Ieq Capital LLC Raises Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Ieq Capital LLC boosted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 18.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 26,502 shares of the financial services provider’s stock after purchasing an additional 4,184 shares during the period. Ieq Capital LLC’s holdings in Nasdaq were worth $2,049,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Olstein Capital Management L.P. increased its stake in shares of Nasdaq by 35.6% in the 4th quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider’s stock valued at $6,185,000 after purchasing an additional 21,000 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Nasdaq by 75.7% during the 4th quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock valued at $4,170,000 after buying an additional 23,244 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Nasdaq by 26.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider’s stock valued at $3,454,000 after acquiring an additional 9,130 shares during the period. USA Financial Formulas acquired a new stake in shares of Nasdaq in the fourth quarter valued at about $856,000. Finally, Nomura Asset Management Co. Ltd. increased its stake in Nasdaq by 49.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 164,179 shares of the financial services provider’s stock worth $11,987,000 after buying an additional 54,594 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Down 1.8 %

Shares of NDAQ opened at $81.07 on Monday. The company’s 50-day simple moving average is $79.63 and its 200-day simple moving average is $76.55. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. Nasdaq, Inc. has a 1 year low of $55.51 and a 1 year high of $84.15. The stock has a market capitalization of $46.60 billion, a PE ratio of 42.22, a P/E/G ratio of 2.12 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders 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 1.18%. Nasdaq’s dividend payout ratio (DPR) is 50.00%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the sale, the executive vice president now directly owns 55,576 shares in the company, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on NDAQ. TD Cowen dropped their price target on Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Oppenheimer raised their price target on shares of Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. Keefe, Bruyette & Woods raised their target price on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Argus upped their price target on Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Citigroup lifted their price objective on Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.88.

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.