Arrowpoint Investment Partners Singapore Pte. Ltd. Makes New Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

Key Points

• Arrowpoint Investment Partners purchased a new stake of 3,600 shares in Nasdaq, Inc. (NASDAQ:NDAQ), valued at approximately $273,000, according to its latest SEC filing.
• Nasdaq reported $0.85 EPS for the most recent quarter, exceeding analysts' expectations of $0.78, with revenue increasing by 12.7% to $1.31 billion.
• The company declared a quarterly dividend of $0.27 per share, which signifies an annual yield of 1.1%, to be paid out on September 26th.

Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,600 shares of the financial services provider's stock, valued at approximately $273,000.

Other institutional investors have also bought and sold shares of the company. Grove Bank & Trust lifted its position in shares of Nasdaq by 194.6% during the first quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock worth $25,000 after acquiring an additional 216 shares in the last quarter. Highline Wealth Partners LLC lifted its position in shares of Nasdaq by 1,509.5% during the first quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock worth $26,000 after acquiring an additional 317 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Nasdaq during the first quarter worth $26,000. First Command Advisory Services Inc. purchased a new stake in shares of Nasdaq during the first quarter worth $30,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Nasdaq during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 72.47% of the company's stock.

Nasdaq Stock Down 0.2%

Shares of NDAQ traded down $0.17 on Thursday, hitting $95.40. 2,459,288 shares of the stock traded hands, compared to its average volume of 3,719,879. The company has a market capitalization of $54.74 billion, a PE ratio of 36.69, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 0.96. The business has a 50 day simple moving average of $90.64 and a 200 day simple moving average of $82.28. Nasdaq, Inc. has a one year low of $64.84 and a one year high of $97.63.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its earnings results on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.07. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the firm posted $0.69 EPS. The firm's revenue was up 12.7% on a year-over-year basis. As a group, equities analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, September 12th. Nasdaq's dividend payout ratio (DPR) is currently 41.54%.

Insider Buying and Selling at Nasdaq

In other news, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction on Friday, August 1st. The shares were sold at an average price of $95.49, for a total transaction of $201,006.45. Following the transaction, the executive vice president owned 92,551 shares in the company, valued at $8,837,694.99. This trade represents a 2.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Pc Nelson Griggs sold 8,000 shares of Nasdaq stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total transaction of $664,240.00. Following the transaction, the insider owned 211,405 shares in the company, valued at $17,552,957.15. This represents a 3.65% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,409 shares of company stock worth $2,887,839. 0.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of several recent research reports. Morgan Stanley increased their target price on Nasdaq from $75.00 to $86.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Nasdaq in a report on Friday, July 25th. Redburn Atlantic raised shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price target on the stock in a report on Thursday, April 17th. Keefe, Bruyette & Woods upped their price target on shares of Nasdaq from $103.00 to $104.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Finally, Barclays upped their price target on shares of Nasdaq from $101.00 to $109.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $97.06.

Nasdaq Company Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.