9,500 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Purchased by New England Research & Management Inc.

New England Research & Management Inc. acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 9,500 shares of the financial services provider's stock, valued at approximately $734,000.

Several other large investors also recently made changes to their positions in the stock. Wellington Management Group LLP grew its stake in 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 in the last quarter. State Street Corp grew its stake in shares of Nasdaq by 11.2% in the third quarter. State Street Corp now owns 17,951,698 shares of the financial services provider's stock valued at $1,310,653,000 after buying an additional 1,811,616 shares in the last quarter. Geode Capital Management LLC increased its holdings in Nasdaq by 9.5% during the third quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider's stock worth $783,181,000 after buying an additional 932,665 shares during the last quarter. Harris Associates L P raised its position in 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 acquiring an additional 1,096,090 shares in the last quarter. Finally, Mizuho Securities USA LLC lifted its stake in Nasdaq by 13,532.3% in the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider's stock valued at $292,040,000 after acquiring an additional 3,970,658 shares during the last quarter. Institutional investors own 72.47% of the company's stock.

Insider Activity at Nasdaq

In related news, EVP Jeremy Skule sold 12,075 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the transaction, the executive vice president now owns 102,505 shares of the company's stock, valued at approximately $8,072,268.75. This trade represents a 10.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Pc Nelson Griggs sold 5,742 shares of Nasdaq stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total value of $444,086.28. Following the completion of the transaction, the insider now owns 205,821 shares in the company, valued at approximately $15,918,196.14. This represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,817 shares of company stock valued at $2,330,033. Company insiders own 0.70% of the company's stock.

Nasdaq Stock Performance

NASDAQ NDAQ traded up $0.30 during trading hours on Thursday, reaching $82.03. 1,429,226 shares of the company were exchanged, compared to its average volume of 2,768,938. Nasdaq, Inc. has a 1 year low of $54.90 and a 1 year high of $83.77. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The business's 50 day simple moving average is $79.50 and its 200-day simple moving average is $74.51. The stock has a market capitalization of $47.14 billion, a P/E ratio of 49.13, a P/E/G ratio of 2.77 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. On average, equities research analysts expect that Nasdaq, Inc. will post 2.81 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently disclosed 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. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.17%. Nasdaq's dividend payout ratio (DPR) is presently 57.49%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NDAQ. UBS Group boosted their target price on Nasdaq from $73.00 to $79.00 and gave the stock a "neutral" rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday. Morgan Stanley upped their price target on shares of Nasdaq from $92.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Keefe, Bruyette & Woods boosted their target price on Nasdaq from $86.00 to $91.00 and gave the stock an "outperform" rating in a research note on Friday, December 20th. Finally, StockNews.com upgraded Nasdaq from a "sell" rating to a "hold" rating in a report on Saturday, December 14th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Nasdaq currently has an average rating of "Moderate Buy" and a consensus price target of $86.25.

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.