35,389 Shares in Nasdaq, Inc. $NDAQ Purchased by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd bought a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the second quarter, Holdings Channel reports. The fund bought 35,389 shares of the financial services provider’s stock, valued at approximately $2,789,000.

Several other large investors have also recently bought and sold shares of the stock. MV Capital Management Inc. acquired a new stake in shares of Nasdaq in the 4th quarter worth approximately $28,000. Fiduciary Financial Advisors acquired a new position in shares of Nasdaq during the second quarter valued at approximately $25,000. Nemes Rush Group LLC acquired a new position in shares of Nasdaq during the fourth quarter valued at approximately $35,000. Uniplan Investment Counsel Inc. bought a new stake in Nasdaq during the fourth quarter worth approximately $35,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in Nasdaq during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Down 0.0%

NASDAQ NDAQ opened at $99.31 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01. The company’s 50 day simple moving average is $91.20 and its 200 day simple moving average is $88.40. Nasdaq, Inc. has a 12 month low of $76.55 and a 12 month high of $101.79. The company has a market capitalization of $55.51 billion, a P/E ratio of 28.95, a PEG ratio of 1.32 and a beta of 0.97.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, beating the consensus estimate 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 business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 earnings per share. Equities research analysts expect that Nasdaq, Inc. will post 4.15 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. Nasdaq’s dividend payout ratio is currently 36.15%.

Insider Activity

In related news, major shareholder Ab Investor bought 56,782 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average cost of $85.98 per share, for a total transaction of $4,882,116.36. Following the acquisition, the insider directly owned 58,439,208 shares of the company’s stock, valued at $5,024,603,103.84. The trade was a 0.10% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Pc Nelson Griggs sold 11,010 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total value of $1,060,813.50. Following the sale, the insider directly owned 205,001 shares in the company, valued at $19,751,846.35. This trade represents a 5.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 41,797 shares of company stock worth $3,926,319. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NDAQ shares. Weiss Ratings restated a “buy (b)” rating on shares of Nasdaq in a research report on Monday, July 20th. Barclays reiterated an “overweight” rating and set a $111.00 price target (up from $108.00) on shares of Nasdaq in a research report on Friday, July 24th. Morgan Stanley reissued an “overweight” rating and issued a $120.00 price objective on shares of Nasdaq in a research note on Friday, July 24th. Raymond James Financial restated an “outperform” rating and issued a $113.00 price objective (up from $111.00) on shares of Nasdaq in a report on Thursday, July 9th. Finally, Zacks Research raised Nasdaq from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nasdaq currently has a consensus rating of “Buy” and a consensus target price of $110.30.

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.