25,473 Shares in Nasdaq, Inc. $NDAQ Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 25,473 shares of the financial services provider’s stock, valued at approximately $2,278,000. Nasdaq comprises about 0.8% of Lecap Asset Management Ltd.’s portfolio, making the stock its 21st biggest holding.

A number of other institutional investors have also made changes to their positions in NDAQ. Nuveen LLC acquired a new position in shares of Nasdaq during the 1st quarter worth approximately $241,614,000. Invesco Ltd. grew its holdings in Nasdaq by 40.8% in the 1st quarter. Invesco Ltd. now owns 5,494,271 shares of the financial services provider’s stock valued at $416,795,000 after buying an additional 1,592,057 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Nasdaq by 5.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,433,885 shares of the financial services provider’s stock valued at $1,550,115,000 after buying an additional 993,553 shares in the last quarter. Lord Abbett & CO. LLC grew its holdings in Nasdaq by 104.5% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,655,341 shares of the financial services provider’s stock valued at $125,574,000 after buying an additional 845,725 shares in the last quarter. Finally, Jefferies Financial Group Inc. grew its holdings in Nasdaq by 2,462.5% in the 1st quarter. Jefferies Financial Group Inc. now owns 788,249 shares of the financial services provider’s stock valued at $59,797,000 after buying an additional 757,488 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Jeremy Skule sold 2,105 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $95.49, for a total value of $201,006.45. Following the completion of the sale, the executive vice president owned 92,551 shares of the company’s stock, valued at approximately $8,837,694.99. This represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Michelle Lynn Daly sold 8,691 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $93.45, for a total value of $812,173.95. Following the completion of the sale, the senior vice president directly owned 8,879 shares of the company’s stock, valued at approximately $829,742.55. The trade was a 49.46% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

Nasdaq stock opened at $86.91 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $49.87 billion, a PE ratio of 33.43, a P/E/G ratio of 1.94 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 stock has a 50-day moving average price of $93.58 and a two-hundred day moving average price of $85.28.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.78 by $0.07. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%.The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the company earned $0.69 earnings per share. Analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. Nasdaq’s dividend payout ratio is presently 41.54%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on NDAQ shares. Piper Sandler upped their price objective on Nasdaq from $97.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Royal Bank Of Canada upped their price objective on Nasdaq from $95.00 to $108.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Barclays upped their price objective on Nasdaq from $101.00 to $109.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Oppenheimer reaffirmed an “outperform” rating and issued a $101.00 price objective (up from $96.00) on shares of Nasdaq in a report on Tuesday, July 15th. Finally, Keefe, Bruyette & Woods upped their price objective on Nasdaq from $103.00 to $104.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Fourteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Nasdaq presently has an average rating of “Moderate Buy” and a consensus price target of $97.31.

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.