Waterloo Capital L.P. Invests $458,000 in Nasdaq, Inc. $NDAQ

Waterloo Capital L.P. purchased a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,124 shares of the financial services provider’s stock, valued at approximately $458,000.

A number of other institutional investors also recently modified their holdings of the company. Bruce G. Allen Investments LLC boosted its holdings in Nasdaq by 72.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 120 shares during the last quarter. Access Investment Management LLC purchased a new position in shares of Nasdaq in the 2nd quarter worth approximately $28,000. CVA Family Office LLC increased its position in shares of Nasdaq by 137.4% during the second quarter. CVA Family Office LLC now owns 368 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 213 shares during the last quarter. AlphaQuest LLC bought a new stake in Nasdaq during the first quarter worth $34,000. Finally, Evelyn Partners Asset Management Ltd boosted its position in Nasdaq by 268.6% in the second quarter. Evelyn Partners Asset Management Ltd now owns 387 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 282 shares during the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NDAQ has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Nasdaq in a report on Tuesday, October 14th. Barclays set a $109.00 price target on shares of Nasdaq and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Morgan Stanley raised Nasdaq from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $97.00 to $110.00 in a report on Thursday, November 20th. TD Cowen upped their price target on Nasdaq from $94.00 to $96.00 and gave the company a “hold” rating in a research report on Wednesday, October 22nd. Finally, Cowen reissued a “hold” rating on shares of Nasdaq in a report on Wednesday, October 22nd. Fourteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.00.

Nasdaq Trading Up 0.9%

NASDAQ:NDAQ opened at $88.44 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72. The stock has a market cap of $50.50 billion, a price-to-earnings ratio of 31.59, a P/E/G ratio of 1.79 and a beta of 0.98. The company has a 50-day moving average price of $88.05 and a 200-day moving average price of $89.12. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $97.63.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. Nasdaq’s revenue was up 14.7% compared to the same quarter last year. During the same period last year, the business earned $0.74 EPS. Equities analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, December 5th. Nasdaq’s payout ratio is currently 38.57%.

Insider Activity at Nasdaq

In related news, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $85.40, for a total value of $179,767.00. Following the transaction, the executive vice president directly owned 84,974 shares of the company’s stock, valued at approximately $7,256,779.60. This trade represents a 2.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by insiders.

Nasdaq Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.