Eurizon Capital SGR S.p.A. Acquires Shares of 54,694 Nasdaq, Inc. $NDAQ

Eurizon Capital SGR S.p.A. acquired a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 54,694 shares of the financial services provider’s stock, valued at approximately $5,317,000.

Several other large investors have also bought and sold shares of the stock. NBC Securities Inc. lifted its stake in Nasdaq by 7.8% during the 4th quarter. NBC Securities Inc. now owns 1,529 shares of the financial services provider’s stock valued at $149,000 after acquiring an additional 111 shares in the last quarter. ORG Wealth Partners LLC lifted its stake in Nasdaq by 6.9% during the 4th quarter. ORG Wealth Partners LLC now owns 1,746 shares of the financial services provider’s stock valued at $170,000 after acquiring an additional 112 shares in the last quarter. Independent Advisor Alliance lifted its stake in Nasdaq by 2.6% during the 4th quarter. Independent Advisor Alliance now owns 4,574 shares of the financial services provider’s stock valued at $444,000 after acquiring an additional 117 shares in the last quarter. Orgel Wealth Management LLC lifted its stake in Nasdaq by 4.7% during the 4th quarter. Orgel Wealth Management LLC now owns 2,623 shares of the financial services provider’s stock valued at $255,000 after acquiring an additional 118 shares in the last quarter. Finally, Frank Rimerman Advisors LLC lifted its stake in Nasdaq by 1.5% during the 4th quarter. Frank Rimerman Advisors LLC now owns 8,560 shares of the financial services provider’s stock valued at $831,000 after acquiring an additional 128 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NDAQ shares. Keefe, Bruyette & Woods lifted their target price on Nasdaq from $92.00 to $97.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Barclays lifted their target price on Nasdaq from $115.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Raymond James Financial reiterated an “outperform” rating and set a $109.00 target price on shares of Nasdaq in a research note on Wednesday, February 25th. Loop Capital set a $113.00 target price on Nasdaq in a research note on Friday, April 24th. Finally, Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.15.

Nasdaq Stock Up 0.3%

Shares of NASDAQ NDAQ opened at $92.81 on Tuesday. Nasdaq, Inc. has a 12 month low of $77.09 and a 12 month high of $101.79. 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 firm has a market capitalization of $52.49 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 1.85 and a beta of 0.97. The business has a 50-day moving average of $88.32 and a 200-day moving average of $90.08.

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

Nasdaq Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be paid a $0.31 dividend. This is an increase from Nasdaq’s previous quarterly dividend of $0.27. This represents a $1.24 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, June 12th. Nasdaq’s payout ratio is currently 32.53%.

Insider Transactions at Nasdaq

In other Nasdaq news, CEO Adena T. Friedman sold 113,611 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was 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 owned 1,965,751 shares of the company’s stock, valued at $167,953,765.44. This represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Michelle Lynn Daly sold 1,323 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $88.82, for a total value of $117,508.86. Following the completion of the sale, the senior vice president directly owned 10,089 shares of the company’s stock, valued at approximately $896,104.98. This represents a 11.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 231,002 shares of company stock worth $20,295,941 in the last three months. Corporate insiders own 0.60% of the company’s stock.

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.