EFG International AG Invests $3.46 Million in Nasdaq, Inc. $NDAQ

EFG International AG bought a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 43,854 shares of the financial services provider’s stock, valued at approximately $3,456,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of NDAQ. MV Capital Management Inc. bought a new position in shares of Nasdaq in the fourth quarter worth $28,000. Fiduciary Financial Advisors bought a new stake in Nasdaq in the 2nd quarter worth approximately $25,000. Nemes Rush Group LLC bought a new stake in shares of Nasdaq in the 4th quarter worth approximately $35,000. Uniplan Investment Counsel Inc. purchased a new stake in Nasdaq during the fourth quarter valued at about $35,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in Nasdaq during the 4th quarter valued at about $37,000. 72.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Nasdaq

In related 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 price of $85.98 per share, for a total transaction of $4,882,116.36. Following the completion of the transaction, the insider owned 58,439,208 shares in the company, valued at $5,024,603,103.84. The trade was a 0.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the executive vice president directly owned 128,293 shares of the company’s stock, valued at $11,881,214.73. The trade was a 9.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 41,797 shares of company stock valued at $3,926,319 over the last ninety days. 0.60% of the stock is currently owned by company insiders.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ opened at $99.47 on Thursday. Nasdaq, Inc. has a fifty-two week low of $76.55 and a fifty-two week high of $101.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01. The business has a 50-day simple moving average of $90.52 and a two-hundred day simple moving average of $88.22. The firm has a market cap of $55.60 billion, a price-to-earnings ratio of 29.00, a price-to-earnings-growth ratio of 1.31 and a beta of 0.97.

Nasdaq (NASDAQ:NDAQ) last issued 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. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.Nasdaq’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 earnings per share. On average, analysts expect that Nasdaq, Inc. will post 4.15 earnings per share for the current year.

Nasdaq Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NDAQ shares. Morgan Stanley reissued an “overweight” rating and issued a $120.00 price target on shares of Nasdaq in a report on Friday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Nasdaq in a report on Monday, July 20th. Zacks Research upgraded shares of Nasdaq from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. TD Cowen reissued a “buy” rating and set a $105.00 price objective (up from $101.00) on shares of Nasdaq in a research report on Monday, July 20th. Finally, Rothschild & Co Redburn set a $110.00 price objective on shares of Nasdaq in a research note on Thursday, June 11th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Nasdaq currently has a consensus rating of “Buy” and an average price target of $110.30.

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.