Gold Investment Management Ltd. Has $3.34 Million Position in Nasdaq, Inc. $NDAQ

Key Points

• Gold Investment Management Ltd. has increased its stake in Nasdaq, Inc. by 19.2% in the second quarter, now holding 37,508 shares valued at approximately $3.34 million.
• Nasdaq's latest quarterly earnings showed an EPS of $0.85, exceeding estimates, with revenues up by 12.7% year-over-year.
• The company has a dividend payout ratio of 41.54% and recently declared a quarterly dividend of $0.27 per share.

Gold Investment Management Ltd. raised its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 19.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,508 shares of the financial services provider's stock after acquiring an additional 6,033 shares during the quarter. Nasdaq comprises approximately 1.3% of Gold Investment Management Ltd.'s holdings, making the stock its 25th largest position. Gold Investment Management Ltd.'s holdings in Nasdaq were worth $3,339,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Naples Global Advisors LLC lifted its stake in shares of Nasdaq by 4.8% in the second quarter. Naples Global Advisors LLC now owns 8,730 shares of the financial services provider's stock worth $781,000 after buying an additional 400 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in Nasdaq by 21.0% during the second quarter. Robeco Institutional Asset Management B.V. now owns 775,967 shares of the financial services provider's stock worth $69,387,000 after acquiring an additional 134,766 shares during the period. Cooper Financial Group bought a new stake in Nasdaq in the 2nd quarter valued at $202,000. Trivium Point Advisory LLC bought a new stake in Nasdaq in the 2nd quarter valued at $209,000. Finally, Greenleaf Trust increased its holdings in Nasdaq by 25.7% in the 2nd quarter. Greenleaf Trust now owns 15,161 shares of the financial services provider's stock valued at $1,356,000 after buying an additional 3,101 shares during the period. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Trading Down 1.7%

NASDAQ NDAQ opened at $86.91 on Thursday. The company has a market cap of $49.87 billion, a PE ratio of 33.43, a PEG ratio of 1.94 and a beta of 0.98. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $97.63. The stock has a 50 day moving average of $93.58 and a 200-day moving average of $85.28.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.78 by $0.07. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%.The firm's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. On average, equities research analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $1.08 annualized dividend and a yield of 1.2%. Nasdaq's dividend payout ratio (DPR) is currently 41.54%.

Analyst Upgrades and Downgrades

NDAQ has been the topic of several recent analyst reports. Raymond James Financial restated an "outperform" rating and issued a $96.00 target price (up previously from $84.00) on shares of Nasdaq in a research note on Wednesday, July 9th. Royal Bank Of Canada upped their target price 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. Piper Sandler upped their target price on shares of Nasdaq from $97.00 to $104.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft upped their price target on Nasdaq from $97.00 to $105.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $101.00 price target (up from $96.00) on shares of Nasdaq in a research note on Tuesday, July 15th. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold 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 price target of $97.31.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $95.49, for a total transaction of $201,006.45. Following the completion of the sale, the executive vice president owned 92,551 shares of the company's stock, valued at $8,837,694.99. This trade represents a 2.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Michelle Lynn Daly sold 8,691 shares of the firm's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $93.45, for a total value of $812,173.95. Following the sale, the senior vice president directly owned 8,879 shares of the company's stock, valued at $829,742.55. This represents a 49.46% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company's stock.

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.

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