Thompson Siegel & Walmsley LLC Purchases 20,400 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Thompson Siegel & Walmsley LLC increased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 55.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,400 shares of the financial services provider’s stock after buying an additional 20,400 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Nasdaq were worth $4,438,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. HBK Sorce Advisory LLC bought a new position in Nasdaq during the fourth quarter worth $202,000. Skandinaviska Enskilda Banken AB publ increased its stake in Nasdaq by 9.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 90,735 shares of the financial services provider’s stock valued at $7,021,000 after purchasing an additional 7,876 shares in the last quarter. Erste Asset Management GmbH increased its stake in Nasdaq by 210.5% in the fourth quarter. Erste Asset Management GmbH now owns 23,828 shares of the financial services provider’s stock valued at $1,869,000 after purchasing an additional 16,153 shares in the last quarter. Rakuten Securities Inc. bought a new stake in Nasdaq in the fourth quarter valued at $26,000. Finally, Avantax Advisory Services Inc. increased its stake in Nasdaq by 2.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 109,546 shares of the financial services provider’s stock valued at $8,469,000 after purchasing an additional 2,588 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Down 1.1 %

Nasdaq stock opened at $72.17 on Friday. Nasdaq, Inc. has a fifty-two week low of $57.96 and a fifty-two week high of $84.15. The stock has a market cap of $41.51 billion, a PE ratio of 37.59, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. The firm’s 50-day simple moving average is $79.50 and its 200 day simple moving average is $77.27. 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 (NASDAQ:NDAQ) last released its earnings results 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%. Research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s payout ratio is 50.00%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NDAQ. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 price target on shares of Nasdaq in a research note on Thursday, January 30th. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. Oppenheimer lifted their price target on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. lifted their price target on shares of Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Finally, William Blair began coverage on shares of Nasdaq in a report on Monday, November 25th. They set an “outperform” rating for the company. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $86.88.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the transaction, the executive vice president now directly owns 55,576 shares in the company, valued at $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.70% of the company’s stock.

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.