Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 71.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,389 shares of the financial services provider’s stock after purchasing an additional 3,506 shares during the quarter. International Assets Investment Management LLC’s holdings in Nasdaq were worth $636,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NDAQ. Norges Bank acquired a new position in Nasdaq during the fourth quarter worth about $424,285,000. Ameriprise Financial Inc. lifted its position in Nasdaq by 37.9% during the fourth quarter. Ameriprise Financial Inc. now owns 6,005,047 shares of the financial services provider’s stock worth $464,676,000 after buying an additional 1,650,201 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Nasdaq during the fourth quarter worth $105,481,000. Franklin Resources Inc. increased its stake in shares of Nasdaq by 13.4% in the 4th quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider’s stock worth $802,401,000 after acquiring an additional 1,225,672 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Nasdaq by 40.3% during the 4th quarter. Invesco Ltd. now owns 3,902,214 shares of the financial services provider’s stock valued at $301,680,000 after acquiring an additional 1,120,538 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insiders Place Their Bets

In related news, 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 directly owns 61,980 shares of the company’s stock, valued at $4,450,783.80. This represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Pc Nelson Griggs sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total transaction of $664,240.00. Following the completion of the sale, the insider now owns 211,405 shares of the company’s stock, valued at approximately $17,552,957.15. The trade was a 3.65% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Analysts Set New Price Targets

NDAQ has been the subject of several analyst reports. Piper Sandler increased their price target on shares of Nasdaq from $80.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, April 8th. Morgan Stanley lowered shares of Nasdaq from an “overweight” rating to an “equal weight” rating and set a $74.00 target price for the company. in a research note on Tuesday, April 8th. Oppenheimer set a $96.00 price objective on shares of Nasdaq and gave the stock an “outperform” rating in a research report on Tuesday, June 17th. Royal Bank Of Canada reissued an “outperform” rating and issued a $95.00 target price on shares of Nasdaq in a research report on Thursday, April 10th. Finally, Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Friday, April 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $87.19.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $88.05 on Thursday. The stock’s 50-day moving average price is $81.21 and its 200 day moving average price is $78.90. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $50.55 billion, a PE ratio of 40.02, a price-to-earnings-growth ratio of 2.27 and a beta of 1.00. Nasdaq, Inc. has a 52-week low of $59.44 and a 52-week high of $88.78.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. Nasdaq had a return on equity of 15.38% and a net margin of 16.36%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, equities research analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, June 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.23%. This is an increase from Nasdaq’s previous quarterly dividend of $0.24. Nasdaq’s dividend payout ratio is presently 49.09%.

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.