Natixis Advisors LLC Boosts Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Key Points

• Natixis Advisors LLC increased its stake in Nasdaq, Inc. by 15.9% in Q1, owning 654,285 shares valued at approximately $49.6 million.
• Nasdaq reported earnings of $0.85 per share for the last quarter, exceeding expectations of $0.78, and also achieved a 12.7% increase in revenue compared to the previous year.
• The company announced a quarterly dividend of $0.27 per share, with a dividend yield of 1.1%, scheduled for payment on September 26th.

Natixis Advisors LLC lifted its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 15.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 654,285 shares of the financial services provider's stock after purchasing an additional 89,625 shares during the period. Natixis Advisors LLC owned about 0.11% of Nasdaq worth $49,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in NDAQ. Grove Bank & Trust increased its position in shares of Nasdaq by 194.6% in the first quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock valued at $25,000 after buying an additional 216 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in Nasdaq in the 1st quarter valued at $26,000. Highline Wealth Partners LLC increased its holdings in Nasdaq by 1,509.5% in the 1st quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock worth $26,000 after acquiring an additional 317 shares in the last quarter. First Command Advisory Services Inc. acquired a new position in Nasdaq during the first quarter worth $30,000. Finally, Kapitalo Investimentos Ltda purchased a new position in Nasdaq during the fourth quarter valued at $37,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Nasdaq Price Performance

Nasdaq stock opened at $96.22 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The company has a 50-day moving average price of $88.02 and a 200 day moving average price of $81.12. Nasdaq, Inc. has a 12-month low of $64.33 and a 12-month high of $97.07. The stock has a market cap of $55.21 billion, a P/E ratio of 37.01, a PEG ratio of 2.12 and a beta of 1.01.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.07. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business posted $0.69 earnings per share. Sell-side analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

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

Analyst Ratings Changes

NDAQ has been the subject of a number of research reports. Barclays boosted their target price on shares of Nasdaq from $101.00 to $109.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. UBS Group raised Nasdaq from a "neutral" rating to a "buy" rating and increased their target price for the company from $95.00 to $115.00 in a report on Friday, July 25th. Piper Sandler downgraded Nasdaq from an "overweight" rating to a "neutral" rating in a research report on Thursday. Morgan Stanley boosted their price target on Nasdaq from $75.00 to $86.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Finally, Royal Bank Of Canada increased their price objective on Nasdaq from $95.00 to $108.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $96.63.

Insider Transactions at Nasdaq

In related news, SVP Michelle Lynn Daly sold 8,691 shares of the stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $93.45, for a total transaction of $812,173.95. Following the transaction, the senior vice president owned 8,879 shares of the company's stock, valued at approximately $829,742.55. This represents a 49.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bradley J. Peterson sold 11,508 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were 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 directly owned 111,035 shares of the company's stock, valued at approximately $9,867,680.45. The trade was a 9.39% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,304 shares of company stock valued at $2,686,833. Corporate insiders own 0.70% of the company's stock.

About Nasdaq

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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