Helios Capital Management PTE. Ltd. Makes New $1.34 Million Investment in Nasdaq, Inc. $NDAQ

Key Points

• Helios Capital Management acquired 16,950 Nasdaq shares worth approximately $1.34 million, making Nasdaq 1.3% of its portfolio. Institutional investors collectively own 72.47% of the company.
• Analyst sentiment remains positive: Nasdaq has an average “Buy” rating and a consensus price target of $110.30, above its reported trading price of $97.02.
• Nasdaq exceeded quarterly expectations, reporting $1.07 in EPS versus a $0.98 estimate and revenue growth of 14.9% year over year. The company also declared a quarterly dividend of $0.31 per share, equivalent to a 1.3% annualized yield.

Helios Capital Management PTE. Ltd. acquired a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 16,950 shares of the financial services provider's stock, valued at approximately $1,336,000. Nasdaq makes up 1.3% of Helios Capital Management PTE. Ltd.'s holdings, making the stock its 17th largest position.

A number of other institutional investors also recently modified their holdings of the company. MV Capital Management Inc. acquired a new position in shares of Nasdaq in the 4th quarter worth approximately $28,000. Nemes Rush Group LLC acquired a new stake in Nasdaq during the 4th quarter valued at $35,000. Uniplan Investment Counsel Inc. acquired a new stake in Nasdaq during the 4th quarter valued at $35,000. Fideuram Asset Management Ireland dac bought a new position in Nasdaq in the 4th quarter valued at $37,000. Finally, Signature Equity Partners LLC raised its position in Nasdaq by 60.3% in the 1st quarter. Signature Equity Partners LLC now owns 473 shares of the financial services provider's stock worth $40,000 after purchasing an additional 178 shares during the last quarter. Institutional investors own 72.47% of the company's stock.

Insider Activity

In other Nasdaq news, EVP Bradley J. Peterson sold 13,000 shares of Nasdaq stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $92.61, for a total value of $1,203,930.00. Following the sale, the executive vice president owned 128,293 shares of the company's stock, valued at $11,881,214.73. This trade represents a 9.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Ab Investor acquired 56,782 shares of Nasdaq stock in a transaction dated Thursday, June 11th. The shares were purchased at an average cost of $85.98 per share, with a total value of $4,882,116.36. Following the completion of the transaction, the insider directly owned 58,439,208 shares of the company's stock, valued at $5,024,603,103.84. This trade represents a 0.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 41,797 shares of company stock worth $3,926,319 over the last quarter. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on NDAQ. Zacks Research raised Nasdaq from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 27th. Barclays reissued an "overweight" rating and set a $111.00 price objective (up from $108.00) on shares of Nasdaq in a report on Friday, July 24th. Rothschild & Co Redburn set a $110.00 target price on shares of Nasdaq in a research report on Thursday, June 11th. Loop Capital set a $113.00 price target on shares of Nasdaq in a research report on Friday, April 24th. Finally, TD Cowen reaffirmed a "buy" rating and issued a $105.00 price objective (up from $101.00) on shares of Nasdaq in a research note on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Nasdaq has an average rating of "Buy" and a consensus target price of $110.30.

Nasdaq Trading Down 0.6%

NDAQ opened at $97.02 on Friday. The firm's fifty day moving average is $88.87 and its two-hundred day moving average is $88.08. 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. Nasdaq, Inc. has a twelve month low of $76.55 and a twelve month high of $101.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.98 by $0.09. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the business posted $0.85 EPS. The firm's revenue was up 14.9% compared to the same quarter last year. Equities research analysts anticipate that Nasdaq, Inc. will post 4.15 EPS 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 paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. Nasdaq's payout ratio is presently 36.15%.

Nasdaq Company Profile

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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