Focus Partners Advisor Solutions LLC Makes New Investment in Nasdaq, Inc. $NDAQ

Key Points

• Focus Partners Advisor Solutions purchased 12,107 Nasdaq shares worth approximately $954,000 during the second quarter. Institutional investors collectively own 72.47% of NDAQ stock.
• Nasdaq reported quarterly EPS of $1.07, exceeding the $0.98 analyst consensus, while revenue reached $2.53 billion and rose 14.9% year over year.
• Analysts maintain a generally positive outlook, with an average “Buy” rating and a consensus price target of $110.30, compared with a recent share price of $97.02. Nasdaq also declared a quarterly dividend of $0.31 per share.

Focus Partners Advisor Solutions LLC bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,107 shares of the financial services provider's stock, valued at approximately $954,000.

Other large investors have also made changes to their positions in the company. MV Capital Management Inc. acquired a new stake in shares of Nasdaq in the fourth quarter valued at approximately $28,000. Nemes Rush Group LLC acquired a new position in Nasdaq during the fourth quarter worth $35,000. Uniplan Investment Counsel Inc. acquired a new position in Nasdaq during the fourth quarter worth $35,000. Fideuram Asset Management Ireland dac purchased a new stake in Nasdaq in the 4th quarter valued at $37,000. Finally, Reflection Asset Management acquired a new stake in shares of Nasdaq in the 4th quarter worth $41,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Stock Performance

Shares of Nasdaq stock opened at $97.02 on Monday. The firm has a market cap of $54.23 billion, a PE ratio of 28.29, a price-to-earnings-growth ratio of 1.31 and a beta of 0.97. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a 52 week low of $76.55 and a 52 week high of $101.79. The business's fifty day simple moving average is $88.87 and its 200-day simple moving average is $88.00.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.09. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The company's quarterly revenue was up 14.9% on a year-over-year basis. During the same period last year, the company earned $0.85 EPS. Equities analysts forecast that Nasdaq, Inc. will post 4.15 earnings per share for the current year.

Nasdaq Announces Dividend

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 given a dividend of $0.31 per share. The ex-dividend date is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.3%. Nasdaq's dividend payout ratio (DPR) is currently 36.15%.

Insider Buying and Selling at Nasdaq

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on NDAQ. Keefe, Bruyette & Woods lifted their price target on Nasdaq from $92.00 to $102.00 and gave the stock a "market perform" rating in a report on Friday, July 24th. Rothschild & Co Redburn set a $110.00 price objective on shares of Nasdaq in a research report on Thursday, June 11th. Morgan Stanley reaffirmed an "overweight" rating and set a $120.00 target price on shares of Nasdaq in a research note on Friday, July 24th. TD Cowen reiterated a "buy" rating and issued a $105.00 target price (up from $101.00) on shares of Nasdaq in a report on Monday, July 20th. Finally, Zacks Research raised shares of Nasdaq from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 27th. Two investment 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 stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price 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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