Daiichi Life Insurance Co. Ltd. Purchases New Holdings in Nasdaq, Inc. $NDAQ

Daiichi Life Insurance Co. Ltd. acquired a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 15,685 shares of the financial services provider’s stock, valued at approximately $1,236,000.

Other large investors have also recently bought and sold shares of the company. MV Capital Management Inc. acquired a new stake in shares of Nasdaq in the 4th quarter valued at $28,000. Nemes Rush Group LLC acquired a new position in shares of Nasdaq during the fourth quarter valued at $35,000. Uniplan Investment Counsel Inc. acquired a new position in shares of Nasdaq during the fourth quarter valued at $35,000. Fideuram Asset Management Ireland dac bought a new position in Nasdaq in the fourth quarter valued at about $37,000. Finally, Reflection Asset Management bought a new position in Nasdaq in the fourth quarter valued at about $41,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Up 0.6%

NASDAQ:NDAQ opened at $98.79 on Tuesday. Nasdaq, Inc. has a 12-month low of $76.55 and a 12-month high of $101.79. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $55.22 billion, a P/E ratio of 28.80, a P/E/G ratio of 1.30 and a beta of 0.96. The stock’s fifty day simple moving average is $90.00 and its 200-day simple moving average is $88.05.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The firm’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 earnings per share. Equities research analysts expect that Nasdaq, Inc. will post 4.15 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, September 11th. Nasdaq’s payout ratio is presently 36.15%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NDAQ. Barclays reiterated an “overweight” rating and issued a $111.00 price objective (up from $108.00) on shares of Nasdaq in a research report on Friday, July 24th. Raymond James Financial restated an “outperform” rating and set a $113.00 target price (up from $111.00) on shares of Nasdaq in a research report on Thursday, July 9th. Wall Street Zen upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Morgan Stanley reiterated an “overweight” rating and set a $120.00 price target on shares of Nasdaq in a research report on Friday, July 24th. Finally, TD Cowen reissued a “buy” rating and set a $105.00 price target (up from $101.00) on shares of Nasdaq in a research note on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $110.30.

Insider Transactions at Nasdaq

In related news, major shareholder Ab Investor purchased 56,782 shares of the stock in a transaction dated Thursday, June 11th. The stock was bought at an average cost of $85.98 per share, with a total value of $4,882,116.36. Following the purchase, the insider directly owned 58,439,208 shares in the company, valued at $5,024,603,103.84. The trade was a 0.10% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Pc Nelson Griggs sold 11,010 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $96.35, for a total transaction of $1,060,813.50. Following the completion of the sale, the insider owned 205,001 shares in the company, valued at $19,751,846.35. This represents a 5.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 41,797 shares of company stock worth $3,926,319. 0.60% of the stock is currently owned by company insiders.

Nasdaq 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.