TritonPoint Partners LLC Acquires Shares of 8,698 Nasdaq, Inc. $NDAQ

TritonPoint Partners LLC acquired a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 8,698 shares of the financial services provider’s stock, valued at approximately $845,000.

Several other large investors have also bought and sold shares of NDAQ. Empowered Funds LLC boosted its stake in shares of Nasdaq by 3.8% in the 1st quarter. Empowered Funds LLC now owns 14,574 shares of the financial services provider’s stock worth $1,106,000 after buying an additional 538 shares during the last quarter. Woodline Partners LP boosted its stake in shares of Nasdaq by 40.7% in the 1st quarter. Woodline Partners LP now owns 34,962 shares of the financial services provider’s stock worth $2,652,000 after buying an additional 10,110 shares during the last quarter. Focus Partners Wealth boosted its stake in shares of Nasdaq by 22.0% in the 1st quarter. Focus Partners Wealth now owns 14,351 shares of the financial services provider’s stock worth $1,089,000 after buying an additional 2,584 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Nasdaq by 345.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock worth $45,000 after buying an additional 463 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its stake in shares of Nasdaq by 4.4% in the 2nd quarter. Guggenheim Capital LLC now owns 11,386 shares of the financial services provider’s stock worth $1,018,000 after buying an additional 481 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NDAQ shares. Weiss Ratings restated a “buy (b)” rating on shares of Nasdaq in a research note on Wednesday, April 22nd. Raymond James Financial restated an “outperform” rating and issued a $109.00 target price on shares of Nasdaq in a research note on Wednesday, February 25th. Rothschild & Co Redburn set a $110.00 target price on Nasdaq in a research note on Thursday. Keefe, Bruyette & Woods boosted their target price on Nasdaq from $92.00 to $97.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Finally, Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Nasdaq has a consensus rating of “Moderate Buy” and an average price target of $107.36.

Insider Transactions at Nasdaq

In other Nasdaq news, CEO Adena T. Friedman sold 113,611 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $85.44, for a total transaction of $9,706,923.84. Following the sale, the chief executive officer owned 1,965,751 shares in the company, valued at $167,953,765.44. This represents a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Michelle Lynn Daly sold 1,323 shares of the 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 in the company, valued at approximately $896,104.98. This represents a 11.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 138,162 shares of company stock worth $11,932,913 in the last ninety days. Company insiders own 0.60% of the company’s stock.

Nasdaq Price Performance

Nasdaq stock opened at $88.98 on Monday. Nasdaq, Inc. has a 12 month low of $77.09 and a 12 month high of $101.79. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The business’s 50 day simple moving average is $88.88 and its 200 day simple moving average is $90.11. The company has a market cap of $50.32 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.78 and a beta of 0.97.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the business earned $0.79 earnings per share. Nasdaq’s revenue for the quarter was up 13.7% on a year-over-year basis. Sell-side 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. Investors of record on Friday, June 12th will be paid a $0.31 dividend. The ex-dividend date is Friday, June 12th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.27. This represents a $1.24 annualized dividend and a yield of 1.4%. Nasdaq’s dividend payout ratio (DPR) is currently 37.35%.

Nasdaq Company 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.