Acadian Asset Management LLC Acquires 10,266 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Acadian Asset Management LLC increased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 11.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,302 shares of the financial services provider’s stock after acquiring an additional 10,266 shares during the quarter. Acadian Asset Management LLC’s holdings in Nasdaq were worth $6,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Janney Montgomery Scott LLC increased its stake in Nasdaq by 7.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 240,851 shares of the financial services provider’s stock valued at $15,198,000 after purchasing an additional 16,797 shares in the last quarter. Kingsview Wealth Management LLC bought a new stake in Nasdaq during the 4th quarter valued at about $1,949,000. SG Americas Securities LLC increased its stake in Nasdaq by 312.0% during the 1st quarter. SG Americas Securities LLC now owns 183,849 shares of the financial services provider’s stock valued at $11,601,000 after purchasing an additional 139,228 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Nasdaq by 12.8% during the 4th quarter. BNP Paribas Financial Markets now owns 415,101 shares of the financial services provider’s stock valued at $24,134,000 after purchasing an additional 46,957 shares in the last quarter. Finally, Quantbot Technologies LP boosted its holdings in shares of Nasdaq by 237.3% during the 1st quarter. Quantbot Technologies LP now owns 30,845 shares of the financial services provider’s stock valued at $1,946,000 after acquiring an additional 21,699 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Price Performance

Shares of Nasdaq stock traded up $0.70 on Monday, hitting $63.21. 824,976 shares of the company traded hands, compared to its average volume of 2,781,602. The stock has a market capitalization of $36.36 billion, a P/E ratio of 32.89, a price-to-earnings-growth ratio of 2.88 and a beta of 0.94. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.99 and a current ratio of 0.99. Nasdaq, Inc. has a 52 week low of $46.88 and a 52 week high of $64.25. The business has a 50-day simple moving average of $60.59 and a 200 day simple moving average of $59.52.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.02). The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. The company’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 EPS. Research analysts expect that Nasdaq, Inc. will post 2.7 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.24 per share. The ex-dividend date was Friday, June 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.52%. This is a boost from Nasdaq’s previous quarterly dividend of $0.22. Nasdaq’s dividend payout ratio (DPR) is presently 50.53%.

Insider Activity

In related news, EVP Bryan Everard Smith sold 3,036 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.89, for a total value of $181,826.04. Following the sale, the executive vice president now owns 58,636 shares in the company, valued at $3,511,710.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

NDAQ has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price target on the stock in a report on Tuesday, March 26th. StockNews.com downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Rosenblatt Securities downgraded shares of Nasdaq from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $76.00 to $64.00 in a report on Wednesday, May 8th. Edward Jones started coverage on shares of Nasdaq in a report on Wednesday, April 3rd. They issued a “buy” rating on the stock. Finally, Morgan Stanley raised shares of Nasdaq from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $59.00 to $80.00 in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Nasdaq has a consensus rating of “Moderate Buy” and an average price target of $67.08.

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.