Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by Gold Investment Management Ltd.

Gold Investment Management Ltd. grew its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,115 shares of the financial services provider’s stock after acquiring an additional 487 shares during the period. Gold Investment Management Ltd.’s holdings in Nasdaq were worth $2,328,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Olstein Capital Management L.P. increased its holdings in Nasdaq by 35.6% during the 4th quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider’s stock worth $6,185,000 after purchasing an additional 21,000 shares during the period. NINE MASTS CAPITAL Ltd purchased a new stake in shares of Nasdaq during the fourth quarter worth approximately $274,000. Pacer Advisors Inc. raised its holdings in Nasdaq by 75.7% in the fourth quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock valued at $4,170,000 after acquiring an additional 23,244 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Nasdaq by 26.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider’s stock worth $3,454,000 after acquiring an additional 9,130 shares during the last quarter. Finally, USA Financial Formulas acquired a new position in Nasdaq during the 4th quarter worth approximately $856,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Stock Up 1.5 %

Nasdaq stock opened at $73.26 on Monday. The stock has a 50 day moving average of $79.30 and a two-hundred day moving average of $77.34. Nasdaq, Inc. has a twelve month low of $57.96 and a twelve month high of $84.15. The stock has a market capitalization of $42.14 billion, a price-to-earnings ratio of 38.16, a PEG ratio of 2.12 and a beta of 0.96. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, research analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.31%. Nasdaq’s dividend payout ratio is currently 50.00%.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the transaction, the executive vice president now owns 55,576 shares in the company, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and raised their price objective for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. Barclays cut their price target on Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Raymond James upped their price objective on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a research report on Saturday, December 14th. Finally, Citigroup upped their price target on Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and an average price target of $86.88.

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.