Landscape Capital Management L.L.C. Makes New Investment in Nasdaq, Inc. $NDAQ

Landscape Capital Management L.L.C. purchased a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,333 shares of the financial services provider’s stock, valued at approximately $1,392,000.

Several other institutional investors have also modified their holdings of the business. Dockside LLC acquired a new position in shares of Nasdaq in the fourth quarter worth $5,414,000. Eventide Asset Management LLC grew its stake in shares of Nasdaq by 4.8% in the fourth quarter. Eventide Asset Management LLC now owns 707,048 shares of the financial services provider’s stock worth $68,812,000 after acquiring an additional 32,406 shares in the last quarter. Evelyn Partners Investment Management Europe Ltd grew its stake in shares of Nasdaq by 1.9% in the fourth quarter. Evelyn Partners Investment Management Europe Ltd now owns 18,535 shares of the financial services provider’s stock worth $1,800,000 after acquiring an additional 338 shares in the last quarter. Evelyn Partners Investment Management LLP grew its stake in shares of Nasdaq by 3.3% in the fourth quarter. Evelyn Partners Investment Management LLP now owns 430,244 shares of the financial services provider’s stock worth $41,790,000 after acquiring an additional 13,908 shares in the last quarter. Finally, Blue Jean Financial LLC acquired a new position in shares of Nasdaq in the fourth quarter worth $1,905,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Price Performance

Nasdaq stock opened at $91.04 on Tuesday. Nasdaq, Inc. has a 12-month low of $77.09 and a 12-month high of $101.79. The stock has a market cap of $51.49 billion, a P/E ratio of 27.42, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. 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 company has a fifty day simple moving average of $88.96 and a 200-day simple moving average of $90.12.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. Nasdaq had a net margin of 23.15% and a return on equity of 17.51%. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the company earned $0.79 earnings per share. Nasdaq’s quarterly revenue was up 13.7% compared to the same quarter last year. Equities analysts expect that Nasdaq, Inc. will post 3.86 EPS for the current fiscal year.

Nasdaq Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.4%. This is a boost from Nasdaq’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, June 12th. Nasdaq’s dividend payout ratio is presently 37.35%.

Wall Street Analyst Weigh In

Several research firms have commented on NDAQ. TD Cowen upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their price target for the stock from $105.00 to $106.00 in a research note on Thursday, February 26th. Raymond James Financial restated an “outperform” rating and issued a $109.00 price target on shares of Nasdaq in a research note on Wednesday, February 25th. Loop Capital set a $113.00 price objective on shares of Nasdaq in a research report on Friday, April 24th. Wall Street Zen raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nasdaq in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $107.36.

Insider Transactions at Nasdaq

In related news, CEO Adena T. Friedman sold 113,611 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $85.44, for a total value of $9,706,923.84. Following the completion of the sale, the chief executive officer directly owned 1,965,751 shares of the company’s stock, valued at $167,953,765.44. The trade was a 5.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Ab Investor purchased 56,782 shares of Nasdaq stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average cost of $85.98 per share, with a total value of $4,882,116.36. Following the completion of the transaction, the insider owned 58,439,208 shares of the company’s stock, valued at $5,024,603,103.84. The trade was a 0.10% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold 138,162 shares of company stock valued at $11,932,913 over the last quarter. 0.60% of the stock is owned by corporate 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.