Susquehanna Fundamental Investments LLC Takes $17.71 Million Position in Nasdaq, Inc. $NDAQ

Key Points

• Susquehanna Fundamental Investments acquired 224,725 Nasdaq shares worth approximately $17.71 million, contributing to institutional ownership of 72.47%.
• Nasdaq reported quarterly EPS of $1.07, exceeding the $0.98 consensus estimate, while revenue rose 14.9% year over year to $2.53 billion.
• Analysts maintain a favorable outlook, with a consensus “Buy” rating and an average price target of $110.30 versus the stock’s $99.31 opening price; Nasdaq also declared a $0.31 quarterly dividend.

Susquehanna Fundamental Investments LLC bought a new stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 224,725 shares of the financial services provider's stock, valued at approximately $17,713,000.

Several other large investors have also recently bought and sold shares of NDAQ. Independent Advisor Alliance boosted its holdings in shares of Nasdaq by 2.6% in the 4th quarter. Independent Advisor Alliance now owns 4,574 shares of the financial services provider's stock valued at $444,000 after buying an additional 117 shares during the last quarter. Quantum Portfolio Management LLC raised its position in Nasdaq by 1.8% during the first quarter. Quantum Portfolio Management LLC now owns 7,144 shares of the financial services provider's stock worth $606,000 after acquiring an additional 123 shares in the last quarter. Avidian Wealth Enterprises LLC raised its position in Nasdaq by 5.2% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 2,713 shares of the financial services provider's stock worth $264,000 after acquiring an additional 133 shares in the last quarter. Fielder Capital Group LLC lifted its stake in Nasdaq by 3.1% in the fourth quarter. Fielder Capital Group LLC now owns 4,571 shares of the financial services provider's stock valued at $444,000 after acquiring an additional 137 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its position in shares of Nasdaq by 2.5% in the 1st quarter. Arkadios Wealth Advisors now owns 5,643 shares of the financial services provider's stock valued at $479,000 after acquiring an additional 137 shares during the period. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Price Performance

Nasdaq stock opened at $99.31 on Monday. The company has a market capitalization of $55.51 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 1.32 and a beta of 0.96. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a 12 month low of $76.55 and a 12 month high of $101.79. The stock's 50 day moving average is $91.20 and its 200-day moving average is $88.42.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.09. The business had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The firm's revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period last year, the firm posted $0.85 EPS. Equities research analysts expect that Nasdaq, Inc. will post 4.15 EPS for the current year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. Nasdaq's dividend payout ratio (DPR) is currently 36.15%.

Analysts Set New Price Targets

NDAQ has been the subject of several recent analyst reports. Zacks Research upgraded shares of Nasdaq from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 27th. Weiss Ratings restated a "buy (b)" rating on shares of Nasdaq in a research note on Monday, July 20th. Morgan Stanley reaffirmed an "overweight" rating and issued a $120.00 price objective on shares of Nasdaq in a research report on Friday, July 24th. Keefe, Bruyette & Woods boosted their target price on Nasdaq from $92.00 to $102.00 and gave the stock a "market perform" rating in a report on Friday, July 24th. Finally, Barclays restated an "overweight" rating and issued a $111.00 price target (up from $108.00) on shares of Nasdaq in a research note on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $110.30.

Insider Transactions at Nasdaq

In other news, insider Pc Nelson Griggs sold 11,010 shares of the business's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $96.35, for a total value of $1,060,813.50. Following the completion of the sale, the insider owned 205,001 shares of the company's stock, valued at approximately $19,751,846.35. The trade was a 5.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Bradley J. Peterson sold 13,000 shares of the company's stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $92.61, for a total transaction of $1,203,930.00. Following the completion of the transaction, the executive vice president owned 128,293 shares in the company, valued at $11,881,214.73. This trade represents a 9.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 41,797 shares of company stock valued at $3,926,319. 0.60% of the stock is currently owned by corporate insiders.

Nasdaq Profile

Nasdaq, Inc is a global financial technology company that operates one of the world's leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.

Want to see what other hedge funds are holding NDAQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nasdaq, Inc. (NASDAQ:NDAQ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source