Nasdaq, Inc. $NDAQ Shares Purchased by National Pension Service

National Pension Service lifted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 11.3% in the fourth quarter, Holdings Channel reports. The firm owned 673,919 shares of the financial services provider’s stock after acquiring an additional 68,368 shares during the period. National Pension Service’s holdings in Nasdaq were worth $65,458,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. NBC Securities Inc. boosted its position in shares of Nasdaq by 7.8% in the 4th quarter. NBC Securities Inc. now owns 1,529 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 111 shares during the period. ORG Wealth Partners LLC boosted its position in shares of Nasdaq by 6.9% in the 4th quarter. ORG Wealth Partners LLC now owns 1,746 shares of the financial services provider’s stock valued at $170,000 after purchasing an additional 112 shares during the period. Independent Advisor Alliance boosted its position in shares of Nasdaq by 2.6% in the 4th quarter. Independent Advisor Alliance now owns 4,574 shares of the financial services provider’s stock valued at $444,000 after purchasing an additional 117 shares during the period. Orgel Wealth Management LLC boosted its position in shares of Nasdaq by 4.7% in the 4th quarter. Orgel Wealth Management LLC now owns 2,623 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 118 shares during the period. Finally, Frank Rimerman Advisors LLC boosted its position in shares of Nasdaq by 1.5% in the 4th quarter. Frank Rimerman Advisors LLC now owns 8,560 shares of the financial services provider’s stock valued at $831,000 after purchasing an additional 128 shares during the period. 72.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Michelle Lynn Daly sold 1,323 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $88.82, for a total value of $117,508.86. Following the completion of the sale, the senior vice president directly owned 10,089 shares of the company’s stock, valued at $896,104.98. This trade represents a 11.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cohen Tal sold 15,518 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $90.75, for a total value of $1,408,258.50. Following the completion of the sale, the insider directly owned 215,208 shares of the company’s stock, valued at $19,530,126. This represents a 6.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 231,002 shares of company stock valued at $20,295,941 over the last 90 days. 0.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NDAQ. Loop Capital set a $113.00 target price on Nasdaq in a research report on Friday, April 24th. Wall Street Zen raised Nasdaq from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. TD Cowen raised Nasdaq from a “hold” rating to a “buy” rating and upped their target price for the company from $105.00 to $106.00 in a research report on Thursday, February 26th. Barclays upped their target price on Nasdaq from $115.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Finally, Argus raised Nasdaq to a “strong-buy” rating in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and an average price target of $107.15.

Nasdaq Stock Up 1.7%

NDAQ opened at $92.52 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00. The business has a 50 day simple moving average of $88.19 and a 200-day simple moving average of $90.03. The stock has a market capitalization of $52.32 billion, a P/E ratio of 27.87, a P/E/G ratio of 1.85 and a beta of 0.98. Nasdaq, Inc. has a 12 month low of $77.09 and a 12 month high of $101.79.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the firm earned $0.79 EPS. On average, equities analysts anticipate that Nasdaq, Inc. will post 3.86 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.24 annualized dividend and a dividend yield of 1.3%. This is an increase from Nasdaq’s previous quarterly dividend of $0.27. Nasdaq’s payout ratio is 32.53%.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.