27,130 Shares in Nasdaq, Inc. $NDAQ Purchased by NINE MASTS CAPITAL Ltd

NINE MASTS CAPITAL Ltd bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,130 shares of the financial services provider’s stock, valued at approximately $2,138,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. MV Capital Management Inc. acquired a new stake in shares of Nasdaq in the 4th quarter worth approximately $28,000. Nemes Rush Group LLC acquired a new position in shares of Nasdaq during the 4th quarter worth $35,000. Uniplan Investment Counsel Inc. acquired a new position in shares of Nasdaq during the 4th quarter worth $35,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Nasdaq in the 4th quarter worth about $37,000. Finally, Reflection Asset Management purchased a new stake in shares of Nasdaq in the 4th quarter worth about $41,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Price Performance

NASDAQ:NDAQ opened at $96.68 on Tuesday. Nasdaq, Inc. has a 12-month low of $76.55 and a 12-month high of $101.79. The firm has a market cap of $54.04 billion, a price-to-earnings ratio of 28.19, a price-to-earnings-growth ratio of 1.31 and a beta of 0.96. The company’s 50-day moving average is $89.07 and its two-hundred day moving average is $87.99. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71.

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, 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 net margin of 22.60% and a return on equity of 18.38%. Nasdaq’s revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.85 earnings per share. Research analysts expect 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. Stockholders 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 annualized dividend and a dividend yield of 1.3%. Nasdaq’s dividend payout ratio (DPR) is 36.15%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NDAQ. Morgan Stanley restated an “overweight” rating and set a $120.00 target price on shares of Nasdaq in a research report on Friday, July 24th. Barclays reiterated an “overweight” rating and issued a $111.00 price target (up from $108.00) on shares of Nasdaq in a research report on Friday, July 24th. Keefe, Bruyette & Woods lifted their price objective on Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a research report on Friday, July 24th. Raymond James Financial reaffirmed an “outperform” rating and issued a $113.00 target price (up from $111.00) on shares of Nasdaq in a research note on Thursday, July 9th. Finally, Loop Capital set a $113.00 target price on Nasdaq in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Nasdaq has an average rating of “Buy” and a consensus target price of $110.30.

Insider Transactions at Nasdaq

In other Nasdaq news, major shareholder Ab Investor bought 56,782 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average cost of $85.98 per share, for a total transaction of $4,882,116.36. Following the completion of the purchase, the insider owned 58,439,208 shares of the company’s stock, valued at $5,024,603,103.84. This trade represents a 0.10% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Pc Nelson Griggs sold 11,010 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total value of $1,060,813.50. Following the transaction, the insider owned 205,001 shares in the company, valued at $19,751,846.35. This trade represents a 5.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 41,797 shares of company stock worth $3,926,319 over the last quarter. 0.60% of the stock is currently owned by 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.