Sumitomo Mitsui DS Asset Management Company Ltd Buys 6,166 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 13.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,452 shares of the financial services provider's stock after buying an additional 6,166 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Nasdaq were worth $3,978,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. GHP Investment Advisors Inc. raised its holdings in shares of Nasdaq by 19.5% during the 4th quarter. GHP Investment Advisors Inc. now owns 133,504 shares of the financial services provider's stock valued at $10,321,000 after buying an additional 21,768 shares in the last quarter. Elm3 Financial Group LLC purchased a new position in shares of Nasdaq during the fourth quarter worth approximately $294,000. Tyche Wealth Partners LLC purchased a new position in shares of Nasdaq during the fourth quarter worth approximately $669,000. Mirae Asset Global Investments Co. Ltd. raised its position in Nasdaq by 26.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider's stock worth $3,454,000 after purchasing an additional 9,130 shares during the period. Finally, Y.D. More Investments Ltd raised its position in Nasdaq by 94.2% in the 4th quarter. Y.D. More Investments Ltd now owns 606 shares of the financial services provider's stock worth $47,000 after purchasing an additional 294 shares during the period. Hedge funds and other institutional investors own 72.47% of the company's stock.

Insider Buying and Selling

In other news, EVP Jeremy Skule sold 12,075 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $78.75, for a total value of $950,906.25. Following the sale, the executive vice president now directly owns 102,505 shares of the company's stock, valued at approximately $8,072,268.75. This represents a 10.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction on Monday, February 3rd. The stock was 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 in the company, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Nasdaq Stock Up 2.2 %

NDAQ stock traded up $1.77 during midday trading on Thursday, hitting $81.69. The stock had a trading volume of 1,883,101 shares, compared to its average volume of 2,802,109. The business has a 50-day moving average of $79.52 and a two-hundred day moving average of $75.82. The firm has a market cap of $46.95 billion, a price-to-earnings ratio of 42.55, a price-to-earnings-growth ratio of 2.15 and a beta of 0.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. Nasdaq, Inc. has a 52-week low of $54.90 and a 52-week high of $84.15.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates 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, equities research analysts forecast that Nasdaq, Inc. will post 3.17 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.18%. Nasdaq's payout ratio is currently 50.00%.

Analyst Ratings Changes

A number of equities analysts recently commented on NDAQ shares. Raymond James lifted their target price on shares of Nasdaq from $83.00 to $84.00 and gave the stock an "outperform" rating in a research report on Thursday, January 9th. Deutsche Bank Aktiengesellschaft raised Nasdaq from a "hold" rating to a "buy" rating and lifted their price target for the stock from $80.00 to $98.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. increased their price objective on Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Argus lifted their target price on shares of Nasdaq from $76.00 to $82.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Finally, William Blair assumed coverage on shares of Nasdaq in a research report on Monday, November 25th. They set an "outperform" rating for the company. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $86.88.

Nasdaq 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.