Sage Mountain Advisors LLC Acquires New Stake in Nasdaq, Inc. $NDAQ

Sage Mountain Advisors LLC acquired a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,535 shares of the financial services provider’s stock, valued at approximately $227,000.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. increased its position in Nasdaq by 1.2% during the first quarter. Principal Financial Group Inc. now owns 2,268,620 shares of the financial services provider’s stock valued at $172,098,000 after acquiring an additional 27,622 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co purchased a new stake in Nasdaq during the first quarter valued at $222,000. 111 Capital increased its position in Nasdaq by 67.0% during the second quarter. 111 Capital now owns 11,089 shares of the financial services provider’s stock valued at $992,000 after acquiring an additional 4,450 shares during the last quarter. IFM Investors Pty Ltd increased its position in Nasdaq by 7.9% during the first quarter. IFM Investors Pty Ltd now owns 96,686 shares of the financial services provider’s stock valued at $7,059,000 after acquiring an additional 7,091 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in Nasdaq by 192.2% during the first quarter. Teacher Retirement System of Texas now owns 177,192 shares of the financial services provider’s stock valued at $13,442,000 after acquiring an additional 116,545 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $95.49, for a total transaction of $201,006.45. Following the transaction, the executive vice president directly owned 92,551 shares in the company, valued at $8,837,694.99. This trade represents a 2.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NDAQ. TD Cowen boosted their price target on Nasdaq from $94.00 to $96.00 and gave the company a “hold” rating in a report on Wednesday, October 22nd. Morgan Stanley set a $90.00 price target on Nasdaq and gave the company an “equal weight” rating in a report on Wednesday, October 1st. Royal Bank Of Canada reissued an “outperform” rating and set a $108.00 price target on shares of Nasdaq in a report on Thursday, October 9th. Deutsche Bank Aktiengesellschaft boosted their price target on Nasdaq from $97.00 to $105.00 and gave the company a “buy” rating in a report on Friday, July 25th. Finally, Cowen reissued a “hold” rating on shares of Nasdaq in a report on Wednesday. Fifteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $98.56.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $88.44 on Monday. The firm has a market cap of $50.50 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 1.85 and a beta of 0.98. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.72. The business has a 50-day moving average price of $91.22 and a 200-day moving average price of $87.20. Nasdaq, Inc. has a twelve month low of $64.84 and a twelve month high of $97.63.

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

Nasdaq Dividend Announcement

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

Nasdaq 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.