Resona Asset Management Co. Ltd. Takes $10.07 Million Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Resona Asset Management Co. Ltd. bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 129,918 shares of the financial services provider's stock, valued at approximately $10,065,000.

Several other large investors have also recently bought and sold shares of the company. Janus Henderson Group PLC increased its stake in shares of 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 during the period. Royal London Asset Management Ltd. increased its position in Nasdaq by 11.0% in the 3rd quarter. Royal London Asset Management Ltd. now owns 153,860 shares of the financial services provider's stock valued at $11,233,000 after acquiring an additional 15,187 shares during the period. Quarry LP raised its stake in shares of Nasdaq by 316.7% during the third quarter. Quarry LP now owns 871 shares of the financial services provider's stock valued at $64,000 after acquiring an additional 662 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of Nasdaq by 23.1% in the third quarter. Quantinno Capital Management LP now owns 30,329 shares of the financial services provider's stock worth $2,214,000 after purchasing an additional 5,682 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in Nasdaq in the third quarter valued at $208,000. 72.47% of the stock is currently owned by institutional investors.

Insider Activity at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction on 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 sale, the executive vice president now directly owns 55,576 shares of the company's stock, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of Nasdaq 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 transaction, the executive vice president now directly owns 59,694 shares in the company, valued at $4,398,253.92. This represents a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,116 shares of company stock valued at $1,434,818. 0.70% of the stock is owned by corporate insiders.

Remove Ads

Analyst Upgrades and Downgrades

NDAQ has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their target price on Nasdaq from $88.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Raymond James upped their target price on Nasdaq from $83.00 to $84.00 and gave the company an "outperform" rating in a report on Thursday, January 9th. 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 report on Tuesday. StockNews.com lowered shares of Nasdaq from a "hold" rating to a "sell" rating in a research note on Wednesday. Finally, 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $85.88.

Nasdaq Stock Up 0.2 %

Nasdaq stock traded up $0.15 during mid-day trading on Friday, reaching $70.45. The stock had a trading volume of 974,474 shares, compared to its average volume of 2,833,337. 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, Inc. has a fifty-two week low of $58.10 and a fifty-two week high of $84.15. The stock's 50-day simple moving average is $77.01 and its 200-day simple moving average is $77.43. The firm has a market capitalization of $40.52 billion, a PE ratio of 36.63, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02.

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, beating 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%. On average, sell-side analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued 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 1.36%. Nasdaq's dividend 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.