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Nasdaq, Inc. (NASDAQ:NDAQ) Stock Holdings Boosted by Nomura Asset Management Co. Ltd.

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Nomura Asset Management Co. Ltd. grew its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 49.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 164,179 shares of the financial services provider's stock after purchasing an additional 54,594 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Nasdaq were worth $11,987,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Y.D. More Investments Ltd lifted its position in Nasdaq by 94.8% during the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider's stock worth $25,000 after acquiring an additional 202 shares in the last quarter. Hobbs Group Advisors LLC acquired a new position in shares of Nasdaq during the second quarter worth $26,000. Catalyst Capital Advisors LLC acquired a new position in shares of Nasdaq during the third quarter worth $27,000. Crewe Advisors LLC boosted its stake in shares of Nasdaq by 164.4% in the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 314 shares during the period. Finally, Claro Advisors LLC acquired a new stake in Nasdaq during the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 72.47% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NDAQ shares. William Blair started coverage on Nasdaq in a research note on Monday, November 25th. They set an "outperform" rating for the company. Barclays raised their price target on shares of Nasdaq from $87.00 to $97.00 and gave the stock an "overweight" rating in a research report on Monday. Raymond James raised shares of Nasdaq from a "market perform" rating to an "outperform" rating and set a $82.00 price target on the stock in a report on Monday, October 14th. StockNews.com lowered shares of Nasdaq from a "hold" rating to a "sell" rating in a report on Friday, December 6th. Finally, Piper Sandler upped their target price on shares of Nasdaq from $73.00 to $80.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $81.53.

Check Out Our Latest Research Report on NDAQ

Insider Activity at Nasdaq

In related news, EVP Bradley J. Peterson sold 13,642 shares of the company's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of the sale, the executive vice president now owns 142,830 shares of the company's stock, valued at $10,757,955.60. This represents a 8.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jeremy Skule sold 12,075 shares of the firm's stock in a transaction dated 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 directly owns 102,505 shares in the company, valued at approximately $8,072,268.75. The trade was a 10.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,459 shares of company stock worth $3,811,808 in the last three months. 0.70% of the stock is owned by company insiders.

Nasdaq Stock Performance

Shares of NDAQ traded down $0.44 during midday trading on Thursday, hitting $80.87. 1,465,164 shares of the stock traded hands, compared to its average volume of 2,853,268. The business's 50 day moving average price is $77.27 and its two-hundred day moving average price is $69.92. The firm has a market capitalization of $46.48 billion, a PE ratio of 48.49, a price-to-earnings-growth ratio of 3.16 and a beta of 0.97. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. Nasdaq, Inc. has a 1-year low of $54.03 and a 1-year high of $83.77.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm posted $0.71 EPS. Nasdaq's quarterly revenue was up 21.9% compared to the same quarter last year. Equities research analysts predict that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Friday, December 6th. Nasdaq's dividend payout ratio (DPR) is 57.49%.

Nasdaq Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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