Parkwood LLC Invests $2.47 Million in Nasdaq, Inc. $NDAQ

Key Points

• Parkwood LLC acquired a stake in Nasdaq, purchasing 32,600 shares valued at approximately $2,473,000 in the first quarter.
• Nasdaq recently reported earnings per share (EPS) of $0.85 for the last quarter, exceeding analysts' expectations of $0.78, with a revenue of $1.31 billion.
• The company announced a quarterly dividend of $0.27 per share, which will be paid on September 26th, representing an annualized yield of 1.2%.

Parkwood LLC purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 32,600 shares of the financial services provider's stock, valued at approximately $2,473,000.

Several other institutional investors and hedge funds also recently modified their holdings of NDAQ. Captrust Financial Advisors lifted its holdings in shares of Nasdaq by 19.0% in the fourth quarter. Captrust Financial Advisors now owns 15,571 shares of the financial services provider's stock valued at $1,204,000 after purchasing an additional 2,481 shares in the last quarter. Centiva Capital LP purchased a new stake in shares of Nasdaq in the fourth quarter valued at about $436,000. Cetera Investment Advisers lifted its holdings in shares of Nasdaq by 11.7% in the fourth quarter. Cetera Investment Advisers now owns 27,221 shares of the financial services provider's stock valued at $2,104,000 after purchasing an additional 2,844 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Nasdaq by 15.4% in the fourth quarter. Deutsche Bank AG now owns 1,615,582 shares of the financial services provider's stock valued at $124,901,000 after purchasing an additional 216,078 shares in the last quarter. Finally, Farallon Capital Management LLC lifted its holdings in shares of Nasdaq by 6.3% in the fourth quarter. Farallon Capital Management LLC now owns 3,998,019 shares of the financial services provider's stock valued at $309,087,000 after purchasing an additional 235,748 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company's stock.

Nasdaq Trading Down 0.1%

NDAQ stock traded down $0.11 on Tuesday, hitting $94.88. 2,652,978 shares of the company were exchanged, compared to its average volume of 2,533,869. Nasdaq, Inc. has a twelve month low of $64.84 and a twelve month high of $97.63. 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 business's fifty day moving average is $93.30 and its two-hundred day moving average is $83.87. The stock has a market capitalization of $54.44 billion, a price-to-earnings ratio of 36.49, a price-to-earnings-growth ratio of 2.08 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1.26 billion. During the same period in the previous year, the firm earned $0.69 earnings per share. Nasdaq's revenue for the quarter was up 12.7% on a year-over-year basis. As a group, research analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, September 12th. Nasdaq's payout ratio is currently 41.54%.

Insiders Place Their Bets

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $95.49, for a total transaction of $201,006.45. Following the completion of the sale, the executive vice president directly owned 92,551 shares in the company, valued at $8,837,694.99. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michelle Lynn Daly sold 8,691 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $93.45, for a total transaction of $812,173.95. Following the sale, 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 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 owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NDAQ shares. Citigroup reiterated a "neutral" rating on shares of Nasdaq in a report on Wednesday, July 9th. 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. Keefe, Bruyette & Woods boosted their price target on Nasdaq from $103.00 to $104.00 and gave the company an "outperform" rating in a report on Friday, July 25th. 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. Finally, 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. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $97.06.

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.