NewEdge Advisors LLC Purchases 5,254 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

NewEdge Advisors LLC raised its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 56.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,601 shares of the financial services provider's stock after buying an additional 5,254 shares during the period. NewEdge Advisors LLC's holdings in Nasdaq were worth $1,129,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of NDAQ. Olstein Capital Management L.P. boosted its stake in Nasdaq by 35.6% in the fourth quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider's stock worth $6,185,000 after purchasing an additional 21,000 shares in the last quarter. NINE MASTS CAPITAL Ltd bought a new position in shares of Nasdaq in the fourth quarter worth about $274,000. Pacer Advisors Inc. grew its stake in shares of Nasdaq by 75.7% during the fourth quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider's stock valued at $4,170,000 after purchasing an additional 23,244 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Nasdaq by 892.3% in the fourth quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider's stock valued at $4,689,000 after purchasing an additional 54,535 shares in the last quarter. Finally, 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 last quarter. Institutional investors own 72.47% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NDAQ. StockNews.com upgraded Nasdaq from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Citigroup lowered their price target on shares of Nasdaq from $84.00 to $75.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Barclays cut their price objective on shares of Nasdaq from $86.00 to $84.00 and set an "overweight" rating on the stock in a report on Friday. Piper Sandler upped their price objective on shares of Nasdaq from $80.00 to $83.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Finally, Redburn Atlantic upgraded Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price objective on the stock in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.18.

Insider Activity at Nasdaq

In other news, EVP Bryan Everard Smith sold 657 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $71.81, for a total transaction of $47,179.17. Following the transaction, the executive vice president now directly owns 61,980 shares of the company's stock, valued at approximately $4,450,783.80. This trade represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 59,694 shares of the company's stock, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,116 shares of company stock worth $1,434,818. Corporate insiders own 0.70% of the company's stock.

Nasdaq Stock Performance

Nasdaq stock traded down $0.26 during mid-day trading on Monday, hitting $75.10. 2,842,314 shares of the company's stock traded hands, compared to its average volume of 2,809,328. The stock has a market cap of $43.12 billion, a price-to-earnings ratio of 39.11, a P/E/G ratio of 2.12 and a beta of 1.02. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The firm has a 50 day simple moving average of $75.07 and a two-hundred day simple moving average of $77.49. Nasdaq, Inc. has a fifty-two week low of $58.28 and a fifty-two week high of $84.15.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the business posted $0.63 earnings per share. The business's revenue for the quarter was up 10.7% compared to the same quarter last year. On average, research analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's payout ratio is presently 49.09%.

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.