Point72 Europe London LLP Purchases New Shares in Nasdaq, Inc. (NASDAQ:NDAQ)

Point72 Europe London LLP acquired a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 41,500 shares of the financial services provider’s stock, valued at approximately $3,030,000.

A number of other institutional investors have also recently bought and sold shares of NDAQ. Price T Rowe Associates Inc. MD raised its position in shares of Nasdaq by 12.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 517,000 shares of the financial services provider’s stock valued at $32,624,000 after buying an additional 57,900 shares in the last quarter. Swedbank AB acquired a new stake in shares of Nasdaq during the 1st quarter worth $2,595,000. Diversified Trust Co increased its position in shares of Nasdaq by 45.2% in the second quarter. Diversified Trust Co now owns 28,813 shares of the financial services provider’s stock worth $1,736,000 after purchasing an additional 8,974 shares during the period. Cetera Investment Advisers raised its stake in Nasdaq by 52.7% in the first quarter. Cetera Investment Advisers now owns 30,214 shares of the financial services provider’s stock valued at $1,907,000 after purchasing an additional 10,427 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC lifted its position in Nasdaq by 8.9% during the second quarter. Foster Victor Wealth Advisors LLC now owns 289,016 shares of the financial services provider’s stock worth $18,295,000 after purchasing an additional 23,557 shares during the period. Institutional investors own 72.47% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on NDAQ. William Blair initiated coverage on shares of Nasdaq in a report on Monday, November 25th. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Nasdaq from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Argus raised their target price on Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. The Goldman Sachs Group boosted their price target on Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Barclays lifted their target price on Nasdaq from $84.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.87.

Insiders Place Their Bets

In related news, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the sale, the executive vice president now owns 142,830 shares in the company, valued at $10,757,955.60. This represents a 8.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeremy Skule sold 12,075 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $78.75, for a total value of $950,906.25. Following the sale, the executive vice president now directly owns 102,505 shares of the company’s stock, valued at $8,072,268.75. This represents a 10.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,459 shares of company stock worth $3,811,808. 0.70% of the stock is currently owned by insiders.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ opened at $82.99 on Friday. The firm has a market cap of $47.70 billion, a PE ratio of 49.69, a price-to-earnings-growth ratio of 3.23 and a beta of 0.95. Nasdaq, Inc. has a 52 week low of $53.62 and a 52 week high of $83.77. The firm’s fifty day moving average is $75.85 and its 200-day moving average is $68.66. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business’s revenue was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.71 EPS. Sell-side analysts predict that Nasdaq, Inc. will post 2.79 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s dividend payout ratio is presently 57.49%.

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.