Paralel Advisors LLC Buys 3,616 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Paralel Advisors LLC increased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 10.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,782 shares of the financial services provider's stock after purchasing an additional 3,616 shares during the period. Paralel Advisors LLC's holdings in Nasdaq were worth $3,076,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in NDAQ. Janus Henderson Group PLC boosted its position in Nasdaq by 8.9% in the third quarter. Janus Henderson Group PLC now owns 58,929 shares of the financial services provider's stock valued at $4,302,000 after buying an additional 4,800 shares in the last quarter. Quantinno Capital Management LP raised its position in Nasdaq by 23.1% in the 3rd quarter. Quantinno Capital Management LP now owns 30,329 shares of the financial services provider's stock valued at $2,214,000 after purchasing an additional 5,682 shares during the last quarter. XTX Topco Ltd acquired a new position in Nasdaq in the third quarter worth $208,000. MML Investors Services LLC grew its holdings in shares of Nasdaq by 34.4% during the third quarter. MML Investors Services LLC now owns 5,843 shares of the financial services provider's stock worth $427,000 after purchasing an additional 1,494 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of Nasdaq by 49.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 164,179 shares of the financial services provider's stock valued at $11,987,000 after buying an additional 54,594 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Nasdaq

In related news, EVP Bryan Everard Smith sold 657 shares of the company's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $71.81, for a total value of $47,179.17. Following the transaction, the executive vice president now owns 61,980 shares in the company, valued at approximately $4,450,783.80. This represents a 1.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the sale, the executive vice president now owns 59,694 shares of the company's stock, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 19,116 shares of company stock worth $1,434,818. 0.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on NDAQ shares. Raymond James upped their target price on shares of Nasdaq from $83.00 to $84.00 and gave the stock an "outperform" rating in a research report on Thursday, January 9th. Morgan Stanley cut Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price target on the stock. in a report on Tuesday, April 8th. Keefe, Bruyette & Woods upped their target price on shares of Nasdaq from $86.00 to $91.00 and gave the company an "outperform" rating in a research report on Friday, December 20th. Piper Sandler lifted their target price on shares of Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a "hold" rating to a "buy" rating and raised their price target for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, Nasdaq currently has an average rating of "Moderate Buy" and an average price target of $85.56.

Nasdaq Stock Up 1.0 %

NDAQ traded up $0.70 on Tuesday, hitting $73.48. 599,968 shares of the company were exchanged, compared to its average volume of 2,827,728. The company has a market cap of $42.26 billion, a PE ratio of 38.27, a PEG ratio of 2.12 and a beta of 1.02. Nasdaq, Inc. has a 12 month low of $58.10 and a 12 month high of $84.15. The stock's fifty day moving average is $76.60 and its 200-day moving average is $77.46. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99.

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

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.24 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.31%. Nasdaq's payout ratio is 50.00%.

Nasdaq Company 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.