Susquehanna Fundamental Investments LLC Makes New Investment in Nasdaq, Inc. $NDAQ

Susquehanna Fundamental Investments LLC acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 224,725 shares of the financial services provider’s stock, valued at approximately $17,713,000.

Several other institutional investors have also added to or reduced their stakes in the company. Two Sigma Securities LLC acquired a new stake in shares of Nasdaq in the 2nd quarter valued at $1,615,000. Flputnam Investment Management Co. boosted its stake in Nasdaq by 1.6% in the second quarter. Flputnam Investment Management Co. now owns 27,254 shares of the financial services provider’s stock valued at $2,148,000 after buying an additional 420 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Nasdaq by 1.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 73,162 shares of the financial services provider’s stock valued at $5,767,000 after acquiring an additional 1,304 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Nasdaq by 4.8% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,884,101 shares of the financial services provider’s stock valued at $306,145,000 after acquiring an additional 177,114 shares during the last quarter. Finally, New Mexico Educational Retirement Board raised its stake in Nasdaq by 7.2% during the second quarter. New Mexico Educational Retirement Board now owns 22,384 shares of the financial services provider’s stock worth $1,764,000 after acquiring an additional 1,500 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of a number of research analyst reports. Barclays restated an “overweight” rating and issued a $111.00 price target (up from $108.00) on shares of Nasdaq in a research note on Friday, July 24th. Rothschild & Co Redburn set a $110.00 price objective on shares of Nasdaq in a research note on Thursday, June 11th. Morgan Stanley restated an “overweight” rating and issued a $120.00 target price on shares of Nasdaq in a research report on Friday, July 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nasdaq in a research note on Monday, July 20th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $113.00 price target (up from $111.00) on shares of Nasdaq in a report on Thursday, July 9th. Two investment 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 company. Based on data from MarketBeat, Nasdaq currently has an average rating of “Buy” and an average target price of $110.30.

Insider Buying and Selling at Nasdaq

In other news, EVP Bradley J. Peterson sold 13,000 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $92.61, for a total transaction of $1,203,930.00. Following the completion of the transaction, the executive vice president owned 128,293 shares of the company’s stock, valued at approximately $11,881,214.73. This trade represents a 9.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Ab Investor purchased 56,782 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were acquired at an average cost of $85.98 per share, with a total value of $4,882,116.36. Following the purchase, 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 disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders sold 41,797 shares of company stock worth $3,926,319. 0.60% of the stock is currently owned by company insiders.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $99.31 on Monday. The firm has a market capitalization of $55.51 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 1.32 and a beta of 0.96. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The business’s 50-day moving average price is $91.20 and its 200-day moving average price is $88.42. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.09. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The firm’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 earnings per share. Equities research analysts forecast that Nasdaq, Inc. will post 4.15 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, September 11th. Nasdaq’s payout ratio is presently 36.15%.

Nasdaq Company 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.