Aperture Investors LLC Grows Stock Position in Nasdaq, Inc. $NDAQ

Aperture Investors LLC increased its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 15.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 136,978 shares of the financial services provider’s stock after buying an additional 18,559 shares during the quarter. Nasdaq comprises approximately 1.6% of Aperture Investors LLC’s holdings, making the stock its 28th largest holding. Aperture Investors LLC’s holdings in Nasdaq were worth $12,249,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Bruce G. Allen Investments LLC lifted its holdings in shares of Nasdaq by 72.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 120 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in Nasdaq in the 2nd quarter worth about $27,000. Access Investment Management LLC purchased a new stake in Nasdaq in the 2nd quarter worth about $28,000. CVA Family Office LLC lifted its stake in Nasdaq by 137.4% in 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 during the last quarter. Finally, AlphaQuest LLC purchased a new position in shares of Nasdaq during the first quarter valued at approximately $34,000. Institutional investors own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NDAQ. Weiss Ratings reissued a “buy (b-)” rating on shares of Nasdaq in a research note on Tuesday, October 14th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $108.00 target price on shares of Nasdaq in a research note on Thursday, October 9th. Cowen reaffirmed a “hold” rating on shares of Nasdaq in a research note on Wednesday, October 22nd. TD Cowen increased their price objective on Nasdaq from $94.00 to $96.00 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $100.00 target price (up from $99.00) on shares of Nasdaq in a research report on Monday, October 13th. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $101.00.

Nasdaq Trading Up 1.0%

Shares of NASDAQ:NDAQ opened at $90.72 on Wednesday. The business’s 50-day moving average is $88.17 and its 200 day moving average is $89.78. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.99. Nasdaq, Inc. has a 1 year low of $64.84 and a 1 year high of $97.63. The firm has a market capitalization of $51.80 billion, a P/E ratio of 32.40, a P/E/G ratio of 1.63 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, topping 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 business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The company’s revenue was up 14.7% on a year-over-year basis. On average, research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

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

Insiders Place Their Bets

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $85.40, for a total transaction of $179,767.00. Following the completion of the transaction, the executive vice president directly owned 84,974 shares of the company’s stock, valued at approximately $7,256,779.60. This trade represents a 2.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.70% of the company’s stock.

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.