Capital International Inc. CA Boosts Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Capital International Inc. CA raised its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 39.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,860 shares of the financial services provider’s stock after acquiring an additional 15,357 shares during the quarter. Capital International Inc. CA’s holdings in Nasdaq were worth $4,164,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Rakuten Securities Inc. bought a new stake in shares of Nasdaq in the 4th quarter worth approximately $26,000. Founders Capital Management bought a new stake in shares of Nasdaq in the fourth quarter valued at $27,000. Kestra Investment Management LLC bought a new stake in shares of Nasdaq in the fourth quarter valued at $33,000. Raleigh Capital Management Inc. lifted its position in shares of Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after buying an additional 225 shares during the last quarter. Finally, TCTC Holdings LLC bought a new position in shares of Nasdaq during the 4th quarter worth $41,000. 72.47% of the stock is owned by institutional investors.

Nasdaq Price Performance

NDAQ stock opened at $72.18 on Monday. The firm has a market cap of $41.51 billion, a P/E ratio of 37.59, a P/E/G ratio of 2.12 and a beta of 1.02. The firm’s fifty day moving average is $75.82 and its 200 day moving average is $77.44. Nasdaq, Inc. has a 52 week low of $58.10 and a 52 week high of $84.15. 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 announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Friday, March 14th. Nasdaq’s dividend payout ratio (DPR) is presently 50.00%.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 657 shares of the business’s stock in a transaction on Friday, April 4th. The shares were sold at an average price of $71.81, for a total transaction of $47,179.17. Following the transaction, the executive vice president now directly owns 61,980 shares of the company’s stock, valued at approximately $4,450,783.80. The trade was a 1.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the sale, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,116 shares of company stock worth $1,434,818. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of several recent research reports. Citigroup dropped their price objective on shares of Nasdaq from $84.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Barclays cut their price objective on shares of Nasdaq from $87.00 to $86.00 and set an “overweight” rating for the company in a report on Monday, April 14th. UBS Group increased their target price on Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Piper Sandler lifted their price target on Nasdaq from $80.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 price objective on shares of Nasdaq in a research note on Thursday, April 10th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $85.88.

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.