Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,146 shares of the financial services provider’s stock after acquiring an additional 691 shares during the period. Nisa Investment Advisors LLC’s holdings in Nasdaq were worth $10,139,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. USA Financial Formulas acquired a new stake in Nasdaq in the 4th quarter valued at $856,000. Nomura Asset Management Co. Ltd. grew its stake in shares of Nasdaq by 49.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 164,179 shares of the financial services provider’s stock valued at $11,987,000 after buying an additional 54,594 shares in the last quarter. Cumberland Partners Ltd purchased a new stake in shares of Nasdaq during the 3rd quarter valued at about $10,400,000. Thompson Siegel & Walmsley LLC acquired a new position in Nasdaq during the 3rd quarter worth approximately $2,701,000. Finally, Capricorn Fund Managers Ltd purchased a new position in Nasdaq in the 4th quarter worth approximately $978,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Trading Up 0.2 %

Nasdaq stock opened at $81.03 on Friday. Nasdaq, Inc. has a 1 year low of $54.90 and a 1 year high of $83.77. The firm’s 50-day moving average is $79.37 and its 200-day moving average is $73.87. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $46.57 billion, a P/E ratio of 48.52, a PEG ratio of 2.74 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Nasdaq’s revenue was up 21.9% on a year-over-year basis. During the same quarter last year, the company posted $0.71 earnings per share. On average, equities analysts expect that Nasdaq, Inc. will post 2.81 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a yield of 1.18%. Nasdaq’s dividend payout ratio is currently 57.49%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NDAQ. Citigroup lifted their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Keefe, Bruyette & Woods boosted their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Argus raised their target price on Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. TD Cowen dropped their target price on Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Finally, Raymond James increased their price target on Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.73.

Insider Activity at Nasdaq

In related 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 sale, the executive vice president now directly owns 102,505 shares in the company, valued at $8,072,268.75. This trade represents a 10.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Pc Nelson Griggs sold 6,000 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.71, for a total transaction of $454,260.00. Following the completion of the transaction, the insider now owns 215,563 shares of the company’s stock, valued at approximately $16,320,274.73. This trade represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,459 shares of company stock worth $3,811,808 in the last 90 days. 0.70% of the stock is currently owned by company insiders.

Nasdaq 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.