Y Intercept Hong Kong Ltd Purchases New Shares in Nasdaq, Inc. $NDAQ

Y Intercept Hong Kong Ltd acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the first quarter, HoldingsChannel reports. The fund acquired 56,886 shares of the financial services provider’s stock, valued at approximately $4,829,000.

Several other large investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc increased its stake in shares of 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 purchasing an additional 45,783 shares during the last quarter. M&T Bank Corp lifted its position in shares of Nasdaq by 27.5% during the 4th quarter. M&T Bank Corp now owns 61,076 shares of the financial services provider’s stock worth $5,933,000 after buying an additional 13,160 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in Nasdaq in the fourth quarter valued at about $1,245,000. Advisors Preferred LLC bought a new position in Nasdaq in the fourth quarter valued at about $4,872,000. Finally, MKP Capital Management L.L.C. bought a new position in Nasdaq in the fourth quarter valued at about $33,996,000. Institutional investors own 72.47% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on NDAQ. Barclays increased their target price on shares of Nasdaq from $115.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. TD Cowen lowered their price objective on shares of Nasdaq from $104.00 to $98.00 and set a “buy” rating for the company in a research report on Monday, June 22nd. Rothschild & Co Redburn set a $110.00 price objective on shares of Nasdaq in a research note on Thursday, June 11th. Keefe, Bruyette & Woods raised their target price on shares of Nasdaq from $92.00 to $97.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Finally, Loop Capital set a $113.00 target price on shares of Nasdaq in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $107.54.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $84.66 on Monday. The stock has a market cap of $47.88 billion, a P/E ratio of 25.50, a price-to-earnings-growth ratio of 1.69 and a beta of 0.99. 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 stock’s 50-day moving average is $87.58 and its 200-day moving average is $89.26. Nasdaq, Inc. has a 1-year low of $76.55 and a 1-year high of $101.79.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. Nasdaq had a net margin of 23.15% and a return on equity of 17.51%. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the business earned $0.79 EPS. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. Equities research analysts anticipate that Nasdaq, Inc. will post 3.87 earnings per share for the current year.

Nasdaq Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were given a $0.31 dividend. This is an increase from Nasdaq’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, June 12th. This represents a $1.24 annualized dividend and a yield of 1.5%. Nasdaq’s dividend payout ratio is currently 37.35%.

Insider Buying and Selling at Nasdaq

In other news, EVP Bradley J. Peterson sold 7,710 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $90.82, for a total transaction of $700,222.20. Following the completion of the transaction, the executive vice president owned 141,035 shares of the company’s stock, valued at approximately $12,808,798.70. This trade represents a 5.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michelle Lynn Daly sold 1,323 shares of Nasdaq stock in a transaction on Friday, April 24th. The stock was sold at an average price of $88.82, for a total transaction of $117,508.86. Following the transaction, the senior vice president owned 10,089 shares in the company, valued at approximately $896,104.98. This trade represents a 11.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 24,551 shares of company stock worth $2,225,990 over the last ninety days. Insiders own 0.60% of the company’s stock.

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.