Lido Advisors LLC Lowers Stock Holdings in Nasdaq, Inc. $NDAQ

Lido Advisors LLC reduced its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 36.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,148 shares of the financial services provider’s stock after selling 16,764 shares during the period. Lido Advisors LLC’s holdings in Nasdaq were worth $2,475,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NDAQ. Vanguard Group Inc. boosted its holdings in shares of Nasdaq by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 59,916,887 shares of the financial services provider’s stock valued at $5,819,727,000 after purchasing an additional 268,481 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Nasdaq by 4.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 27,627,767 shares of the financial services provider’s stock worth $2,683,485,000 after purchasing an additional 1,258,964 shares during the period. State Street Corp increased its holdings in Nasdaq by 1.3% during the 4th quarter. State Street Corp now owns 19,878,600 shares of the financial services provider’s stock worth $1,930,808,000 after purchasing an additional 259,408 shares during the period. Geode Capital Management LLC raised its position in Nasdaq by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 12,851,894 shares of the financial services provider’s stock valued at $1,243,807,000 after purchasing an additional 378,577 shares in the last quarter. Finally, Morgan Stanley raised its position in Nasdaq by 62.6% during the 4th quarter. Morgan Stanley now owns 9,266,562 shares of the financial services provider’s stock valued at $900,061,000 after purchasing an additional 3,567,843 shares in the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Nasdaq

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Nasdaq delivered a solid Q2 beat on both earnings and revenue, with strong growth in index and FinTech driving better-than-expected results and record Market Services performance. Article Title
• Positive Sentiment: The company announced a quarterly dividend of $0.31 per share, which may appeal to income-focused investors and signals continued shareholder returns. Article Title
• Positive Sentiment: Keefe, Bruyette & Woods lifted its price target to $102, indicating improved valuation expectations even though the rating remained market perform. Article Title
• Neutral Sentiment: Nasdaq’s July short-interest report showed 0 shares short and a 0.0-day days-to-cover figure, which appears more like a data anomaly than a meaningful trading signal. Article Title
• Neutral Sentiment: The company also ended its Miami case and sold its fund secondaries business, a portfolio move that may be viewed as strategic housekeeping rather than a major earnings driver. Article Title

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Barclays reissued an “overweight” rating and set a $111.00 price target (up from $108.00) on shares of Nasdaq in a research report on Friday. Rothschild & Co Redburn set a $110.00 price objective on shares of Nasdaq in a research note on Thursday, June 11th. Loop Capital set a $113.00 target price on shares of Nasdaq in a report on Friday, April 24th. Wall Street Zen raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Nasdaq in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $109.73.

Nasdaq Stock Performance

Shares of NASDAQ:NDAQ opened at $92.09 on Monday. The company has a market capitalization of $51.48 billion, a PE ratio of 26.85, a P/E/G ratio of 1.43 and a beta of 0.99. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a 12-month low of $76.55 and a 12-month high of $101.79. The business’s fifty day simple moving average is $87.43 and its 200-day simple moving average is $88.45.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.09. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the business posted $0.85 EPS. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. As a group, equities research analysts predict that Nasdaq, Inc. will post 4.03 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently declared 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. This represents a $1.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, September 11th. Nasdaq’s dividend payout ratio is presently 36.15%.

Insider Activity

In other news, EVP Bradley J. Peterson sold 7,710 shares of Nasdaq stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $90.82, for a total value of $700,222.20. Following the transaction, the executive vice president owned 141,035 shares of the company’s stock, valued at $12,808,798.70. The trade was a 5.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Ab Investor acquired 56,782 shares of Nasdaq stock in a transaction that occurred on Thursday, June 11th. The shares were purchased at an average price of $85.98 per share, with a total value of $4,882,116.36. Following the purchase, the insider owned 58,439,208 shares in the company, valued at $5,024,603,103.84. This represents a 0.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.60% of the company’s stock.

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.