ASR Vermogensbeheer N.V. Makes New $782,000 Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

Key Points

• ASR Vermogensbeheer N.V. has made a significant investment of $782,000 in Nasdaq, Inc., acquiring 10,305 shares during the first quarter.
• Nasdaq reported a quarterly earnings per share of $0.85, exceeding analyst expectations and showing a 12.7% revenue increase compared to the previous year.
• The company announced a quarterly dividend of $0.27 per share, reflecting an annualized payout of $1.08 with a yield of 1.1%.

ASR Vermogensbeheer N.V. acquired a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,305 shares of the financial services provider's stock, valued at approximately $782,000.

Other institutional investors have also recently bought and sold shares of the company. Advisory Services Network LLC grew its position in Nasdaq by 55.7% during the fourth quarter. Advisory Services Network LLC now owns 6,494 shares of the financial services provider's stock valued at $502,000 after buying an additional 2,324 shares during the period. Argent Trust Co grew its position in Nasdaq by 3.1% during the fourth quarter. Argent Trust Co now owns 11,213 shares of the financial services provider's stock valued at $867,000 after buying an additional 332 shares during the period. Rockefeller Capital Management L.P. grew its position in Nasdaq by 160.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 410,146 shares of the financial services provider's stock valued at $31,697,000 after buying an additional 252,596 shares during the period. Fortis Capital Advisors LLC grew its position in Nasdaq by 26.4% during the fourth quarter. Fortis Capital Advisors LLC now owns 19,703 shares of the financial services provider's stock valued at $1,420,000 after buying an additional 4,111 shares during the period. Finally, Townsquare Capital LLC grew its position in Nasdaq by 10.0% during the fourth quarter. Townsquare Capital LLC now owns 11,038 shares of the financial services provider's stock valued at $853,000 after buying an additional 1,002 shares during the period. Institutional investors and hedge funds own 72.47% of the company's stock.

Insider Activity at Nasdaq

In related 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 value of $201,006.45. Following the sale, the executive vice president owned 92,551 shares in the company, valued at $8,837,694.99. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Bradley J. Peterson sold 11,508 shares of Nasdaq stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the completion of the sale, the executive vice president owned 111,035 shares in the company, valued at approximately $9,867,680.45. This trade represents a 9.39% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,409 shares of company stock worth $2,887,839. 0.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of several research reports. Royal Bank Of Canada increased their price target on shares of Nasdaq from $95.00 to $108.00 and gave the company an "outperform" rating in a research 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 objective on the stock in a report on Thursday, April 17th. Wall Street Zen raised shares of Nasdaq from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Citigroup reissued a "neutral" rating on shares of Nasdaq in a report on Wednesday, July 9th. Finally, 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 note on Tuesday, July 15th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $97.06.

Nasdaq Trading Down 0.6%

Shares of NASDAQ NDAQ traded down $0.56 during mid-day trading on Wednesday, hitting $95.57. The stock had a trading volume of 3,510,911 shares, compared to its average volume of 3,331,860. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 0.96. Nasdaq, Inc. has a 1 year low of $64.84 and a 1 year high of $97.63. The business has a 50 day moving average price of $90.18 and a two-hundred day moving average price of $82.09. The firm has a market cap of $54.84 billion, a P/E ratio of 36.76, a price-to-earnings-growth ratio of 2.13 and a beta of 1.00.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued 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. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the firm earned $0.69 earnings per share. The firm's revenue for the quarter was up 12.7% on a year-over-year basis. On average, equities analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

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

About Nasdaq

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.