EntryPoint Capital LLC Invests $285,000 in Nasdaq, Inc. $NDAQ

Key Points

• EntryPoint Capital LLC recently acquired 3,763 shares of Nasdaq, Inc. valued at approximately $285,000.
• Nasdaq announced a quarterly dividend of $0.27 per share, representing a 1.1% yield, with payment scheduled for September 26th.
• The company reported earnings of $0.85 per share for the last quarter, exceeding analyst expectations and marking a revenue increase of 12.7% year-over-year.

EntryPoint Capital LLC purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,763 shares of the financial services provider's stock, valued at approximately $285,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NDAQ. Nuveen LLC acquired a new position in shares of Nasdaq during the first quarter worth approximately $241,614,000. Ameriprise Financial Inc. lifted its position in shares of Nasdaq by 37.9% during the fourth quarter. Ameriprise Financial Inc. now owns 6,005,047 shares of the financial services provider's stock worth $464,676,000 after purchasing an additional 1,650,201 shares in the last quarter. Invesco Ltd. lifted its position in shares of Nasdaq by 40.8% during the first quarter. Invesco Ltd. now owns 5,494,271 shares of the financial services provider's stock worth $416,795,000 after purchasing an additional 1,592,057 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Nasdaq by 7,367.6% during the first quarter. GAMMA Investing LLC now owns 1,129,328 shares of the financial services provider's stock worth $85,671,000 after purchasing an additional 1,114,205 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Nasdaq by 5.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 20,433,885 shares of the financial services provider's stock worth $1,550,115,000 after purchasing an additional 993,553 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Jeremy Skule sold 2,105 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $95.49, for a total value of $201,006.45. Following the transaction, the executive vice president owned 92,551 shares in the company, valued at approximately $8,837,694.99. This trade represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bradley J. Peterson sold 11,508 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the completion of the transaction, the executive vice president owned 111,035 shares in the company, valued at $9,867,680.45. This represents a 9.39% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,409 shares of company stock valued at $2,223,599. 0.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NDAQ. Deutsche Bank Aktiengesellschaft upped their target price on shares of Nasdaq from $97.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Morgan Stanley raised their target price on shares of Nasdaq from $75.00 to $86.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. UBS Group upgraded shares of Nasdaq from a "neutral" rating to a "buy" rating and raised their target price for the stock from $95.00 to $115.00 in a research note on Friday, July 25th. Oppenheimer reaffirmed an "outperform" rating and set a $101.00 price target (up from $96.00) on shares of Nasdaq in a research report on Tuesday, July 15th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Nasdaq in a report on Friday, July 25th. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $97.06.

Nasdaq Stock Performance

NASDAQ NDAQ traded down $0.07 during trading on Wednesday, hitting $94.84. 1,091,093 shares of the company's stock traded hands, compared to its average volume of 3,266,381. Nasdaq, Inc. has a 12-month low of $64.84 and a 12-month high of $97.63. The stock has a market capitalization of $54.42 billion, a price-to-earnings ratio of 36.52, a PEG ratio of 2.07 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 moving average of $91.96 and a 200-day moving average of $82.95.

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 the consensus estimate of $0.78 by $0.07. The business had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.26 billion. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%.The firm's revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.69 earnings per share. As a group, equities research analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

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

Nasdaq 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.