Public Sector Pension Investment Board Buys 7,569 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Public Sector Pension Investment Board increased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 11.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,063 shares of the financial services provider’s stock after purchasing an additional 7,569 shares during the quarter. Public Sector Pension Investment Board’s holdings in Nasdaq were worth $5,261,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Swedbank AB acquired a new position in shares of Nasdaq in the 1st quarter valued at approximately $2,595,000. Diversified Trust Co raised its position in Nasdaq by 45.2% during the second quarter. Diversified Trust Co now owns 28,813 shares of the financial services provider’s stock valued at $1,736,000 after purchasing an additional 8,974 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Nasdaq by 52.7% in the 1st quarter. Cetera Investment Advisers now owns 30,214 shares of the financial services provider’s stock valued at $1,907,000 after purchasing an additional 10,427 shares in the last quarter. Foster Victor Wealth Advisors LLC increased its stake in shares of Nasdaq by 8.9% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 289,016 shares of the financial services provider’s stock valued at $18,295,000 after purchasing an additional 23,557 shares during the last quarter. Finally, DNB Asset Management AS lifted its position in shares of Nasdaq by 18.7% during the 2nd quarter. DNB Asset Management AS now owns 65,255 shares of the financial services provider’s stock worth $3,932,000 after buying an additional 10,286 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Stock Performance

Shares of Nasdaq stock opened at $82.99 on Monday. The business has a 50-day moving average price of $76.02 and a two-hundred day moving average price of $68.87. Nasdaq, Inc. has a 1-year low of $53.62 and a 1-year high of $83.77. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. The company has a market cap of $47.70 billion, a P/E ratio of 49.69, a PEG ratio of 3.23 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last released its 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. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the firm posted $0.71 earnings per share. The firm’s revenue was up 21.9% on a year-over-year basis. As a group, analysts anticipate that Nasdaq, Inc. will post 2.79 EPS for the current year.

Nasdaq Dividend Announcement

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

Insider Activity at Nasdaq

In related news, insider Pc Nelson Griggs sold 6,000 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.71, for a total value of $454,260.00. Following the completion of the sale, the insider now directly owns 215,563 shares of the company’s stock, valued at $16,320,274.73. The trade was a 2.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jeremy Skule sold 12,075 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was 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 in the company, valued at approximately $8,072,268.75. The trade was a 10.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,459 shares of company stock worth $3,811,808 in the last quarter. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NDAQ. Morgan Stanley upped their price target on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Barclays increased their target price on Nasdaq from $84.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. William Blair began coverage on Nasdaq in a report on Monday, November 25th. They set an “outperform” rating on the stock. Oppenheimer raised their price objective on shares of Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group boosted their target price on shares of Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.87.

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.