Fox Run Management L.L.C. Acquires Shares of 5,469 Nasdaq, Inc. $NDAQ

Fox Run Management L.L.C. bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,469 shares of the financial services provider’s stock, valued at approximately $489,000.

A number of other large investors also recently made changes to their positions in the company. 111 Capital increased its stake in Nasdaq by 67.0% in the 2nd quarter. 111 Capital now owns 11,089 shares of the financial services provider’s stock valued at $992,000 after buying an additional 4,450 shares during the last quarter. Fiduciary Alliance LLC grew its holdings in shares of Nasdaq by 18.9% in the second quarter. Fiduciary Alliance LLC now owns 25,012 shares of the financial services provider’s stock valued at $2,237,000 after acquiring an additional 3,976 shares in the last quarter. FORA Capital LLC purchased a new stake in shares of Nasdaq during the first quarter valued at approximately $664,000. US Bancorp DE increased its position in shares of Nasdaq by 35.9% during the second quarter. US Bancorp DE now owns 64,153 shares of the financial services provider’s stock valued at $5,737,000 after acquiring an additional 16,950 shares during the last quarter. Finally, Czech National Bank lifted its holdings in Nasdaq by 6.3% during the second quarter. Czech National Bank now owns 101,041 shares of the financial services provider’s stock worth $9,035,000 after acquiring an additional 6,005 shares during the period. 72.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Piper Sandler upped their price objective on Nasdaq from $97.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. The Goldman Sachs Group restated a “buy” rating on shares of Nasdaq in a research note on Friday, July 25th. Oppenheimer reiterated an “outperform” rating and set a $101.00 price target (up previously from $96.00) on shares of Nasdaq in a research note on Tuesday, July 15th. Royal Bank Of Canada reissued an “outperform” rating and issued a $108.00 price objective on shares of Nasdaq in a report on Thursday, October 9th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $100.00 price objective (up from $99.00) on shares of Nasdaq in a report on Monday, October 13th. Fourteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Nasdaq has a consensus rating of “Moderate Buy” and a consensus price target of $99.67.

Nasdaq Price Performance

NDAQ stock opened at $87.83 on Wednesday. The firm has a 50 day moving average of $89.35 and a 200-day moving average of $88.50. The firm has a market capitalization of $50.15 billion, a P/E ratio of 31.37, a price-to-earnings-growth ratio of 1.79 and a beta of 0.98. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $97.63. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.06. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 EPS. As a group, sell-side analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, December 5th. Nasdaq’s dividend payout ratio is currently 38.57%.

Insider Buying and Selling at Nasdaq

In other news, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $85.40, for a total transaction of $179,767.00. Following the completion of the sale, the executive vice president owned 84,974 shares in the company, valued at approximately $7,256,779.60. This trade represents a 2.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.70% of the stock is currently owned by insiders.

About Nasdaq

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.