Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Lido Advisors LLC

Lido Advisors LLC increased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 9.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,419 shares of the financial services provider’s stock after acquiring an additional 281 shares during the period. Lido Advisors LLC’s holdings in Nasdaq were worth $264,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NDAQ. Vanguard Group Inc. lifted its position in shares of Nasdaq by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 52,576,413 shares of the financial services provider’s stock worth $4,064,682,000 after purchasing an additional 376,893 shares in the last quarter. Geode Capital Management LLC boosted its position in Nasdaq by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 11,018,705 shares of the financial services provider’s stock valued at $849,783,000 after buying an additional 257,465 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Nasdaq by 13.4% during the fourth quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider’s stock valued at $802,401,000 after acquiring an additional 1,225,672 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Nasdaq by 5.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 6,954,334 shares of the financial services provider’s stock worth $537,640,000 after acquiring an additional 335,565 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Nasdaq in the fourth quarter worth about $424,285,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Redburn Atlantic upgraded Nasdaq from a “neutral” rating to a “buy” rating and set a $91.00 price objective on the stock in a report on Thursday, April 17th. UBS Group restated a “cautious” rating on shares of Nasdaq in a research note on Monday, April 28th. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Friday, April 18th. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their target price for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a research report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and an average target price of $85.18.

Insider Transactions at Nasdaq

In related news, EVP Sarah Youngwood sold 14,959 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the sale, the executive vice president now owns 59,694 shares of the company’s stock, valued at $4,398,253.92. This represents a 20.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Bryan Everard Smith sold 657 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $71.81, for a total transaction of $47,179.17. Following the completion of the transaction, the executive vice president now owns 61,980 shares of the company’s stock, valued at $4,450,783.80. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

Shares of NDAQ opened at $78.08 on Wednesday. Nasdaq, Inc. has a 12 month low of $58.28 and a 12 month high of $84.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The stock has a fifty day moving average price of $74.50 and a 200 day moving average price of $77.63. The company has a market cap of $44.83 billion, a P/E ratio of 40.67, a PEG ratio of 2.12 and a beta of 1.00.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 earnings per share. On average, research analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Friday, June 13th. This is a boost from Nasdaq’s previous quarterly dividend of $0.24. Nasdaq’s payout ratio is 49.09%.

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.