American Century Companies Inc. Has $183.73 Million Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

American Century Companies Inc. increased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 61.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,376,530 shares of the financial services provider's stock after purchasing an additional 902,150 shares during the quarter. American Century Companies Inc. owned approximately 0.41% of Nasdaq worth $183,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Mizuho Securities USA LLC lifted its holdings in Nasdaq by 46.2% in the fourth quarter. Mizuho Securities USA LLC now owns 39,221 shares of the financial services provider's stock valued at $3,032,000 after acquiring an additional 12,387 shares during the period. Northwest & Ethical Investments L.P. grew its holdings in Nasdaq by 12.1% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 3,700 shares of the financial services provider's stock valued at $286,000 after buying an additional 400 shares in the last quarter. Magnetar Financial LLC bought a new position in Nasdaq during the fourth quarter valued at $2,910,000. Teacher Retirement System of Texas increased its stake in Nasdaq by 892.3% during the fourth quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider's stock worth $4,689,000 after acquiring an additional 54,535 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its position in Nasdaq by 9.4% in the 4th quarter. Royal London Asset Management Ltd. now owns 168,364 shares of the financial services provider's stock worth $13,016,000 after purchasing an additional 14,504 shares during the period. 72.47% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the transaction, the executive vice president now directly owns 55,576 shares in the company, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the sale, the executive vice president now owns 59,694 shares of the company's stock, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on NDAQ. UBS Group increased their target price on Nasdaq from $79.00 to $89.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. StockNews.com raised shares of Nasdaq from a "sell" rating to a "hold" rating in a report on Thursday. Raymond James upped their target price on Nasdaq from $83.00 to $84.00 and gave the stock an "outperform" rating in a research note on Thursday, January 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Nasdaq currently has a consensus rating of "Moderate Buy" and an average target price of $86.88.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ traded down $1.17 during midday trading on Thursday, reaching $76.36. 2,533,842 shares of the company traded hands, compared to its average volume of 2,618,403. Nasdaq, Inc. has a 52 week low of $58.10 and a 52 week high of $84.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The company has a market cap of $43.92 billion, a price-to-earnings ratio of 39.77, a PEG ratio of 2.12 and a beta of 0.96. The stock has a 50-day moving average price of $79.24 and a 200 day moving average price of $77.54.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Sell-side analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.26%. Nasdaq's dividend payout ratio is currently 50.00%.

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.