Lombard Odier Asset Management Europe Ltd Increases Stock Holdings in Nasdaq, Inc. $NDAQ

Lombard Odier Asset Management Europe Ltd grew its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 31.4% during the first quarter, Holdings Channel reports. The firm owned 47,298 shares of the financial services provider’s stock after purchasing an additional 11,298 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Nasdaq were worth $4,015,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Empowered Funds LLC boosted its holdings in shares of Nasdaq by 3.8% in the 1st 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 lifted its position in Nasdaq by 40.7% in the first 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 last quarter. Focus Partners Wealth lifted its position in Nasdaq by 22.0% in the first quarter. Focus Partners Wealth now owns 14,351 shares of the financial services provider’s stock valued at $1,089,000 after acquiring an additional 2,584 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake 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 acquiring an additional 463 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its stake in Nasdaq by 4.4% in the second quarter. Guggenheim Capital LLC now owns 11,386 shares of the financial services provider’s stock valued at $1,018,000 after acquiring an additional 481 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq News Summary

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Nasdaq delivered a solid Q2 beat on both earnings and revenue, with strong growth in index and FinTech driving better-than-expected results and record Market Services performance. Article Title
• Positive Sentiment: The company announced a quarterly dividend of $0.31 per share, which may appeal to income-focused investors and signals continued shareholder returns. Article Title
• Positive Sentiment: Keefe, Bruyette & Woods lifted its price target to $102, indicating improved valuation expectations even though the rating remained market perform. Article Title
• Neutral Sentiment: Nasdaq’s July short-interest report showed 0 shares short and a 0.0-day days-to-cover figure, which appears more like a data anomaly than a meaningful trading signal. Article Title
• Neutral Sentiment: The company also ended its Miami case and sold its fund secondaries business, a portfolio move that may be viewed as strategic housekeeping rather than a major earnings driver. Article Title

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NDAQ shares. Raymond James Financial reaffirmed an “outperform” rating and set a $113.00 price objective (up from $111.00) on shares of Nasdaq in a report on Thursday, July 9th. Rothschild & Co Redburn set a $110.00 target price on Nasdaq in a research report on Thursday, June 11th. Weiss Ratings restated a “buy (b)” rating on shares of Nasdaq in a research note on Monday, July 20th. TD Cowen reaffirmed a “buy” rating and set a $105.00 price target (up from $101.00) on shares of Nasdaq in a research report on Monday, July 20th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $120.00 price target on shares of Nasdaq in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $109.73.

Nasdaq Trading Up 1.8%

Shares of Nasdaq stock opened at $92.09 on Friday. Nasdaq, Inc. has a 1 year low of $76.55 and a 1 year high of $101.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. The company has a market capitalization of $52.08 billion, a P/E ratio of 26.85, a PEG ratio of 1.47 and a beta of 0.99. The company’s fifty day moving average is $87.43 and its two-hundred day moving average is $88.52.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.09. The firm had revenue of $2.53 billion for 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%.Nasdaq’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 earnings per share. Analysts forecast that Nasdaq, Inc. will post 4.03 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, September 11th. Nasdaq’s payout ratio is presently 37.35%.

Insider Transactions at Nasdaq

In other news, insider Cohen Tal sold 15,518 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $90.75, for a total transaction of $1,408,258.50. Following the transaction, the insider directly owned 215,208 shares of the company’s stock, valued at $19,530,126. This represents a 6.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Ab Investor purchased 56,782 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was bought at an average price of $85.98 per share, with a total value of $4,882,116.36. Following the acquisition, the insider directly 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. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.60% of the company’s stock.

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.