Grantham Mayo Van Otterloo & Co. LLC Increases Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 74.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,188 shares of the financial services provider's stock after purchasing an additional 4,361 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in Nasdaq were worth $788,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd boosted its stake in Nasdaq by 2.6% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 21,181 shares of the financial services provider's stock valued at $1,638,000 after buying an additional 544 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new position in Nasdaq during the 4th quarter worth approximately $10,065,000. Prudential PLC lifted its stake in Nasdaq by 88.1% in the 4th quarter. Prudential PLC now owns 138,950 shares of the financial services provider's stock valued at $10,742,000 after purchasing an additional 65,085 shares during the last quarter. Motley Fool Asset Management LLC grew its stake in shares of Nasdaq by 13.0% during the fourth quarter. Motley Fool Asset Management LLC now owns 26,187 shares of the financial services provider's stock worth $2,025,000 after buying an additional 3,007 shares during the last quarter. Finally, World Investment Advisors increased its holdings in shares of Nasdaq by 231.9% during the fourth quarter. World Investment Advisors now owns 29,606 shares of the financial services provider's stock worth $2,289,000 after buying an additional 20,685 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NDAQ shares. Morgan Stanley lowered Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price objective on the stock. in a research report on Tuesday, April 8th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $95.00 price objective on shares of Nasdaq in a research note on Thursday. Barclays cut their target price on shares of Nasdaq from $95.00 to $87.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. StockNews.com cut shares of Nasdaq from a "hold" rating to a "sell" rating in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Nasdaq from $88.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $85.63.

Nasdaq Stock Up 2.5 %

Shares of NDAQ traded up $1.76 during trading hours on Monday, hitting $73.29. The stock had a trading volume of 574,045 shares, compared to its average volume of 3,123,141. The firm has a 50 day simple moving average of $76.80 and a 200-day simple moving average of $77.45. Nasdaq, Inc. has a 1-year low of $58.10 and a 1-year 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 firm has a market capitalization of $42.15 billion, a P/E ratio of 38.17, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating 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 predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Friday, March 14th. Nasdaq's dividend payout ratio (DPR) is 50.00%.

Insider Activity

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the sale, the executive vice president now directly 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president now owns 61,980 shares in the company, valued at $4,450,783.80. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,116 shares of company stock worth $1,434,818 over the last three months. 0.70% of the stock is currently owned by insiders.

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.