Nasdaq, Inc. $NDAQ Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC grew its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 48.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,699 shares of the financial services provider’s stock after purchasing an additional 14,502 shares during the quarter. NEOS Investment Management LLC’s holdings in Nasdaq were worth $3,954,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Front Row Advisors LLC purchased a new position in shares of Nasdaq in the 2nd quarter valued at $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in Nasdaq in the second quarter valued at $27,000. Tripletail Wealth Management LLC purchased a new position in shares of Nasdaq during the third quarter worth about $27,000. Access Investment Management LLC acquired a new stake in shares of Nasdaq during the second quarter worth about $28,000. Finally, Westside Investment Management Inc. lifted its holdings in shares of Nasdaq by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 318 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 159 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Buying and Selling

In related news, CEO Adena T. Friedman sold 300,000 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $96.39, for a total value of $28,917,000.00. Following the sale, the chief executive officer owned 1,924,903 shares of the company’s stock, valued at approximately $185,541,400.17. This trade represents a 13.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John Zecca sold 4,500 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $100.01, for a total value of $450,045.00. Following the transaction, the executive vice president owned 125,674 shares of the company’s stock, valued at approximately $12,568,656.74. The trade was a 3.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 604,500 shares of company stock valued at $58,440,045. 0.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Nasdaq in a research report on Friday, January 9th. Argus upgraded shares of Nasdaq to a “strong-buy” rating in a report on Wednesday, February 11th. Barclays reaffirmed an “overweight” rating and issued a $115.00 target price (up previously from $114.00) on shares of Nasdaq in a research note on Friday, January 30th. Morgan Stanley set a $116.00 price objective on shares of Nasdaq and gave the company an “overweight” rating in a research report on Friday, January 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Nasdaq from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $103.13.

Nasdaq Stock Down 0.9%

NASDAQ:NDAQ opened at $81.41 on Friday. The company has a market capitalization of $46.28 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 1.35 and a beta of 1.02. The stock has a 50-day simple moving average of $93.99 and a 200 day simple moving average of $91.80. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. Nasdaq, Inc. has a one year low of $64.84 and a one year high of $101.79.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, January 29th. The financial services provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. Nasdaq had a net margin of 21.77% and a return on equity of 16.90%. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the company earned $0.76 earnings per share. The firm’s revenue was up 13.4% compared to the same quarter last year. Sell-side analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.08 dividend on an annualized basis and a yield of 1.3%. Nasdaq’s dividend payout ratio (DPR) is currently 34.95%.

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.