Interval Partners LP Purchases 264,607 Shares of Nasdaq, Inc. $NDAQ

Interval Partners LP raised its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 1,055.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 289,687 shares of the financial services provider’s stock after buying an additional 264,607 shares during the quarter. Interval Partners LP’s holdings in Nasdaq were worth $28,137,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Legal & General Group Plc increased its holdings in Nasdaq by 1.6% in the 4th quarter. Legal & General Group Plc now owns 2,855,235 shares of the financial services provider’s stock valued at $277,329,000 after buying an additional 45,783 shares during the period. M&T Bank Corp increased its holdings in Nasdaq by 27.5% in the 4th quarter. M&T Bank Corp now owns 61,076 shares of the financial services provider’s stock valued at $5,933,000 after buying an additional 13,160 shares during the period. AlphaCore Capital LLC bought a new position in Nasdaq in the 4th quarter valued at about $1,245,000. Advisors Preferred LLC bought a new position in Nasdaq in the 4th quarter valued at about $4,872,000. Finally, Intech Investment Management LLC increased its holdings in Nasdaq by 129.2% in the 3rd quarter. Intech Investment Management LLC now owns 55,134 shares of the financial services provider’s stock valued at $4,877,000 after buying an additional 31,081 shares during the period. 72.47% of the stock is owned by institutional investors.

Key Nasdaq News

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Nasdaq continues to post solid underlying fundamentals, with recent earnings beating estimates and revenue growth remaining strong, while analysts still have a generally constructive view on the stock. NDAQ Outperforms Industry, Trades at a Premium: How to Play the Stock
• Positive Sentiment: Nasdaq shareholders approved the board, pay package, and auditor slate, reducing near-term governance uncertainty. Nasdaq Shareholders Endorse Board, Pay and Auditor Slate
• Positive Sentiment: A major shareholder, AB Investor, bought additional NDAQ shares, which can be read as a vote of confidence in the company’s longer-term outlook. Nasdaq (NASDAQ:NDAQ) Major Shareholder Ab Investor Acquires 56,782 Shares
• Neutral Sentiment: Nasdaq rebalanced the Nasdaq 100, adding five new AI and space-related entrants; this is notable for index composition but not necessarily a direct earnings driver today. Nasdaq (NDAQ) Rebalances The Nasdaq 100 With 5 New AI And Space Entrants
• Negative Sentiment: Investors appear concerned that tokenized-stock and blockchain-based trading could increase competition for traditional exchanges, weighing on Nasdaq and other market-structure names. Nasdaq Slides as Tokenized-Stock Shakeup Clouds Exchange Outlook
• Negative Sentiment: Separate delisting notices for Smart Digital Group and QMMM highlight Nasdaq’s regulatory enforcement activity, but they are more likely a reminder of exchange oversight than a direct driver of NDAQ’s business outlook. Smart Digital Group Limited Notified of Anticipated Delisting from The Nasdaq Stock Market QMMM Holdings Limited Notified of Anticipated Delisting from The Nasdaq Stock Market

Nasdaq Trading Down 6.7%

Shares of Nasdaq stock opened at $83.29 on Thursday. The firm has a market capitalization of $47.10 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The firm’s 50 day moving average is $88.92 and its 200 day moving average is $90.07. Nasdaq, Inc. has a 1 year low of $77.09 and a 1 year high of $101.79.

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

Nasdaq Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, June 12th. This represents a $1.24 annualized dividend and a yield of 1.5%. This is a boost from Nasdaq’s previous quarterly dividend of $0.27. Nasdaq’s dividend payout ratio is 37.35%.

Insider Buying and Selling at Nasdaq

In related news, insider Cohen Tal sold 15,518 shares of Nasdaq stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $90.75, for a total transaction of $1,408,258.50. Following the sale, the insider directly owned 215,208 shares in the company, valued at $19,530,126. This trade represents a 6.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bradley J. Peterson sold 7,710 shares of Nasdaq stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $90.82, for a total transaction of $700,222.20. Following the sale, the executive vice president owned 141,035 shares in the company, valued at approximately $12,808,798.70. This represents a 5.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 138,162 shares of company stock worth $11,932,913 over the last quarter. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Nasdaq in a report on Wednesday, April 22nd. Keefe, Bruyette & Woods lifted their price target on shares of Nasdaq from $92.00 to $97.00 and gave the company a “market perform” rating in a report on Friday, April 24th. Wall Street Zen raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. TD Cowen raised shares of Nasdaq from a “hold” rating to a “buy” rating and lifted their price target for the company from $105.00 to $106.00 in a report on Thursday, February 26th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $109.00 price target on shares of Nasdaq in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Nasdaq presently has an average rating of “Moderate Buy” and an average price target of $107.36.

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.