Elevatus Welath Management Makes New $3.92 Million Investment in Nasdaq, Inc. $NDAQ

Elevatus Welath Management bought a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 40,306 shares of the financial services provider’s stock, valued at approximately $3,915,000. Nasdaq makes up about 1.1% of Elevatus Welath Management’s investment portfolio, making the stock its 29th largest position.

Several other large investors have also recently made changes to their positions in NDAQ. Mirae Asset Global Investments Co. Ltd. increased its position in Nasdaq by 41.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 77,090 shares of the financial services provider’s stock valued at $6,819,000 after buying an additional 22,685 shares in the last quarter. National Pension Service boosted its holdings in Nasdaq by 3.3% in the third quarter. National Pension Service now owns 605,551 shares of the financial services provider’s stock worth $53,561,000 after acquiring an additional 19,078 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Nasdaq by 6.9% in the third quarter. Vanguard Group Inc. now owns 59,648,406 shares of the financial services provider’s stock worth $5,275,902,000 after acquiring an additional 3,848,406 shares in the last quarter. Cibc World Market Inc. grew its stake in shares of Nasdaq by 162.1% in the third quarter. Cibc World Market Inc. now owns 25,447 shares of the financial services provider’s stock worth $2,251,000 after acquiring an additional 15,739 shares during the last quarter. Finally, Swedbank AB increased its holdings in shares of Nasdaq by 74.4% during the third quarter. Swedbank AB now owns 82,068 shares of the financial services provider’s stock valued at $7,259,000 after acquiring an additional 35,015 shares in the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NDAQ has been the subject of several recent analyst reports. Argus raised Nasdaq to a “strong-buy” rating in a research report on Wednesday, February 11th. Royal Bank Of Canada reissued an “outperform” rating and set a $108.00 price objective on shares of Nasdaq in a research report on Friday, January 30th. Morgan Stanley set a $116.00 price objective on shares of Nasdaq and gave the company an “overweight” rating in a research note on Friday, January 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Nasdaq in a report on Friday, January 9th. Finally, TD Cowen upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and upped their target price for the stock from $105.00 to $106.00 in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $103.80.

Nasdaq Trading Down 2.7%

Shares of NASDAQ:NDAQ opened at $81.48 on Friday. The company has a market cap of $46.32 billion, a P/E ratio of 26.37, a PEG ratio of 1.54 and a beta of 1.03. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01. Nasdaq, Inc. has a 1 year low of $64.84 and a 1 year high of $101.79. The stock’s fifty day moving average price is $87.69 and its 200-day moving average price is $90.09.

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

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, March 16th. Nasdaq’s dividend payout ratio (DPR) is presently 34.95%.

Insider Buying and Selling

In other news, CEO Adena T. Friedman sold 92,840 shares of Nasdaq stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $90.08, for a total value of $8,363,027.20. Following the completion of the sale, the chief executive officer directly owned 2,079,323 shares in the company, valued at $187,305,415.84. The trade was a 4.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John Zecca sold 4,500 shares of the business’s stock in a transaction that occurred 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 $12,568,656.74. The trade was a 3.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 697,340 shares of company stock valued at $66,803,072 over the last quarter. Company insiders own 0.70% of the company’s stock.

Nasdaq 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.