16,779 Shares in Nasdaq, Inc. $NDAQ Acquired by Osmosis Investment Management UK Ltd

Key Points

• Osmosis Investment Management UK Ltd acquired 16,779 Nasdaq shares worth approximately $1.32 million during the second quarter. Institutional investors and hedge funds collectively own 72.47% of Nasdaq.
• Nasdaq reported quarterly EPS of $1.07, exceeding estimates of $0.98, while revenue rose 14.9% year over year to $2.53 billion. Analysts maintain a consensus “Buy” rating with an average price target of $110.30.
• Nasdaq declared a quarterly dividend of $0.31 per share, equivalent to an annualized $1.24 payout and a 1.3% yield. Meanwhile, company insiders sold 41,797 shares worth roughly $3.93 million over the past 90 days.

Osmosis Investment Management UK Ltd purchased a new position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,779 shares of the financial services provider's stock, valued at approximately $1,323,000.

A number of other hedge funds have also recently added to or reduced their stakes in NDAQ. Vanguard Group Inc. lifted its holdings in shares of Nasdaq by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 59,916,887 shares of the financial services provider's stock worth $5,819,727,000 after purchasing an additional 268,481 shares in the last quarter. BlackRock Inc. bought a new stake in Nasdaq during the 2nd quarter valued at $2,931,637,000. State Street Corp increased its stake in Nasdaq by 1.3% during the 4th quarter. State Street Corp now owns 19,878,600 shares of the financial services provider's stock valued at $1,930,808,000 after purchasing an additional 259,408 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Nasdaq by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 12,851,894 shares of the financial services provider's stock valued at $1,243,807,000 after buying an additional 378,577 shares in the last quarter. Finally, Morgan Stanley grew its holdings in shares of Nasdaq by 62.6% during the fourth quarter. Morgan Stanley now owns 9,266,562 shares of the financial services provider's stock valued at $900,061,000 after buying an additional 3,567,843 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company's stock.

Nasdaq Price Performance

NDAQ opened at $98.79 on Tuesday. 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 has a market capitalization of $55.22 billion, a price-to-earnings ratio of 28.80, a P/E/G ratio of 1.30 and a beta of 0.96. The firm's fifty day moving average price is $90.00 and its two-hundred day moving average price is $88.05. Nasdaq, Inc. has a 1 year low of $76.55 and a 1 year high of $101.79.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.09. The firm 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 revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 EPS. As a group, analysts anticipate that Nasdaq, Inc. will post 4.15 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, September 11th. Nasdaq's dividend payout ratio is presently 36.15%.

Insiders Place Their Bets

In other Nasdaq news, insider Pc Nelson Griggs sold 11,010 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $96.35, for a total value of $1,060,813.50. Following the completion of the sale, the insider owned 205,001 shares in the company, valued at approximately $19,751,846.35. This trade represents a 5.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Bradley J. Peterson sold 13,000 shares of Nasdaq stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $92.61, for a total transaction of $1,203,930.00. Following the transaction, the executive vice president directly owned 128,293 shares in the company, valued at approximately $11,881,214.73. This represents a 9.20% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 41,797 shares of company stock valued at $3,926,319. Corporate insiders own 0.60% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on NDAQ. Weiss Ratings reissued a "buy (b)" rating on shares of Nasdaq in a research report on Monday, July 20th. Morgan Stanley reaffirmed an "overweight" rating and issued a $120.00 price target on shares of Nasdaq in a research report on Friday, July 24th. TD Cowen reiterated a "buy" rating and set a $105.00 price target (up from $101.00) on shares of Nasdaq in a research note on Monday, July 20th. Keefe, Bruyette & Woods boosted their price objective on Nasdaq from $92.00 to $102.00 and gave the stock a "market perform" rating in a report on Friday, July 24th. Finally, Wall Street Zen raised Nasdaq from a "sell" rating to a "hold" rating in a report on Sunday, May 3rd. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $110.30.

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.

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