Nasdaq, Inc. $NDAQ Shares Acquired by Evelyn Partners Investment Management Services Ltd

Evelyn Partners Investment Management Services Ltd lifted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 18.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,843 shares of the financial services provider’s stock after acquiring an additional 11,947 shares during the quarter. Evelyn Partners Investment Management Services Ltd’s holdings in Nasdaq were worth $6,608,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. MV Capital Management Inc. purchased a new position in shares of Nasdaq in the 4th quarter valued at about $28,000. SOA Wealth Advisors LLC. purchased a new position in Nasdaq during the fourth quarter worth approximately $34,000. Nemes Rush Group LLC acquired a new stake in Nasdaq in the fourth quarter valued at approximately $35,000. Uniplan Investment Counsel Inc. acquired a new stake in Nasdaq in the fourth quarter valued at approximately $35,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in shares of Nasdaq in the fourth quarter valued at approximately $37,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Trading Up 2.0%

Shares of NDAQ opened at $93.94 on Tuesday. Nasdaq, Inc. has a 52-week low of $76.55 and a 52-week high of $101.79. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The firm’s fifty day moving average is $87.46 and its two-hundred day moving average is $88.40. The stock has a market cap of $52.51 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 1.43 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.09. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates 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 in the prior year, the firm earned $0.85 earnings per share. Research analysts forecast that Nasdaq, Inc. will post 4.03 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, September 11th. Nasdaq’s dividend payout ratio is currently 36.15%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NDAQ. Rothschild & Co Redburn set a $110.00 target price on Nasdaq in a research note on Thursday, June 11th. Barclays restated an “overweight” rating and set a $111.00 price objective (up from $108.00) on shares of Nasdaq in a research report on Friday. TD Cowen reiterated a “buy” rating and issued a $105.00 target price (up from $101.00) on shares of Nasdaq in a research report on Monday, July 20th. Raymond James Financial reissued an “outperform” rating and set a $113.00 target price (up from $111.00) on shares of Nasdaq in a research note on Thursday, July 9th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Nasdaq in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Nasdaq currently has a consensus rating of “Buy” and an average price target of $109.73.

Insider Transactions at Nasdaq

In other Nasdaq news, major shareholder Ab Investor acquired 56,782 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was bought at an average price of $85.98 per share, for a total transaction of $4,882,116.36. Following the acquisition, the insider owned 58,439,208 shares in the company, valued at approximately $5,024,603,103.84. The trade was a 0.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 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.