Capital World Investors Acquires 6,011 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Capital World Investors raised its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 0.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,194,165 shares of the financial services provider's stock after buying an additional 6,011 shares during the period. Capital World Investors owned about 1.08% of Nasdaq worth $478,871,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in Nasdaq by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,518,513 shares of the financial services provider's stock worth $194,710,000 after buying an additional 108,676 shares during the period. Dnca Finance bought a new position in Nasdaq during the 4th quarter worth $5,110,000. First Trust Advisors LP increased its holdings in shares of Nasdaq by 6.3% in the 4th quarter. First Trust Advisors LP now owns 701,656 shares of the financial services provider's stock worth $54,245,000 after acquiring an additional 41,359 shares during the period. Freedom Investment Management Inc. lifted its position in Nasdaq by 36.7% in the 4th quarter. Freedom Investment Management Inc. now owns 5,940 shares of the financial services provider's stock valued at $459,000 after purchasing an additional 1,596 shares during the last quarter. Finally, GeoWealth Management LLC boosted its position in shares of Nasdaq by 107.7% during the fourth quarter. GeoWealth Management LLC now owns 5,059 shares of the financial services provider's stock worth $391,000 after buying an additional 2,623 shares during the period. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on NDAQ shares. Piper Sandler boosted their price target on shares of Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Redburn Atlantic upgraded Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 target price for the company in a research report on Thursday, April 17th. Raymond James increased their price target on Nasdaq from $83.00 to $84.00 and gave the company an "outperform" rating in a research note on Thursday, January 9th. Royal Bank of Canada reissued an "outperform" rating and issued a $95.00 price objective on shares of Nasdaq in a research note on Thursday, April 10th. Finally, Citigroup decreased their target price on Nasdaq from $84.00 to $75.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $85.88.

Nasdaq Stock Up 1.1 %

NASDAQ:NDAQ traded up $0.82 during mid-day trading on Wednesday, reaching $73.51. The stock had a trading volume of 3,495,656 shares, compared to its average volume of 2,832,348. 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 stock has a market cap of $42.28 billion, a P/E ratio of 38.29, a PEG ratio of 2.12 and a beta of 1.02. Nasdaq, Inc. has a fifty-two week low of $58.10 and a fifty-two week high of $84.15. The business's 50 day moving average is $75.46 and its 200 day moving average is $77.39.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) 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%. As a group, sell-side analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.31%. Nasdaq's payout ratio is currently 50.00%.

Insider Buying and Selling

In related news, EVP Sarah Youngwood sold 14,959 shares of the company's stock in a transaction dated 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 sale, the executive vice president now owns 59,694 shares of the company's stock, valued at $4,398,253.92. The trade was a 20.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of the business's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $71.81, for a total value of $47,179.17. Following the completion of the sale, the executive vice president now directly owns 61,980 shares in the company, valued at approximately $4,450,783.80. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,116 shares of company stock worth $1,434,818 in the last quarter. 0.70% of the stock is currently owned by company insiders.

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.