Waterloo Capital L.P. Makes New Investment in Nasdaq, Inc. $NDAQ

Waterloo Capital L.P. bought a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,124 shares of the financial services provider’s stock, valued at approximately $458,000.

Other institutional investors also recently bought and sold shares of the company. Bruce G. Allen Investments LLC increased its holdings in shares of Nasdaq by 72.7% in the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 120 shares during the period. Access Investment Management LLC purchased a new position in shares of Nasdaq in the 2nd quarter valued at about $28,000. CVA Family Office LLC boosted its position in Nasdaq by 137.4% during the second quarter. CVA Family Office LLC now owns 368 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 213 shares in the last quarter. AlphaQuest LLC acquired a new position in shares of Nasdaq during the 1st quarter worth approximately $34,000. Finally, Evelyn Partners Asset Management Ltd lifted its position in shares of Nasdaq by 268.6% during the 2nd quarter. Evelyn Partners Asset Management Ltd now owns 387 shares of the financial services provider’s stock valued at $35,000 after buying an additional 282 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $88.44 on Tuesday. The firm has a market cap of $50.50 billion, a PE ratio of 31.59, a P/E/G 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’s fifty day simple moving average is $88.05 and its 200-day simple moving average is $89.12. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.72.

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

Nasdaq Announces Dividend

The company 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 yield of 1.2%. The ex-dividend date of this dividend is Friday, December 5th. Nasdaq’s dividend payout ratio is 38.57%.

Insider Buying and Selling at Nasdaq

In related news, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $85.40, for a total transaction of $179,767.00. Following the transaction, the executive vice president directly owned 84,974 shares of the company’s stock, valued at $7,256,779.60. This trade represents a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NDAQ. Cowen reissued a “hold” rating on shares of Nasdaq in a research report on Wednesday, October 22nd. Morgan Stanley upgraded shares of Nasdaq from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $97.00 to $110.00 in a research report on Thursday, November 20th. Piper Sandler upped their price objective on Nasdaq from $97.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Barclays set a $109.00 target price on shares of Nasdaq and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $108.00 price target on shares of Nasdaq in a research report on Thursday, October 9th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Nasdaq currently has an average rating of “Moderate Buy” and an average price target of $101.00.

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.