Bessemer Group Inc. Buys 70,528 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Bessemer Group Inc. lifted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,156,288 shares of the financial services provider's stock after acquiring an additional 70,528 shares during the period. Bessemer Group Inc. owned approximately 0.55% of Nasdaq worth $244,012,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in NDAQ. Janus Henderson Group PLC raised its stake in Nasdaq by 8.9% during the third quarter. Janus Henderson Group PLC now owns 58,929 shares of the financial services provider's stock worth $4,302,000 after acquiring an additional 4,800 shares in the last quarter. Quarry LP increased its position in Nasdaq by 316.7% during the 3rd quarter. Quarry LP now owns 871 shares of the financial services provider's stock worth $64,000 after purchasing an additional 662 shares in the last quarter. Quantinno Capital Management LP lifted its stake in Nasdaq by 23.1% in the 3rd quarter. Quantinno Capital Management LP now owns 30,329 shares of the financial services provider's stock valued at $2,214,000 after purchasing an additional 5,682 shares during the last quarter. XTX Topco Ltd acquired a new stake in Nasdaq in the third quarter valued at approximately $208,000. Finally, MML Investors Services LLC grew its stake in shares of Nasdaq by 34.4% during the third quarter. MML Investors Services LLC now owns 5,843 shares of the financial services provider's stock worth $427,000 after buying an additional 1,494 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company's stock.

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Nasdaq Stock Up 1.8 %

Shares of NASDAQ NDAQ traded up $1.27 during trading on Monday, hitting $72.80. 956,653 shares of the company traded hands, compared to its average volume of 2,829,503. Nasdaq, Inc. has a fifty-two week low of $58.10 and a fifty-two week high of $84.15. The firm has a market capitalization of $41.87 billion, a price-to-earnings ratio of 37.92, a P/E/G ratio of 2.12 and a beta of 1.02. The business's fifty day moving average is $76.80 and its 200 day moving average is $77.45. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Equities research analysts predict 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 was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.32%. Nasdaq's dividend payout ratio (DPR) is currently 50.00%.

Insider Activity at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the business's stock in a transaction that occurred 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 owns 55,576 shares in the company, valued at $4,532,778.56. The trade was a 5.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the transaction, the executive vice president now directly owns 59,694 shares of the company's stock, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 19,116 shares of company stock valued at $1,434,818. 0.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NDAQ. Bank of America raised their price objective on Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. Barclays reduced their price target on Nasdaq from $95.00 to $87.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. UBS Group raised their price objective on shares of Nasdaq from $79.00 to $89.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Morgan Stanley lowered shares of Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 target price on the stock. in a report on Tuesday, April 8th. Finally, Oppenheimer reduced their price objective on shares of Nasdaq from $89.00 to $85.00 and set an "outperform" rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.63.

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.