Thompson Siegel & Walmsley LLC Purchases 20,400 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Thompson Siegel & Walmsley LLC boosted its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 55.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,400 shares of the financial services provider's stock after purchasing an additional 20,400 shares during the quarter. Thompson Siegel & Walmsley LLC's holdings in Nasdaq were worth $4,438,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. HBK Sorce Advisory LLC acquired a new stake in shares of Nasdaq in the 4th quarter valued at approximately $202,000. Skandinaviska Enskilda Banken AB publ increased its stake in Nasdaq by 9.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 90,735 shares of the financial services provider's stock valued at $7,021,000 after purchasing an additional 7,876 shares in the last quarter. Erste Asset Management GmbH raised its holdings in Nasdaq by 210.5% in the fourth quarter. Erste Asset Management GmbH now owns 23,828 shares of the financial services provider's stock worth $1,869,000 after purchasing an additional 16,153 shares during the period. Rakuten Securities Inc. bought a new position in shares of Nasdaq during the fourth quarter worth $26,000. Finally, Avantax Advisory Services Inc. grew its holdings in shares of Nasdaq by 2.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 109,546 shares of the financial services provider's stock valued at $8,469,000 after buying an additional 2,588 shares during the period. Institutional investors and hedge funds own 72.47% of the company's stock.

Nasdaq Stock Up 1.0 %

NASDAQ NDAQ traded up $0.75 during trading hours on Tuesday, hitting $75.30. 2,633,301 shares of the company traded hands, compared to its average volume of 2,773,221. The stock has a market capitalization of $43.31 billion, a price-to-earnings ratio of 39.22, a P/E/G ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a twelve month low of $58.10 and a twelve month high of $84.15. The business's 50-day moving average is $79.25 and its 200-day moving average is $77.36. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99.

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Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its 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%. Sell-side analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.27%. Nasdaq's dividend payout ratio (DPR) is 50.00%.

Insider Buying and Selling at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now owns 55,576 shares of the company's stock, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.70% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on NDAQ. UBS Group lifted their target price on Nasdaq from $79.00 to $89.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Royal Bank of Canada reiterated an "outperform" rating and issued a $95.00 price objective on shares of Nasdaq in a research report on Thursday, January 30th. Raymond James raised their target price on shares of Nasdaq from $83.00 to $84.00 and gave the stock an "outperform" rating in a report on Thursday, January 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a "hold" rating to a "buy" rating and upped their price target for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. Finally, Oppenheimer increased their price objective on shares of Nasdaq from $86.00 to $89.00 and gave the stock an "outperform" rating in a research report on Monday, January 13th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $86.88.

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.