Osmosis Investment Management UK Ltd Invests $1.32 Million in Nasdaq, Inc. $NDAQ

Osmosis Investment Management UK Ltd purchased a new position in Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, Holdings Channel reports. The fund purchased 16,779 shares of the financial services provider’s stock, valued at approximately $1,323,000.

Several other institutional investors also recently added to or reduced their stakes in NDAQ. Legal & General Group Plc boosted its stake in Nasdaq by 1.6% in the fourth quarter. Legal & General Group Plc now owns 2,855,235 shares of the financial services provider’s stock valued at $277,329,000 after acquiring an additional 45,783 shares during the last quarter. M&T Bank Corp increased its stake in shares of Nasdaq by 27.5% during the 4th quarter. M&T Bank Corp now owns 61,076 shares of the financial services provider’s stock worth $5,933,000 after purchasing an additional 13,160 shares during the last quarter. MKP Capital Management L.L.C. purchased a new stake in shares of Nasdaq during the 4th quarter worth approximately $33,996,000. AlphaCore Capital LLC purchased a new stake in shares of Nasdaq during the 4th quarter worth approximately $1,245,000. Finally, Advisors Preferred LLC bought a new stake in shares of Nasdaq in the 4th quarter worth approximately $4,872,000. Institutional investors own 72.47% of the company’s stock.

Insiders Place Their Bets

In related news, insider Pc Nelson Griggs sold 11,010 shares of the business’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 sale, the insider directly owned 205,001 shares in the company, valued at approximately $19,751,846.35. The trade was a 5.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 bought at an average cost of $85.98 per share, for a total transaction of $4,882,116.36. Following the acquisition, the insider directly owned 58,439,208 shares in the company, valued at $5,024,603,103.84. This represents a 0.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 41,797 shares of company stock worth $3,926,319 over the last 90 days. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on NDAQ shares. Zacks Research upgraded Nasdaq from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Morgan Stanley reissued an “overweight” rating and issued a $120.00 target price on shares of Nasdaq in a research report on Friday, July 24th. Keefe, Bruyette & Woods boosted their target price on Nasdaq from $92.00 to $102.00 and gave the company a “market perform” rating in a research note on Friday, July 24th. Barclays reaffirmed an “overweight” rating and set a $111.00 price target (up from $108.00) on shares of Nasdaq in a research report on Friday, July 24th. Finally, TD Cowen reiterated a “buy” rating and set a $105.00 price target (up from $101.00) on shares of Nasdaq in a research note on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $110.30.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $98.79 on Tuesday. The firm has a market cap of $55.22 billion, a P/E ratio of 28.80, a price-to-earnings-growth ratio of 1.30 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. The company’s 50 day moving average is $90.00 and its 200-day moving average is $88.05. Nasdaq, Inc. has a 12-month low of $76.55 and a 12-month high of $101.79.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data 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. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the firm earned $0.85 EPS. Nasdaq’s revenue for the quarter was up 14.9% on a year-over-year basis. Sell-side analysts predict that Nasdaq, Inc. will post 4.15 earnings per share for the current year.

Nasdaq Announces Dividend

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. 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 is currently 36.15%.

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.