Ieq Capital LLC Takes Position in Nasdaq, Inc. $NDAQ

Ieq Capital LLC bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 129,736 shares of the financial services provider’s stock, valued at approximately $10,226,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MV Capital Management Inc. purchased a new position in Nasdaq during the 4th quarter valued at approximately $28,000. Nemes Rush Group LLC purchased a new position in Nasdaq in the fourth quarter worth about $35,000. Uniplan Investment Counsel Inc. bought a new stake in Nasdaq during the fourth quarter worth approximately $35,000. Fideuram Asset Management Ireland dac bought a new stake in Nasdaq during the fourth quarter worth approximately $37,000. Finally, Reflection Asset Management purchased a new stake in Nasdaq during the fourth quarter valued at approximately $41,000. 72.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. TD Cowen reiterated a “buy” rating and issued a $105.00 target price (up from $101.00) on shares of Nasdaq in a report on Monday, July 20th. Barclays restated an “overweight” rating and set a $111.00 price target (up from $108.00) on shares of Nasdaq in a report on Friday, July 24th. Morgan Stanley restated an “overweight” rating and issued a $120.00 price target on shares of Nasdaq in a research report on Friday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Nasdaq in a research report on Monday, July 20th. Finally, Zacks Research raised shares of Nasdaq from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Two equities 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 stock. According to data from MarketBeat.com, Nasdaq presently has a consensus rating of “Buy” and a consensus target price of $110.30.

Nasdaq Stock Performance

Nasdaq stock opened at $98.22 on Friday. 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 $54.90 billion, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 1.32 and a beta of 0.97. Nasdaq, Inc. has a 1-year low of $76.55 and a 1-year high of $101.79. The company’s 50-day moving average is $89.85 and its 200 day moving average is $88.04.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.09. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 earnings per share. Research analysts forecast 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. Investors of record on Friday, September 11th will be issued a dividend of $0.31 per share. The ex-dividend date is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. Nasdaq’s payout ratio is presently 36.15%.

Insider Activity at Nasdaq

In other Nasdaq news, major shareholder Ab Investor bought 56,782 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was acquired at an average cost of $85.98 per share, for a total transaction of $4,882,116.36. Following the completion of the transaction, the insider owned 58,439,208 shares in the company, valued at $5,024,603,103.84. This trade represents a 0.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Pc Nelson Griggs sold 11,010 shares of the business’s stock in a transaction on 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 sale, the insider directly owned 205,001 shares of the company’s stock, valued at $19,751,846.35. This represents a 5.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 41,797 shares of company stock worth $3,926,319 in the last quarter. 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.