Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 14.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 682,229 shares of the financial services provider's stock after buying an additional 87,096 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.12% of Nasdaq worth $53,364,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Korea Investment CORP lifted its position in Nasdaq by 10.9% during the fourth quarter. Korea Investment CORP now owns 297,577 shares of the financial services provider's stock valued at $23,006,000 after purchasing an additional 29,257 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in shares of Nasdaq in the 4th quarter valued at about $43,000. Congress Wealth Management LLC DE boosted its stake in shares of Nasdaq by 3.8% in the fourth quarter. Congress Wealth Management LLC DE now owns 7,464 shares of the financial services provider's stock worth $577,000 after buying an additional 270 shares during the last quarter. Vanguard Group Inc. grew its holdings in Nasdaq by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 52,576,413 shares of the financial services provider's stock worth $4,064,682,000 after acquiring an additional 376,893 shares during the period. Finally, Stevens Capital Management LP grew its holdings in Nasdaq by 33.2% during the fourth quarter. Stevens Capital Management LP now owns 7,208 shares of the financial services provider's stock worth $557,000 after acquiring an additional 1,797 shares during the period. 72.47% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other news, EVP Bryan Everard Smith sold 3,500 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the sale, the executive vice president now directly owns 55,576 shares of the company's stock, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was 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 represents a 20.04 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NDAQ shares. Raymond James raised their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the stock an "outperform" rating in a research note on Thursday, January 9th. Barclays dropped their price target on shares of Nasdaq from $96.00 to $95.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. StockNews.com upgraded shares of Nasdaq from a "sell" rating to a "hold" rating in a research report on Thursday. Keefe, Bruyette & Woods raised their target price on Nasdaq from $86.00 to $91.00 and gave the company an "outperform" rating in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. upped their price target on Nasdaq from $88.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $86.88.

Nasdaq Stock Up 1.3 %

NDAQ traded up $0.95 on Monday, reaching $75.86. The company's stock had a trading volume of 4,035,359 shares, compared to its average volume of 2,755,834. The company has a market capitalization of $43.63 billion, a price-to-earnings ratio of 39.51, a P/E/G ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a fifty-two week low of $58.10 and a fifty-two week high of $84.15. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The stock has a 50 day moving average of $79.12 and a two-hundred day moving average of $77.63.

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, 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, analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, March 14th. Nasdaq's dividend payout ratio (DPR) is currently 50.00%.

Nasdaq Company 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.