Dundas Partners LLP Purchases 29,524 Shares of Nasdaq, Inc. $NDAQ

Dundas Partners LLP increased its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 5.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 530,283 shares of the financial services provider’s stock after acquiring an additional 29,524 shares during the period. Nasdaq makes up approximately 3.3% of Dundas Partners LLP’s investment portfolio, making the stock its 13th biggest position. Dundas Partners LLP owned 0.09% of Nasdaq worth $46,904,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Empowered Funds LLC grew its holdings in shares of Nasdaq by 3.8% in the first quarter. Empowered Funds LLC now owns 14,574 shares of the financial services provider’s stock worth $1,106,000 after purchasing an additional 538 shares during the last quarter. Woodline Partners LP increased its holdings in shares of Nasdaq by 40.7% in the 1st quarter. Woodline Partners LP now owns 34,962 shares of the financial services provider’s stock valued at $2,652,000 after acquiring an additional 10,110 shares during the period. Focus Partners Wealth grew its stake in Nasdaq by 22.0% in the first quarter. Focus Partners Wealth now owns 14,351 shares of the financial services provider’s stock valued at $1,089,000 after purchasing an additional 2,584 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Nasdaq by 345.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 463 shares in the last quarter. Finally, Savant Capital LLC increased its position in shares of Nasdaq by 61.7% during the second quarter. Savant Capital LLC now owns 30,134 shares of the financial services provider’s stock worth $2,695,000 after purchasing an additional 11,495 shares in the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NDAQ has been the topic of a number of recent analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $108.00 price target on shares of Nasdaq in a research note on Friday, January 30th. Raymond James Financial reaffirmed an “outperform” rating and set a $109.00 price target on shares of Nasdaq in a research report on Wednesday, February 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Nasdaq in a research note on Friday, January 9th. Barclays reiterated an “overweight” rating and issued a $115.00 target price (up from $114.00) on shares of Nasdaq in a research note on Friday, January 30th. Finally, Argus upgraded shares of Nasdaq to a “strong-buy” rating in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Nasdaq has an average rating of “Buy” and an average target price of $103.80.

Nasdaq Trading Up 0.2%

Shares of NDAQ opened at $88.43 on Monday. The firm has a 50-day moving average price of $91.78 and a 200 day moving average price of $90.98. Nasdaq, Inc. has a 12-month low of $64.84 and a 12-month high of $101.79. 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 firm has a market capitalization of $50.27 billion, a P/E ratio of 28.62, a P/E/G ratio of 1.45 and a beta of 1.04.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.04. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.37 billion. Nasdaq had a net margin of 21.77% and a return on equity of 16.90%. Nasdaq’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. Sell-side analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The firm 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. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, March 16th. Nasdaq’s dividend payout ratio is currently 34.95%.

Insiders Place Their Bets

In other Nasdaq news, EVP John Zecca sold 4,500 shares of the firm’s stock in a transaction on 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 directly owned 125,674 shares of the company’s stock, valued at approximately $12,568,656.74. This trade represents a 3.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Adena T. Friedman sold 300,000 shares of Nasdaq stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $96.39, for a total transaction of $28,917,000.00. Following the completion of the transaction, the chief executive officer owned 1,924,903 shares in the company, valued at approximately $185,541,400.17. This trade represents a 13.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 604,500 shares of company stock worth $58,440,045 over the last ninety days. Insiders own 0.70% of the company’s stock.

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.