Dynamic Technology Lab Private Ltd Purchases New Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Dynamic Technology Lab Private Ltd acquired a new position in Nasdaq, Inc. (NASDAQ:NDAQ) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,637 shares of the financial services provider’s stock, valued at approximately $1,507,000.

Several other institutional investors have also added to or reduced their stakes in NDAQ. Y.D. More Investments Ltd grew its stake in shares of Nasdaq by 94.8% during the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after buying an additional 202 shares during the last quarter. Hobbs Group Advisors LLC bought a new position in Nasdaq in the 2nd quarter valued at $26,000. Catalyst Capital Advisors LLC purchased a new stake in Nasdaq in the third quarter worth $27,000. Crewe Advisors LLC lifted its position in shares of Nasdaq by 164.4% during the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 314 shares during the last quarter. Finally, LRI Investments LLC purchased a new stake in shares of Nasdaq during the first quarter valued at $31,000. Institutional investors own 72.47% of the company’s stock.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $81.52 on Tuesday. Nasdaq, Inc. has a fifty-two week low of $53.62 and a fifty-two week high of $82.39. The company has a market cap of $46.85 billion, a PE ratio of 48.81, a P/E/G ratio of 3.16 and a beta of 0.95. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. The business has a 50-day simple moving average of $75.27 and a two-hundred day simple moving average of $68.30.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. Nasdaq’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same period last year, the business earned $0.71 EPS. As a group, equities analysts expect that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a yield of 1.18%. Nasdaq’s dividend payout ratio (DPR) is 57.49%.

Insiders Place Their Bets

In related news, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the transaction, the executive vice president now owns 142,830 shares of the company’s stock, valued at $10,757,955.60. This trade represents a 8.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jeremy Skule sold 12,075 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the completion of the sale, the executive vice president now directly owns 102,505 shares in the company, valued at approximately $8,072,268.75. The trade was a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,459 shares of company stock valued at $3,811,808. 0.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NDAQ shares. Oppenheimer lifted their price objective on shares of Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, October 25th. The Goldman Sachs Group lifted their price target on shares of Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $88.00 price objective on shares of Nasdaq in a research note on Tuesday, November 19th. Piper Sandler upped their target price on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Finally, William Blair started coverage on Nasdaq in a research note on Monday. They set an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.87.

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.