Lombard Odier Asset Management Europe Ltd Takes $2.79 Million Position in Nasdaq, Inc. $NDAQ

Lombard Odier Asset Management Europe Ltd purchased a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 35,389 shares of the financial services provider’s stock, valued at approximately $2,789,000.

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

Nasdaq Stock Performance

Shares of NDAQ opened at $99.31 on Friday. The firm has a fifty day moving average of $91.20 and a 200-day moving average of $88.40. The company has a market cap of $55.51 billion, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 1.32 and a beta of 0.97. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01. Nasdaq, Inc. has a 1 year low of $76.55 and a 1 year 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 for the quarter, topping analysts’ consensus estimates of $0.98 by $0.09. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 EPS. As a group, equities analysts anticipate that Nasdaq, Inc. will post 4.15 earnings per share for the current year.

Nasdaq Announces Dividend

The company 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 $0.31 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.24 annualized dividend and a yield of 1.2%. Nasdaq’s dividend payout ratio is 36.15%.

Insider Buying and Selling at Nasdaq

In other news, insider Pc Nelson Griggs sold 11,010 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Ab Investor acquired 56,782 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average cost of $85.98 per share, with a total value of $4,882,116.36. Following the completion of the acquisition, the insider directly owned 58,439,208 shares in the company, valued at approximately $5,024,603,103.84. This represents a 0.10% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have sold 41,797 shares of company stock worth $3,926,319. 0.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports 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 reiterated an “overweight” rating and issued a $120.00 target price on shares of Nasdaq in a research report on Friday, July 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Nasdaq in a report on Monday, July 20th. TD Cowen reissued a “buy” rating and set a $105.00 price target (up from $101.00) on shares of Nasdaq in a research report on Monday, July 20th. Finally, Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $110.30.

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.