O Shaughnessy Asset Management LLC Acquires 3,688 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

O Shaughnessy Asset Management LLC grew its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 11.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 36,280 shares of the financial services provider's stock after buying an additional 3,688 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Nasdaq were worth $2,805,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Nasdaq by 0.7% in 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 buying an additional 376,893 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Nasdaq by 163.3% during the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider's stock worth $2,835,235,000 after acquiring an additional 24,084,154 shares during the period. State Street Corp raised its position in shares of Nasdaq by 11.2% in the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider's stock worth $1,310,653,000 after acquiring an additional 1,811,616 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Nasdaq by 9.5% in the 3rd quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider's stock valued at $783,181,000 after purchasing an additional 932,665 shares during the period. Finally, Norges Bank bought a new stake in shares of Nasdaq during the fourth quarter valued at approximately $424,285,000. 72.47% of the stock is currently owned by institutional investors.

Insider Transactions at Nasdaq

In related news, EVP Sarah Youngwood sold 14,959 shares of the company's stock in a transaction on Monday, March 17th. The stock was 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 in the company, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bryan Everard Smith sold 3,500 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president now directly owns 55,576 shares in the company, valued at $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,116 shares of company stock worth $1,434,818 over the last three months. 0.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $95.00 price objective on shares of Nasdaq in a report on Thursday, January 30th. Bank of America increased their price target on shares of Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. Oppenheimer boosted their price objective on shares of Nasdaq from $86.00 to $89.00 and gave the stock an "outperform" rating in a research note on Monday, January 13th. Morgan Stanley downgraded shares of Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 target price for the company. in a research note on Tuesday. Finally, Piper Sandler lifted their target price on shares of Nasdaq from $80.00 to $83.00 and gave the company an "overweight" rating in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $86.44.

Nasdaq Stock Up 1.3 %

NDAQ traded up $0.88 during trading on Tuesday, hitting $68.62. 1,976,506 shares of the company's stock traded hands, compared to its average volume of 2,948,126. Nasdaq, Inc. has a 12-month low of $58.10 and a 12-month high of $84.15. The company's 50 day simple moving average is $78.26 and its two-hundred day simple moving average is $77.64. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $39.47 billion, a price-to-earnings ratio of 35.75, a PEG ratio of 2.12 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, March 14th. Nasdaq's payout ratio is presently 50.00%.

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.