Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Invesco Ltd.

Invesco Ltd. raised its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 40.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,902,214 shares of the financial services provider's stock after acquiring an additional 1,120,538 shares during the quarter. Invesco Ltd. owned approximately 0.68% of Nasdaq worth $301,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Rakuten Securities Inc. bought a new stake in Nasdaq during the 4th quarter worth approximately $26,000. Founders Capital Management purchased a new position in shares of Nasdaq during the 4th quarter valued at $27,000. Kestra Investment Management LLC bought a new position in Nasdaq in the 4th quarter worth $33,000. Raleigh Capital Management Inc. increased its stake in Nasdaq by 106.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider's stock worth $34,000 after buying an additional 225 shares in the last quarter. Finally, TCTC Holdings LLC bought a new stake in Nasdaq during the fourth quarter valued at about $41,000. Institutional investors own 72.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. StockNews.com cut Nasdaq from a "hold" rating to a "sell" rating in a research report on Wednesday, April 9th. Raymond James lifted their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the company an "outperform" rating in a research report on Thursday, January 9th. Piper Sandler raised their target price on shares of Nasdaq from $80.00 to $83.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Citigroup decreased their price target on shares of Nasdaq from $84.00 to $75.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Finally, Bank of America raised their price objective on Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $85.56.

Remove Ads

Insiders Place Their Bets

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the transaction, the executive vice president now owns 59,694 shares of the company's stock, valued at approximately $4,398,253.92. This trade represents a 20.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the completion of the sale, the executive vice president now directly owns 61,980 shares of the company's stock, valued at $4,450,783.80. The trade was 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 three months. Corporate insiders own 0.70% of the company's stock.

Nasdaq Trading Down 0.6 %

Nasdaq stock traded down $0.47 during midday trading on Wednesday, reaching $72.70. The stock had a trading volume of 534,365 shares, compared to its average volume of 3,095,558. Nasdaq, Inc. has a 52-week low of $58.10 and a 52-week high of $84.15. The company has a fifty day moving average of $76.39 and a 200 day moving average of $77.43. The firm has a market cap of $41.81 billion, a price-to-earnings ratio of 37.86, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81.

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, beating analysts' consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. On average, analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.24 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.32%. Nasdaq's dividend payout ratio (DPR) is 50.00%.

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.