Edgestream Partners L.P. Has $2.99 Million Holdings in Nasdaq, Inc. $NDAQ

Edgestream Partners L.P. lifted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 1,145.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,449 shares of the financial services provider’s stock after purchasing an additional 30,764 shares during the quarter. Edgestream Partners L.P.’s holdings in Nasdaq were worth $2,991,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. US Bancorp DE grew its stake in shares of Nasdaq by 35.9% during the second quarter. US Bancorp DE now owns 64,153 shares of the financial services provider’s stock valued at $5,737,000 after purchasing an additional 16,950 shares during the last quarter. Pallas Capital Advisors LLC bought a new position in Nasdaq in the 2nd quarter worth approximately $498,000. 111 Capital lifted its holdings in Nasdaq by 67.0% during the 2nd quarter. 111 Capital now owns 11,089 shares of the financial services provider’s stock worth $992,000 after buying an additional 4,450 shares in the last quarter. FORA Capital LLC acquired a new position in Nasdaq during the 1st quarter worth $664,000. Finally, Fiduciary Alliance LLC boosted its position in Nasdaq by 18.9% in the 2nd quarter. Fiduciary Alliance LLC now owns 25,012 shares of the financial services provider’s stock valued at $2,237,000 after buying an additional 3,976 shares during the last quarter. 72.47% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $85.40, for a total transaction of $179,767.00. Following the sale, the executive vice president owned 84,974 shares of the company’s stock, valued at $7,256,779.60. This trade represents a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is owned by company insiders.

Nasdaq Stock Up 2.2%

Shares of NASDAQ NDAQ opened at $90.29 on Friday. Nasdaq, Inc. has a 52-week low of $64.84 and a 52-week high of $97.63. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market cap of $51.55 billion, a P/E ratio of 32.25, a P/E/G ratio of 1.61 and a beta of 1.02. The firm has a 50 day moving average price of $88.05 and a 200 day moving average price of $89.48.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, topping 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 company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the firm posted $0.74 earnings per share. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. Analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, December 5th. Nasdaq’s payout ratio is presently 38.57%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NDAQ. TD Cowen boosted their target price on Nasdaq from $94.00 to $96.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Raymond James Financial reiterated an “outperform” rating and issued a $100.00 price objective (up from $99.00) on shares of Nasdaq in a research report on Monday, October 13th. Barclays set a $109.00 target price on shares of Nasdaq and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $108.00 price target on shares of Nasdaq in a research report on Thursday, October 9th. Finally, Morgan Stanley upgraded shares of Nasdaq from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $97.00 to $110.00 in a report on Thursday, November 20th. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Nasdaq currently has an average rating of “Moderate Buy” and a consensus price target of $101.00.

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.