Nasdaq, Inc. $NDAQ Shares Purchased by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd boosted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 31.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,298 shares of the financial services provider’s stock after buying an additional 11,298 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Nasdaq were worth $4,015,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NDAQ. Empowered Funds LLC increased its position in shares of Nasdaq by 3.8% in the first quarter. Empowered Funds LLC now owns 14,574 shares of the financial services provider’s stock valued at $1,106,000 after buying an additional 538 shares in the last quarter. Woodline Partners LP grew its stake in Nasdaq by 40.7% in the 1st quarter. Woodline Partners LP now owns 34,962 shares of the financial services provider’s stock valued at $2,652,000 after acquiring an additional 10,110 shares during the period. Focus Partners Wealth increased its holdings in Nasdaq by 22.0% in the 1st quarter. Focus Partners Wealth now owns 14,351 shares of the financial services provider’s stock worth $1,089,000 after acquiring an additional 2,584 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Nasdaq by 345.5% during the first quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 463 shares during the period. Finally, Guggenheim Capital LLC lifted its holdings 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 purchasing an additional 481 shares in the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Nasdaq news, major shareholder Ab Investor acquired 56,782 shares of the company’s stock in a transaction that occurred 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 completion of the acquisition, the insider directly owned 58,439,208 shares of the company’s stock, valued at approximately $5,024,603,103.84. The trade was a 0.10% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Pc Nelson Griggs sold 11,010 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was 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. This trade represents a 5.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 41,797 shares of company stock valued at $3,926,319 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Nasdaq Stock Performance

NDAQ opened at $94.19 on Monday. The firm has a market cap of $52.65 billion, a P/E ratio of 27.46, a P/E/G ratio of 1.28 and a beta of 0.96. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a 52 week low of $76.55 and a 52 week high of $101.79. The business has a fifty day simple moving average of $87.81 and a 200-day simple moving average of $88.29.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.98 by $0.09. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.Nasdaq’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 EPS. On average, equities analysts expect that Nasdaq, Inc. will post 4.13 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently declared 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 of this dividend is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.3%. Nasdaq’s dividend payout ratio (DPR) is currently 36.15%.

Analyst Ratings Changes

A number of brokerages recently weighed in on NDAQ. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nasdaq in a research note on Monday, July 20th. Barclays reissued an “overweight” rating and set a $111.00 target price (up from $108.00) on shares of Nasdaq in a report on Friday, July 24th. Rothschild & Co Redburn set a $110.00 price objective on Nasdaq in a research note on Thursday, June 11th. Wall Street Zen raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $113.00 target price (up from $111.00) on shares of Nasdaq in a research report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Nasdaq presently has an average rating of “Buy” and an average target price of $109.73.

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.