Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC raised its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 12.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,056 shares of the financial services provider’s stock after acquiring an additional 783 shares during the period. Park Avenue Securities LLC’s holdings in Nasdaq were worth $546,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its position in shares of Nasdaq by 163.3% during the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock valued at $2,835,235,000 after purchasing an additional 24,084,154 shares during the period. Mizuho Securities USA LLC boosted its stake in Nasdaq by 13,532.3% during the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock valued at $292,040,000 after buying an additional 3,970,658 shares in the last quarter. State Street Corp grew its holdings in Nasdaq by 11.2% during the third quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock worth $1,310,653,000 after acquiring an additional 1,811,616 shares during the period. Harris Associates L P raised its position in Nasdaq by 14.6% in the third quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock worth $627,596,000 after acquiring an additional 1,096,090 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Nasdaq by 9.5% in the 3rd quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider’s stock valued at $783,181,000 after acquiring an additional 932,665 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NDAQ shares. Bank of America lowered their price objective on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and upped their price target for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. Royal Bank of Canada reissued an “outperform” rating and set a $95.00 price objective on shares of Nasdaq in a research note on Thursday, January 9th. Citigroup lifted their target price on Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Finally, Barclays reduced their target price on Nasdaq from $97.00 to $96.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.73.

Nasdaq Trading Up 0.2 %

Shares of NASDAQ:NDAQ opened at $81.03 on Friday. The firm has a fifty day moving average of $79.37 and a two-hundred day moving average of $73.87. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq, Inc. has a 12-month low of $54.90 and a 12-month high of $83.77. The firm has a market capitalization of $46.57 billion, a P/E ratio of 48.52, a price-to-earnings-growth ratio of 2.74 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. On average, equities analysts expect that Nasdaq, Inc. will post 2.81 EPS for the current fiscal year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.18%. Nasdaq’s payout ratio is 57.49%.

Insider Activity at Nasdaq

In other Nasdaq news, insider Pc Nelson Griggs sold 6,000 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.71, for a total value of $454,260.00. Following the completion of the sale, the insider now owns 215,563 shares of the company’s stock, valued at $16,320,274.73. The trade was a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bradley J. Peterson sold 13,642 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the transaction, the executive vice president now directly owns 142,830 shares in the company, valued at approximately $10,757,955.60. This represents a 8.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,459 shares of company stock valued at $3,811,808. 0.70% of the stock is owned by corporate insiders.

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.