Landscape Capital Management L.L.C. Makes New Investment in Nasdaq, Inc. $NDAQ

Key Points

• Landscape Capital Management L.L.C. has acquired a new stake in Nasdaq, buying 5,926 shares valued at approximately $450,000 in the first quarter.
• Analysts have raised their price targets for Nasdaq shares, with Barclays setting a new target at $109.00 and other firms following suit, indicating a consensus rating of "Moderate Buy".
• Nasdaq recently reported earnings of $0.85 EPS for the quarter, exceeding estimates, alongside a dividend announcement of $0.27 per share to be paid on September 26th.

Landscape Capital Management L.L.C. purchased a new position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,926 shares of the financial services provider's stock, valued at approximately $450,000.

Other large investors also recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its position in shares of Nasdaq by 7.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 43,161 shares of the financial services provider's stock worth $3,274,000 after buying an additional 3,096 shares during the last quarter. USA Financial Formulas lifted its position in shares of Nasdaq by 61.1% in the 1st quarter. USA Financial Formulas now owns 17,842 shares of the financial services provider's stock worth $1,353,000 after buying an additional 6,764 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Nasdaq by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 2,268,620 shares of the financial services provider's stock worth $172,098,000 after buying an additional 27,622 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Nasdaq in the 4th quarter worth about $48,749,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co bought a new position in shares of Nasdaq in the 1st quarter worth about $222,000. 72.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Nasdaq news, EVP Bradley J. Peterson sold 11,508 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $88.87, for a total value of $1,022,715.96. Following the completion of the transaction, the executive vice president directly owned 111,035 shares in the company, valued at $9,867,680.45. This trade represents a 9.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jeremy Skule sold 2,105 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president owned 92,551 shares of the company's stock, valued at approximately $8,837,694.99. The trade was a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,409 shares of company stock worth $2,223,599 over the last ninety days. 0.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on NDAQ. Oppenheimer reaffirmed an "outperform" rating and issued a $101.00 price objective (up previously from $96.00) on shares of Nasdaq in a report on Tuesday, July 15th. Piper Sandler increased their price objective on shares of Nasdaq from $97.00 to $104.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Morgan Stanley increased their price objective on shares of Nasdaq from $75.00 to $86.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Citigroup reaffirmed a "neutral" rating on shares of Nasdaq in a report on Wednesday, July 9th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Nasdaq in a report on Friday, July 25th. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Nasdaq has an average rating of "Moderate Buy" and a consensus price target of $97.06.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ traded up $0.18 during trading hours on Wednesday, hitting $93.77. 1,831,488 shares of the company's stock traded hands, compared to its average volume of 2,422,332. Nasdaq, Inc. has a 52 week low of $64.84 and a 52 week high of $97.63. 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 company's fifty day simple moving average is $92.87 and its two-hundred day simple moving average is $83.51. The company has a market cap of $53.80 billion, a price-to-earnings ratio of 36.07, a price-to-earnings-growth ratio of 2.08 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the firm posted $0.69 EPS. The business's revenue for the quarter was up 12.7% on a year-over-year basis. As a group, equities analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, September 12th. Nasdaq's dividend payout ratio (DPR) is presently 41.54%.

Nasdaq Company 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.