36,000 Shares in Nasdaq, Inc. $NDAQ Acquired by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd purchased a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 36,000 shares of the financial services provider’s stock, valued at approximately $3,497,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SOA Wealth Advisors LLC. bought a new position in shares of Nasdaq in the fourth quarter valued at approximately $34,000. Nemes Rush Group LLC bought a new position in shares of Nasdaq in the fourth quarter valued at approximately $35,000. Fideuram Asset Management Ireland dac bought a new position in shares of Nasdaq in the fourth quarter valued at approximately $37,000. Kemnay Advisory Services Inc. bought a new position in shares of Nasdaq in the fourth quarter valued at approximately $44,000. Finally, Elyxium Wealth LLC bought a new position in shares of Nasdaq in the fourth quarter valued at approximately $44,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Nasdaq

In related news, SVP Michelle Lynn Daly sold 1,323 shares of Nasdaq stock in a transaction on Friday, April 24th. The stock was sold at an average price of $88.82, for a total transaction of $117,508.86. Following the completion of the sale, the senior vice president owned 10,089 shares of the company’s stock, valued at approximately $896,104.98. This trade represents a 11.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Ab Investor acquired 56,782 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average cost of $85.98 per share, with a total value of $4,882,116.36. Following the purchase, the insider directly owned 58,439,208 shares of the company’s stock, valued at $5,024,603,103.84. This trade represents a 0.10% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 138,162 shares of company stock valued at $11,932,913 in the last ninety days. 0.60% of the stock is currently owned by corporate insiders.

Nasdaq Stock Performance

Shares of NDAQ opened at $89.29 on Wednesday. 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 company has a market capitalization of $50.50 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 1.82 and a beta of 0.97. The stock has a 50 day moving average of $89.02 and a 200 day moving average of $90.12. Nasdaq, Inc. has a 12 month low of $77.09 and a 12 month high of $101.79.

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

Nasdaq Increases Dividend

The firm 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 dividend of $0.31 per share. 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%. The ex-dividend date of this dividend is Friday, June 12th. Nasdaq’s dividend payout ratio is 37.35%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Rothschild & Co Redburn set a $110.00 target price on Nasdaq in a report on Thursday, June 11th. Keefe, Bruyette & Woods raised their target price on Nasdaq from $92.00 to $97.00 and gave the company a “market perform” rating in a report on Friday, April 24th. Raymond James Financial restated an “outperform” rating and issued a $109.00 target price on shares of Nasdaq in a report on Wednesday, February 25th. Wall Street Zen raised Nasdaq from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nasdaq in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $107.36.

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.