NEOS Investment Management LLC Buys 14,502 Shares of Nasdaq, Inc. $NDAQ

NEOS Investment Management LLC raised its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 48.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,699 shares of the financial services provider’s stock after acquiring an additional 14,502 shares during the period. NEOS Investment Management LLC’s holdings in Nasdaq were worth $3,954,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Front Row Advisors LLC purchased a new stake in shares of Nasdaq during the 2nd quarter worth $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Nasdaq in the 2nd quarter worth $27,000. Tripletail Wealth Management LLC acquired a new position in Nasdaq during the 3rd quarter valued at about $27,000. Access Investment Management LLC acquired a new stake in Nasdaq in the second quarter worth about $28,000. Finally, Westside Investment Management Inc. grew its stake in shares of Nasdaq by 100.0% during the third quarter. Westside Investment Management Inc. now owns 318 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 159 shares during the last quarter. Institutional investors own 72.47% of the company’s stock.

Nasdaq Price Performance

NDAQ stock opened at $81.41 on Friday. Nasdaq, Inc. has a 1 year low of $64.84 and a 1 year high of $101.79. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $46.28 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 1.35 and a beta of 1.02. The business has a 50 day simple moving average of $93.99 and a 200-day simple moving average of $91.80.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, January 29th. The financial services provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Nasdaq had a net margin of 21.77% and a return on equity of 16.90%. Nasdaq’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 posted $0.76 earnings per share. Equities research analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be paid a $0.27 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.08 dividend on an annualized basis and a yield of 1.3%. Nasdaq’s payout ratio is currently 34.95%.

Insider Activity at Nasdaq

In other Nasdaq news, EVP John Zecca sold 4,500 shares of the stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $100.01, for a total value of $450,045.00. Following the sale, the executive vice president directly owned 125,674 shares of the company’s stock, valued at approximately $12,568,656.74. This represents a 3.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Adena T. Friedman sold 300,000 shares of the firm’s 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 sale, the chief executive officer owned 1,924,903 shares in the company, valued at $185,541,400.17. The trade was a 13.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have 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.

Analyst Ratings Changes

NDAQ has been the subject of several research analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a $108.00 price objective on shares of Nasdaq in a research note on Friday, January 30th. Barclays reiterated an “overweight” rating and issued a $115.00 price target (up previously from $114.00) on shares of Nasdaq in a report on Friday, January 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Nasdaq in a research note on Friday, January 9th. TD Cowen raised their target price on shares of Nasdaq from $104.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, January 30th. Finally, Argus upgraded shares of Nasdaq to a “strong-buy” rating in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $103.13.

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.