Nasdaq, Inc. $NDAQ Stock Position Raised by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. increased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 8.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,966 shares of the financial services provider’s stock after buying an additional 6,432 shares during the period. Rakuten Investment Management Inc.’s holdings in Nasdaq were worth $7,345,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Nasdaq during the 2nd quarter valued at $2,931,637,000. Bank of America Corp DE acquired a new stake in shares of Nasdaq during the 2nd quarter worth $603,631,000. The Manufacturers Life Insurance Company bought a new position in shares of Nasdaq in the second quarter worth $377,818,000. Legal & General Group Plc bought a new position in shares of Nasdaq in the second quarter worth $220,130,000. Finally, Deutsche Bank AG bought a new position in shares of Nasdaq in the second quarter worth $180,099,000. 72.47% of the stock is currently owned by institutional investors.

Insider Transactions at Nasdaq

In related news, insider Tal Cohen sold 2,289 shares of Nasdaq stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $108.05, for a total transaction of $247,326.45. Following the completion of the transaction, the insider owned 202,787 shares of the company’s stock, valued at $21,911,135.35. This trade represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bradley J. Peterson sold 3,987 shares of Nasdaq stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $104.75, for a total transaction of $417,638.25. Following the transaction, the executive vice president directly owned 114,306 shares of the company’s stock, valued at $11,973,553.50. This represents a 3.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 25,166 shares of company stock worth $2,577,831 over the last three months. 0.60% of the stock is owned by company insiders.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $106.83 on Friday. The stock has a market capitalization of $59.29 billion, a PE ratio of 29.19, a PEG ratio of 1.90 and a beta of 0.95. The business’s 50 day simple moving average is $96.45 and its 200 day simple moving average is $90.84. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00. Nasdaq, Inc. has a one year low of $76.55 and a one year high of $111.45.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.02. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $1.47 billion. Nasdaq had a net margin of 22.81% and a return on equity of 19.03%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.88 EPS. As a group, research analysts forecast that Nasdaq, Inc. will post 4.15 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, December 4th. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. Nasdaq’s dividend payout ratio is 33.88%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NDAQ. Erste Group Bank began coverage on shares of Nasdaq in a research report on Friday, October 30th. They set a “buy” rating for the company. Raymond James Financial decreased their target price on shares of Nasdaq from $119.00 to $109.00 in a report on Friday, October 9th. TD Cowen dropped their target price on shares of Nasdaq from $108.00 to $107.00 and set a “buy” rating for the company in a research report on Monday, October 12th. The Goldman Sachs Group upped their price target on shares of Nasdaq from $109.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, October 23rd. Finally, Rothschild & Co Redburn cut their price target on shares of Nasdaq from $110.00 to $107.00 and set a “buy” rating for the company in a report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and an average target price of $113.53.

Nasdaq Profile

Nasdaq, Inc is a global financial technology and market infrastructure company best known for operating the Nasdaq Stock Market, one of the world’s largest electronic stock exchanges. The company provides listing services for public companies and operates trading venues for equities, options and other financial products. Its exchange business serves companies, investors and market participants in the United States, as well as through Nasdaq’s Nordic and Baltic market operations.

Beyond its exchange activities, Nasdaq provides market data, analytics, indexes and technology used by exchanges, brokers, banks, asset managers and other financial institutions.