R Squared Ltd Acquires 518 Shares of Nasdaq, Inc. $NDAQ

R Squared Ltd boosted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 10.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 5,668 shares of the financial services provider’s stock after acquiring an additional 518 shares during the period. R Squared Ltd’s holdings in Nasdaq were worth $507,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of NDAQ. Principal Financial Group Inc. raised its position in shares of Nasdaq by 1.2% in the first quarter. Principal Financial Group Inc. now owns 2,268,620 shares of the financial services provider’s stock valued at $172,098,000 after buying an additional 27,622 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co acquired a new position in Nasdaq in the 1st quarter valued at $222,000. 111 Capital lifted its position in shares of Nasdaq by 67.0% during the 2nd quarter. 111 Capital now owns 11,089 shares of the financial services provider’s stock valued at $992,000 after acquiring an additional 4,450 shares during the period. IFM Investors Pty Ltd grew its holdings in shares of Nasdaq by 7.9% during the 1st quarter. IFM Investors Pty Ltd now owns 96,686 shares of the financial services provider’s stock worth $7,059,000 after purchasing an additional 7,091 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of Nasdaq by 71.8% in the first quarter. International Assets Investment Management LLC now owns 8,389 shares of the financial services provider’s stock worth $636,000 after purchasing an additional 3,506 shares during the period. Institutional investors own 72.47% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Piper Sandler upped their price objective on shares of Nasdaq from $97.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. UBS Group upgraded shares of Nasdaq from a “neutral” rating to a “buy” rating and increased their price target for the stock from $95.00 to $115.00 in a research report on Friday, July 25th. Raymond James Financial restated an “outperform” rating and set a $100.00 price objective (up from $99.00) on shares of Nasdaq in a research report on Monday, October 13th. Cowen reiterated a “hold” rating on shares of Nasdaq in a research note on Wednesday. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $108.00 price objective on shares of Nasdaq in a research report on Thursday, October 9th. Fifteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $98.56.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $88.82 on Friday. The firm has a market capitalization of $50.96 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 1.94 and a beta of 0.98. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.72. The business’s 50-day moving average price is $91.35 and its 200-day moving average price is $86.80. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $97.63.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business earned $0.74 EPS. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. Equities research analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. Nasdaq’s payout ratio is currently 41.54%.

Insiders Place Their Bets

In related news, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $95.49, for a total transaction of $201,006.45. Following the completion of the transaction, the executive vice president directly owned 92,551 shares of the company’s stock, valued at $8,837,694.99. This trade represents a 2.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is owned by insiders.

Nasdaq Company Profile

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.