Elo Mutual Pension Insurance Co Buys 15,782 Shares of Nasdaq, Inc. $NDAQ

Elo Mutual Pension Insurance Co increased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 36.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,748 shares of the financial services provider’s stock after purchasing an additional 15,782 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Nasdaq were worth $5,196,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its holdings in shares of Nasdaq by 3.8% during the first quarter. Empowered Funds LLC now owns 14,574 shares of the financial services provider’s stock worth $1,106,000 after buying an additional 538 shares in the last quarter. Woodline Partners LP grew its position in Nasdaq by 40.7% during the 1st quarter. Woodline Partners LP now owns 34,962 shares of the financial services provider’s stock worth $2,652,000 after acquiring an additional 10,110 shares during the last quarter. Focus Partners Wealth increased its holdings in Nasdaq by 22.0% in the 1st quarter. Focus Partners Wealth now owns 14,351 shares of the financial services provider’s stock worth $1,089,000 after purchasing an additional 2,584 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Nasdaq by 345.5% in the first quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 463 shares during the last quarter. Finally, Simon Quick Advisors LLC bought a new position in Nasdaq in the second quarter valued at about $232,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, CEO Adena T. Friedman sold 300,000 shares of Nasdaq stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $96.91, for a total value of $29,073,000.00. Following the completion of the sale, the chief executive officer directly owned 1,924,903 shares of the company’s stock, valued at approximately $186,542,349.73. The trade was a 13.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John Zecca sold 4,500 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $100.01, for a total transaction of $450,045.00. Following the transaction, the executive vice president owned 125,674 shares in the company, valued at $12,568,656.74. This represents a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 604,500 shares of company stock valued at $58,440,045 in the last quarter. 0.70% of the stock is currently owned by company insiders.

Nasdaq Stock Performance

NDAQ stock opened at $88.09 on Tuesday. The firm has a market cap of $50.07 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 1.44 and a beta of 1.04. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average price of $92.60 and a 200-day moving average price of $91.15. Nasdaq, Inc. has a 1-year low of $64.84 and a 1-year high of $101.79.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, January 29th. The financial services provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.37 billion. Nasdaq had a return on equity of 16.90% and a net margin of 21.77%.The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 EPS. As a group, equities research analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. Nasdaq’s dividend payout ratio (DPR) is 34.95%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NDAQ. Weiss Ratings restated a “buy (b-)” rating on shares of Nasdaq in a report on Friday, January 9th. Raymond James Financial restated an “outperform” rating and issued a $109.00 price target on shares of Nasdaq in a research report on Wednesday, February 25th. JPMorgan Chase & Co. raised their price target on shares of Nasdaq from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. TD Cowen raised shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $105.00 to $106.00 in a research note on Thursday, February 26th. Finally, Argus upgraded Nasdaq to a “strong-buy” rating in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Nasdaq has an average rating of “Buy” and a consensus target price of $103.80.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.