the insider 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 position. The SEC filing for this sale provides additional information. Insiders sold a total of 41,797 shares of company stock valued at $3,926,319 in the last ninety days. 0.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on NDAQ shares. Weiss Ratings reissued a “buy (b)” rating on shares of Nasdaq in a report on Monday, July 20th. Raymond James Financial reaffirmed an “outperform” rating and set a $113.00 target price (up from $111.00) on shares of Nasdaq in a research report on Thursday, July 9th. Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Morgan Stanley reissued an “overweight” rating and issued a $120.00 price target on shares of Nasdaq in a research report on Friday, July 24th. Finally, Barclays restated an “overweight” rating and set a $111.00 price objective (up from $108.00) on shares of Nasdaq in a research note on Friday, July 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’s stock. According to data from MarketBeat, Nasdaq has an average rating of “Buy” and a consensus target price of $110.30.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $98.22 on Friday. Nasdaq, Inc. has a twelve month low of $76.55 and a twelve month high of $101.79. The stock’s 50 day moving average price is $89.85 and its 200-day moving average price is $88.04. The company has a market capitalization of $54.90 billion, a PE ratio of 28.64, a PEG 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 (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.Nasdaq’s revenue was up 14.9% on a year-over-year basis. During the same period last year, the business posted $0.85 earnings per share. On average, equities analysts anticipate that Nasdaq, Inc. will post 4.15 EPS for the current year.

Nasdaq Announces Dividend

The firm 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 $0.31 dividend. 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%.

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.