Kepler Cheuvreux Suisse SA Invests $748,000 in Nasdaq, Inc. $NDAQ

Kepler Cheuvreux Suisse SA purchased a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,703 shares of the financial services provider’s stock, valued at approximately $748,000.

Several other institutional investors have also modified their holdings of NDAQ. Westside Investment Management Inc. raised its position in shares of Nasdaq by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 318 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 159 shares during the last quarter. SOA Wealth Advisors LLC. acquired a new position in shares of Nasdaq during the 4th quarter worth approximately $34,000. Community Bank N.A. acquired a new position in shares of Nasdaq during the 3rd quarter worth approximately $45,000. Geneos Wealth Management Inc. raised its position in shares of Nasdaq by 345.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 463 shares during the last quarter. Finally, Washington Trust Advisors Inc. acquired a new position in shares of Nasdaq during the 4th quarter worth approximately $47,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Trading Down 0.5%

Shares of NDAQ opened at $88.48 on Tuesday. The stock has a fifty day moving average of $87.07 and a two-hundred day moving average of $89.65. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $50.04 billion, a PE ratio of 26.65, a price-to-earnings-growth ratio of 1.81 and a beta of 0.98. Nasdaq, Inc. has a fifty-two week low of $77.09 and a fifty-two week high of $101.79.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $1.42 billion. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.79 EPS. As a group, analysts forecast that Nasdaq, Inc. will post 3.86 EPS for the current year.

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, June 12th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.27. Nasdaq’s payout ratio is currently 32.53%.

Insider Transactions at Nasdaq

In other news, insider Cohen Tal sold 15,518 shares of the company’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $90.75, for a total transaction of $1,408,258.50. Following the completion of the sale, the insider directly owned 215,208 shares in the company, valued at $19,530,126. This represents a 6.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Michelle Lynn Daly sold 1,323 shares of the company’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $88.82, for a total value of $117,508.86. Following the sale, the senior vice president owned 10,089 shares of the company’s stock, valued at approximately $896,104.98. The trade was a 11.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 231,002 shares of company stock valued at $20,295,941. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NDAQ. Morgan Stanley set a $116.00 price objective on Nasdaq and gave the stock an “overweight” rating in a research report on Friday, January 30th. TD Cowen upgraded Nasdaq from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $105.00 to $106.00 in a research report on Thursday, February 26th. Royal Bank Of Canada restated an “outperform” rating and set a $108.00 price objective on shares of Nasdaq in a research report on Friday, January 30th. Raymond James Financial restated an “outperform” rating and set a $109.00 price objective on shares of Nasdaq in a research report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. lifted their price objective on Nasdaq from $100.00 to $101.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Nasdaq presently has a consensus rating of “Moderate Buy” and an average target price of $107.15.

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.