Entropy Technologies LP Has $4.28 Million Stock Holdings in Nasdaq, Inc. $NDAQ

Entropy Technologies LP lifted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 749.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,431 shares of the financial services provider’s stock after purchasing an additional 42,731 shares during the quarter. Entropy Technologies LP’s holdings in Nasdaq were worth $4,284,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Front Row Advisors LLC bought a new stake in shares of Nasdaq in the 2nd quarter valued at $25,000. Twin Peaks Wealth Advisors LLC bought a new position in Nasdaq during the second quarter worth about $27,000. Tripletail Wealth Management LLC acquired a new position in Nasdaq in the third quarter valued at about $27,000. Westside Investment Management Inc. increased its holdings in shares of Nasdaq by 100.0% in the third quarter. Westside Investment Management Inc. now owns 318 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 159 shares in the last quarter. Finally, West Branch Capital LLC bought a new stake in shares of Nasdaq in the third quarter worth about $29,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Down 1.7%

NASDAQ:NDAQ opened at $84.06 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $47.78 billion, a PE ratio of 27.20, a PEG ratio of 1.57 and a beta of 1.03. Nasdaq, Inc. has a 52-week low of $64.84 and a 52-week high of $101.79. The stock has a 50-day simple moving average of $90.85 and a 200 day simple moving average of $90.80.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, January 29th. The financial services provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. Nasdaq had a return on equity of 16.90% and a net margin of 21.77%.The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the previous year, the business posted $0.76 EPS. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, sell-side analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

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

Wall Street Analysts Forecast Growth

NDAQ has been the topic of several recent analyst reports. Argus upgraded Nasdaq to a “strong-buy” rating in a report on Wednesday, February 11th. Royal Bank Of Canada reissued an “outperform” rating and set a $108.00 target price on shares of Nasdaq in a research note on Friday, January 30th. Barclays restated an “overweight” rating and set a $115.00 target price (up from $114.00) on shares of Nasdaq in a report on Friday, January 30th. TD Cowen upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and upped their price target for the company from $105.00 to $106.00 in a report on Thursday, February 26th. Finally, Raymond James Financial reissued an “outperform” rating and set a $109.00 price objective on shares of Nasdaq in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Nasdaq has a consensus rating of “Buy” and an average target price of $103.80.

Insiders Place Their Bets

In related news, EVP John Zecca sold 4,500 shares of the stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $100.01, for a total transaction of $450,045.00. Following the completion of the transaction, the executive vice president owned 125,674 shares in the company, valued at approximately $12,568,656.74. This represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Adena T. Friedman sold 92,840 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $90.08, for a total transaction of $8,363,027.20. Following the completion of the transaction, the chief executive officer directly owned 2,079,323 shares of the company’s stock, valued at approximately $187,305,415.84. This trade represents a 4.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 697,340 shares of company stock worth $66,803,072. 0.70% 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.