FIL Ltd Buys 191,259 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

FIL Ltd increased its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 87.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 410,212 shares of the financial services provider's stock after acquiring an additional 191,259 shares during the period. FIL Ltd owned approximately 0.07% of Nasdaq worth $31,713,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP boosted its position in shares of Nasdaq by 12.3% during the fourth quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider's stock worth $104,000 after buying an additional 141 shares during the period. Harbor Capital Advisors Inc. boosted its position in Nasdaq by 1.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider's stock worth $759,000 after acquiring an additional 148 shares during the period. Brooklyn Investment Group grew its stake in shares of Nasdaq by 8.5% in the fourth quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider's stock worth $147,000 after purchasing an additional 148 shares in the last quarter. Crestwood Advisors Group LLC grew its stake in shares of Nasdaq by 4.1% in the fourth quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider's stock worth $295,000 after purchasing an additional 152 shares in the last quarter. Finally, Crestmont Private Wealth LLC increased its holdings in shares of Nasdaq by 2.4% during the fourth quarter. Crestmont Private Wealth LLC now owns 8,017 shares of the financial services provider's stock valued at $620,000 after purchasing an additional 185 shares during the period. 72.47% of the stock is currently owned by institutional investors.

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Insider Activity

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

Nasdaq Stock Down 0.6 %

NASDAQ NDAQ traded down $0.47 during trading on Wednesday, reaching $72.70. The company's stock had a trading volume of 534,365 shares, compared to its average volume of 2,821,087. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $41.81 billion, a PE ratio of 37.86, a PEG ratio of 2.12 and a beta of 1.02. Nasdaq, Inc. has a 1-year low of $58.10 and a 1-year high of $84.15. The business has a 50-day moving average price of $76.39 and a 200-day moving average price of $77.43.

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%. On average, research analysts forecast 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. Stockholders of record on Friday, March 14th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.32%. Nasdaq's dividend payout ratio (DPR) is presently 50.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NDAQ. StockNews.com lowered shares of Nasdaq from a "hold" rating to a "sell" rating in a research note on Wednesday, April 9th. UBS Group increased their price target on Nasdaq from $79.00 to $89.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Oppenheimer lowered their price target on Nasdaq from $89.00 to $85.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a "hold" rating to a "buy" rating and upped their price objective for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. Finally, Piper Sandler lifted their target price on Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.56.

About Nasdaq

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.