Point72 Europe London LLP Acquires Shares of 41,500 Nasdaq, Inc. (NASDAQ:NDAQ)

Point72 Europe London LLP bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 41,500 shares of the financial services provider’s stock, valued at approximately $3,030,000.

A number of other large investors also recently modified their holdings of NDAQ. Diamond Hill Capital Management Inc. lifted its holdings in Nasdaq by 2.0% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 4,767,175 shares of the financial services provider’s stock worth $287,270,000 after buying an additional 94,122 shares in the last quarter. Mizuho Securities USA LLC boosted its holdings in Nasdaq by 13,532.3% in the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock valued at $292,040,000 after acquiring an additional 3,970,658 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Nasdaq by 10.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,223,433 shares of the financial services provider’s stock worth $235,343,000 after purchasing an additional 313,079 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Nasdaq by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,443,939 shares of the financial services provider’s stock valued at $147,272,000 after purchasing an additional 82,606 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Nasdaq by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,358,843 shares of the financial services provider’s stock valued at $142,144,000 after purchasing an additional 174,778 shares during the period. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $82.99 on Friday. Nasdaq, Inc. has a 12 month low of $53.62 and a 12 month high of $83.77. The company’s fifty day simple moving average is $75.85 and its 200-day simple moving average is $68.66. The firm has a market cap of $47.70 billion, a PE ratio of 49.69, a P/E/G ratio of 3.23 and a beta of 0.95. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 EPS. Equities research analysts expect that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.24 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a yield of 1.16%. Nasdaq’s dividend payout ratio is 57.49%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NDAQ shares. Royal Bank of Canada reissued an “outperform” rating and set a $88.00 price target on shares of Nasdaq in a research note on Tuesday, November 19th. Morgan Stanley increased their price target on Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. William Blair initiated coverage on Nasdaq in a research note on Monday, November 25th. They set an “outperform” rating for the company. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Nasdaq from $78.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.87.

Insiders Place Their Bets

In other news, EVP Jeremy Skule sold 12,075 shares of Nasdaq stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the completion of the transaction, the executive vice president now owns 102,505 shares of the company’s stock, valued at $8,072,268.75. This trade represents a 10.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Pc Nelson Griggs sold 5,742 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total value of $444,086.28. Following the completion of the sale, the insider now owns 205,821 shares in the company, valued at $15,918,196.14. This represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,459 shares of company stock valued at $3,811,808 in the last 90 days. 0.70% of the stock is currently owned by insiders.

About Nasdaq

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.