Pacer Advisors Inc. Acquires 23,244 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Pacer Advisors Inc. lifted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 75.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,933 shares of the financial services provider's stock after acquiring an additional 23,244 shares during the quarter. Pacer Advisors Inc.'s holdings in Nasdaq were worth $4,170,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning grew its stake in shares of Nasdaq by 0.7% during the second quarter. Creative Planning now owns 51,442 shares of the financial services provider's stock valued at $3,100,000 after acquiring an additional 351 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Nasdaq by 6.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 60,124 shares of the financial services provider's stock worth $3,624,000 after purchasing an additional 3,398 shares during the period. Sunbelt Securities Inc. grew its position in shares of Nasdaq by 65.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 2,814 shares of the financial services provider's stock valued at $170,000 after buying an additional 1,112 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Nasdaq during the 2nd quarter worth approximately $291,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Nasdaq during the second quarter valued at $3,018,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Jeremy Skule sold 12,075 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was 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 in the company, valued at approximately $8,072,268.75. This trade represents a 10.54 % decrease in their ownership of the stock. The sale 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 the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total transaction of $444,086.28. Following the sale, the insider now owns 205,821 shares in the company, valued at $15,918,196.14. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,817 shares of company stock valued at $2,330,033 in the last 90 days. 0.70% of the stock is owned by insiders.

Nasdaq Stock Up 0.7 %

NDAQ opened at $82.28 on Friday. The firm's fifty day moving average price is $79.53 and its two-hundred day moving average price is $74.56. Nasdaq, Inc. has a fifty-two week low of $54.90 and a fifty-two week high of $83.77. The company has a market capitalization of $47.29 billion, a P/E ratio of 42.85, a P/E/G ratio of 2.78 and a beta of 0.98. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.91%. On average, analysts anticipate that Nasdaq, Inc. will post 3.16 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.17%. Nasdaq's dividend payout ratio is 50.00%.

Analysts Set New Price Targets

Several analysts recently commented on the company. William Blair initiated coverage on Nasdaq in a research report on Monday, November 25th. They issued an "outperform" rating on the stock. Bank of America decreased their price target on shares of Nasdaq from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Thursday, October 3rd. Raymond James raised their price objective on Nasdaq from $83.00 to $84.00 and gave the stock an "outperform" rating in a research note on Thursday, January 9th. Piper Sandler increased their price target on Nasdaq from $73.00 to $80.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. Finally, Citigroup lifted their target price on shares of Nasdaq from $78.00 to $84.00 and gave the stock a "neutral" rating in a research report on Friday, January 10th. Five investment 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, Nasdaq presently has an average rating of "Moderate Buy" and an average target price of $86.88.

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.