8,064 Shares in Nasdaq, Inc. $NDAQ Acquired by Leonteq Securities AG

Leonteq Securities AG bought a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 8,064 shares of the financial services provider’s stock, valued at approximately $783,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. ABN Amro Investment Solutions bought a new stake in Nasdaq during the 4th quarter valued at $1,766,000. IFP Advisors Inc raised its position in Nasdaq by 1.8% during the 4th quarter. IFP Advisors Inc now owns 12,309 shares of the financial services provider’s stock valued at $1,196,000 after purchasing an additional 221 shares in the last quarter. Banque Cantonale Vaudoise raised its position in Nasdaq by 7.9% during the 4th quarter. Banque Cantonale Vaudoise now owns 26,285 shares of the financial services provider’s stock valued at $2,552,000 after purchasing an additional 1,928 shares in the last quarter. Covestor Ltd raised its position in Nasdaq by 14.8% during the 4th quarter. Covestor Ltd now owns 1,547 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 200 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Nasdaq by 5.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 239,319 shares of the financial services provider’s stock valued at $23,245,000 after purchasing an additional 13,288 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Adena T. Friedman sold 113,611 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $85.44, for a total transaction of $9,706,923.84. Following the transaction, the chief executive officer directly owned 1,965,751 shares in the company, valued at $167,953,765.44. The trade was a 5.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Michelle Lynn Daly sold 1,323 shares of the business’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $88.82, for a total value of $117,508.86. Following the transaction, the senior vice president owned 10,089 shares in the company, valued at approximately $896,104.98. This trade represents a 11.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 231,002 shares of company stock valued at $20,295,941 in the last 90 days. Corporate insiders own 0.60% of the company’s stock.

Nasdaq Trading Up 0.7%

NDAQ opened at $91.01 on Friday. The firm has a market cap of $51.47 billion, a price-to-earnings ratio of 27.41, a PEG ratio of 1.84 and a beta of 0.98. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a 12 month low of $77.09 and a 12 month high of $101.79. The stock has a fifty day moving average price of $87.62 and a 200-day moving average price of $89.86.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $1.42 billion. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.79 EPS. As a group, equities research analysts anticipate that Nasdaq, Inc. will post 3.86 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, June 12th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.27. Nasdaq’s dividend payout ratio is presently 37.35%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. TD Cowen raised Nasdaq from a “hold” rating to a “buy” rating and lifted their target price for the company from $105.00 to $106.00 in a research report on Thursday, February 26th. Loop Capital set a $113.00 target price on Nasdaq in a research report on Friday, April 24th. Barclays lifted their target price on Nasdaq from $115.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Morgan Stanley set a $116.00 target price on Nasdaq and gave the company an “overweight” rating in a research report on Friday, January 30th. Finally, JPMorgan Chase & Co. lifted their target price on Nasdaq from $100.00 to $101.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $107.15.

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.