OMERS ADMINISTRATION Corp Purchases New Holdings in Nasdaq, Inc. $NDAQ

OMERS ADMINISTRATION Corp acquired a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 20,457 shares of the financial services provider’s stock, valued at approximately $1,612,000.

Other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC boosted its stake in 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 lifted its position in shares of Nasdaq by 40.7% during the first 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 grew its stake in Nasdaq by 22.0% in the first 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 in the last quarter. Geneos Wealth Management Inc. increased its holdings in Nasdaq by 345.5% in the first quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock valued at $45,000 after buying an additional 463 shares during the last quarter. Finally, Guggenheim Capital LLC raised its stake in Nasdaq by 4.4% during the second quarter. Guggenheim Capital LLC now owns 11,386 shares of the financial services provider’s stock valued at $1,018,000 after buying an additional 481 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Nasdaq

In related news, major shareholder Ab Investor bought 56,782 shares of the stock in a transaction on Thursday, June 11th. The shares were purchased at an average price of $85.98 per share, with a total value of $4,882,116.36. Following the purchase, the insider owned 58,439,208 shares in the company, valued at approximately $5,024,603,103.84. This represents a 0.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Pc Nelson Griggs sold 11,010 shares of the firm’s 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 directly owned 205,001 shares in the company, 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 have sold a total of 41,797 shares of company stock worth $3,926,319 over the last ninety days. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NDAQ shares. Rothschild & Co Redburn set a $110.00 price target on Nasdaq in a report on Thursday, June 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Nasdaq in a research note on Monday, July 20th. Wall Street Zen upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Raymond James Financial reaffirmed an “outperform” rating and set a $113.00 price objective (up from $111.00) on shares of Nasdaq in a research report on Thursday, July 9th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $120.00 price target on shares of Nasdaq in a research report on Friday, July 24th. Two equities research 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 MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $110.30.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $99.47 on Thursday. Nasdaq, Inc. has a 12-month low of $76.55 and a 12-month high of $101.79. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $55.60 billion, a price-to-earnings ratio of 29.00, a price-to-earnings-growth ratio of 1.31 and a beta of 0.97. The business has a 50 day simple moving average of $90.52 and a 200 day simple moving average of $88.22.

Nasdaq (NASDAQ:NDAQ) last announced its 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. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, equities research analysts anticipate that Nasdaq, Inc. will post 4.15 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, September 11th. Nasdaq’s payout ratio is currently 36.15%.

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.