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

Dynamic Technology Lab Private Ltd bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 20,637 shares of the financial services provider’s stock, valued at approximately $1,507,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Mizuho Securities USA LLC boosted its stake in shares of Nasdaq by 13,532.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock valued at $292,040,000 after purchasing an additional 3,970,658 shares in the last quarter. Farallon Capital Management LLC grew its stake in shares of Nasdaq by 28.4% during the first quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock valued at $532,357,000 after buying an additional 1,866,219 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Nasdaq by 67.6% in the second quarter. Principal Financial Group Inc. now owns 2,022,546 shares of the financial services provider’s stock worth $121,879,000 after buying an additional 815,946 shares during the period. National Bank of Canada FI lifted its stake in shares of Nasdaq by 435.6% in the 2nd quarter. National Bank of Canada FI now owns 645,359 shares of the financial services provider’s stock valued at $38,386,000 after acquiring an additional 524,874 shares during the last quarter. Finally, Shapiro Capital Management LLC boosted its holdings in Nasdaq by 34.4% during the 2nd quarter. Shapiro Capital Management LLC now owns 1,887,199 shares of the financial services provider’s stock valued at $113,723,000 after acquiring an additional 483,361 shares during the period. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In related news, EVP Bradley J. Peterson sold 13,642 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total value 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 approximately $10,757,955.60. This trade represents a 8.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeremy Skule sold 12,075 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the sale, the executive vice president now owns 102,505 shares in the company, valued at approximately $8,072,268.75. This trade represents a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,459 shares of company stock worth $3,811,808 in the last quarter. 0.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on NDAQ. William Blair started coverage on Nasdaq in a research note on Monday. They issued an “outperform” rating on the stock. Barclays lifted their target price on shares of Nasdaq from $84.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. The Goldman Sachs Group increased their price target on shares of Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. TD Cowen dropped their target price on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a report on Monday, October 28th. Finally, Raymond James raised Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 target price on the stock in a research note on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and a consensus price target of $80.87.

Nasdaq Stock Performance

Shares of Nasdaq stock opened at $81.52 on Tuesday. The business has a fifty day simple moving average of $75.27 and a two-hundred day simple moving average of $68.30. The firm has a market capitalization of $46.85 billion, a P/E ratio of 48.81, a P/E/G ratio of 3.16 and a beta of 0.95. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq, Inc. has a 12 month low of $53.62 and a 12 month high of $82.39.

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

Nasdaq Announces Dividend

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

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.