Nasdaq, Inc. (NASDAQ:NDAQ) Holdings Raised by R Squared Ltd

Key Points

• R Squared Ltd significantly increased its holdings in Nasdaq, Inc. by 668.7% during the first quarter, owning 5,150 shares valued at $391,000.
• Nasdaq recently declared a $0.27 quarterly dividend with a 1.1% dividend yield, and has a dividend payout ratio of 41.54%.
• Research analysts have a consensus rating of "Moderate Buy" for Nasdaq, with a price target of $96.63 amidst various upgrades from firms such as Barclays and Deutsche Bank.

R Squared Ltd boosted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 668.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,150 shares of the financial services provider's stock after purchasing an additional 4,480 shares during the quarter. R Squared Ltd's holdings in Nasdaq were worth $391,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NDAQ. Janney Montgomery Scott LLC increased its stake in 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 acquiring an additional 3,096 shares during the last quarter. USA Financial Formulas lifted its position in Nasdaq by 61.1% in the first 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. grew its holdings in Nasdaq by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 2,268,620 shares of the financial services provider's stock valued at $172,098,000 after purchasing an additional 27,622 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Nasdaq during the fourth quarter valued at approximately $48,749,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co purchased a new stake in shares of Nasdaq in the first quarter worth approximately $222,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Pc Nelson Griggs sold 8,000 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total transaction of $664,240.00. Following the transaction, the insider directly owned 211,405 shares of the company's stock, valued at approximately $17,552,957.15. This trade represents a 3.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeremy Skule sold 2,105 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $89.17, for a total transaction of $187,702.85. Following the completion of the sale, the executive vice president directly owned 94,656 shares of the company's stock, valued at $8,440,475.52. The trade was a 2.18% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 30,304 shares of company stock worth $2,686,833. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Stock Up 1.8%

Shares of NASDAQ:NDAQ traded up $1.74 during midday trading on Monday, reaching $96.91. The company had a trading volume of 2,327,307 shares, compared to its average volume of 3,563,475. The stock has a market capitalization of $55.61 billion, a P/E ratio of 37.27, a PEG ratio of 2.11 and a beta of 1.00. Nasdaq, Inc. has a one year low of $64.33 and a one year high of $97.07. The stock's fifty day moving average price is $88.29 and its 200-day moving average price is $81.30. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96.

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, beating analysts' consensus estimates of $0.78 by $0.07. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the firm posted $0.69 earnings per share. Nasdaq's quarterly revenue was up 12.7% compared to the same quarter last year. Equities research analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

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

Wall Street Analyst Weigh In

NDAQ has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Barclays increased their price objective on shares of Nasdaq from $101.00 to $109.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft boosted their price objective on Nasdaq from $97.00 to $105.00 and gave the company a "buy" rating in a report on Friday, July 25th. Citigroup restated a "neutral" rating on shares of Nasdaq in a report on Wednesday, July 9th. Finally, Piper Sandler raised their price target on Nasdaq from $97.00 to $104.00 and gave the company an "overweight" rating in a report on Monday. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $97.06.

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.