Mizuho Securities USA LLC Buys 12,387 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Mizuho Securities USA LLC increased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 46.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,221 shares of the financial services provider's stock after purchasing an additional 12,387 shares during the period. Mizuho Securities USA LLC's holdings in Nasdaq were worth $3,032,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Wellington Management Group LLP grew its position in shares of Nasdaq by 163.3% in the third quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider's stock valued at $2,835,235,000 after purchasing an additional 24,084,154 shares during the last quarter. State Street Corp boosted its stake in Nasdaq by 11.2% during the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider's stock valued at $1,310,653,000 after purchasing an additional 1,811,616 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in Nasdaq in the 4th quarter valued at approximately $110,867,000. Raymond James Financial Inc. bought a new position in Nasdaq in the 4th quarter worth approximately $105,481,000. Finally, Harris Associates L P lifted its holdings in shares of Nasdaq by 14.6% during the third quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider's stock worth $627,596,000 after buying an additional 1,096,090 shares during the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the firm's stock in a transaction 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bryan Everard Smith sold 3,500 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the sale, the executive vice president now owns 55,576 shares of the company's stock, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. StockNews.com raised Nasdaq from a "sell" rating to a "hold" rating in a research report on Thursday. Citigroup increased their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the company a "neutral" rating in a research note on Friday, January 10th. Raymond James lifted their target price 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. Finally, Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a "hold" rating to a "buy" rating and increased their price target for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Nasdaq presently has a consensus rating of "Moderate Buy" and an average price target of $86.88.

Nasdaq Stock Down 1.5 %

NDAQ stock traded down $1.17 during trading on Thursday, reaching $76.36. 2,533,842 shares of the stock were exchanged, compared to its average volume of 2,618,403. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a twelve month low of $58.10 and a twelve month high of $84.15. The firm's 50 day moving average is $79.24 and its 200 day moving average is $77.54. The firm has a market cap of $43.92 billion, a P/E ratio of 39.77, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.26%. Nasdaq's payout ratio 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.