Nasdaq, Inc. $NDAQ Shares Acquired by DRW Securities LLC

Key Points

• DRW Securities LLC increased its position in Nasdaq, Inc. by 380.5% during the first quarter, owning a total of 18,917 shares valued at approximately $1.43 million.
• Several hedge funds significantly raised their stakes in Nasdaq, with 72.47% of the stock now owned by institutional investors, indicating strong institutional interest.
• Nasdaq announced a quarterly dividend of $0.27 per share, representing an annualized dividend yield of 1.1% and a payout ratio of 41.54%.

DRW Securities LLC boosted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 380.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,917 shares of the financial services provider's stock after purchasing an additional 14,980 shares during the quarter. DRW Securities LLC's holdings in Nasdaq were worth $1,433,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NDAQ. Lido Advisors LLC increased its holdings in Nasdaq by 9.0% during the 4th quarter. Lido Advisors LLC now owns 3,419 shares of the financial services provider's stock worth $264,000 after purchasing an additional 281 shares during the last quarter. AQR Capital Management LLC increased its holdings in Nasdaq by 17.0% during the 4th quarter. AQR Capital Management LLC now owns 165,617 shares of the financial services provider's stock worth $12,804,000 after purchasing an additional 24,096 shares during the last quarter. Comerica Bank increased its holdings in Nasdaq by 8.0% during the 4th quarter. Comerica Bank now owns 84,126 shares of the financial services provider's stock worth $6,504,000 after purchasing an additional 6,234 shares during the last quarter. AXA S.A. increased its holdings in Nasdaq by 1.7% during the 4th quarter. AXA S.A. now owns 82,336 shares of the financial services provider's stock worth $6,365,000 after purchasing an additional 1,373 shares during the last quarter. Finally, Alteri Wealth LLC purchased a new stake in Nasdaq during the 4th quarter worth approximately $204,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Stock Performance

NASDAQ:NDAQ traded up $0.53 during midday trading on Thursday, reaching $94.30. 3,693,337 shares of the company traded hands, compared to its average volume of 3,248,660. Nasdaq, Inc. has a twelve month low of $64.84 and a twelve month high of $97.63. The firm has a market capitalization of $54.11 billion, a price-to-earnings ratio of 36.27, a price-to-earnings-growth ratio of 2.08 and a beta of 1.02. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96. The company has a fifty day moving average price of $92.87 and a 200 day moving average price of $83.51.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $1.26 billion. During the same quarter in the previous year, the firm posted $0.69 EPS. The firm's quarterly revenue was up 12.7% on a year-over-year basis. On average, analysts expect 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 will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, September 12th. Nasdaq's payout ratio is 41.54%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NDAQ shares. Deutsche Bank Aktiengesellschaft boosted their price target on Nasdaq from $97.00 to $105.00 and gave the company a "buy" rating in a report on Friday, July 25th. Raymond James Financial reiterated an "outperform" rating and issued a $96.00 price target (up from $84.00) on shares of Nasdaq in a report on Wednesday, July 9th. Royal Bank Of Canada boosted their price target on Nasdaq from $95.00 to $108.00 and gave the company an "outperform" rating in a report on Friday, July 25th. UBS Group upgraded Nasdaq from a "neutral" rating to a "buy" rating and boosted their price target for the company from $95.00 to $115.00 in a report on Friday, July 25th. Finally, Morgan Stanley boosted their price target on Nasdaq from $75.00 to $86.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $97.06.

Insiders Place Their Bets

In other Nasdaq news, EVP Bradley J. Peterson sold 11,508 shares of the business's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the completion of the transaction, the executive vice president owned 111,035 shares in the company, valued at approximately $9,867,680.45. The trade was a 9.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Michelle Lynn Daly sold 8,691 shares of the business's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $93.45, for a total value of $812,173.95. Following the transaction, the senior vice president owned 8,879 shares of the company's stock, valued at $829,742.55. This trade represents a 49.46% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,409 shares of company stock worth $2,223,599. 0.70% of the stock is owned by company insiders.

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.