Nasdaq, Inc. (NASDAQ:NDAQ) Holdings Raised by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 131,146 shares of the financial services provider’s stock after purchasing an additional 691 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Nasdaq were worth $10,139,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP lifted its stake in shares of Nasdaq by 163.3% in the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock worth $2,835,235,000 after acquiring an additional 24,084,154 shares during the period. Mizuho Securities USA LLC raised its holdings in Nasdaq by 13,532.3% during the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock worth $292,040,000 after purchasing an additional 3,970,658 shares in the last quarter. State Street Corp lifted its position in Nasdaq by 11.2% in the third quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock worth $1,310,653,000 after purchasing an additional 1,811,616 shares during the period. Harris Associates L P boosted its stake in Nasdaq by 14.6% during the 3rd quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock valued at $627,596,000 after purchasing an additional 1,096,090 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Nasdaq by 9.5% during the 3rd quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider’s stock valued at $783,181,000 after purchasing an additional 932,665 shares during the period. Institutional investors own 72.47% of the company’s stock.

Nasdaq Price Performance

NASDAQ NDAQ opened at $81.03 on Friday. The company has a 50 day simple moving average of $79.37 and a 200-day simple moving average of $73.87. Nasdaq, Inc. has a 52-week low of $54.90 and a 52-week high of $83.77. The firm has a market capitalization of $46.57 billion, a price-to-earnings ratio of 48.52, a price-to-earnings-growth ratio of 2.74 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) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The company’s revenue was up 21.9% compared to the same quarter last year. Equities research analysts predict that Nasdaq, Inc. will post 2.81 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.18%. The ex-dividend date was Friday, December 6th. Nasdaq’s payout ratio is currently 57.49%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NDAQ shares. Oppenheimer upped their price objective on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Barclays reduced their price objective on shares of Nasdaq from $97.00 to $96.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their target price for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. Royal Bank of Canada restated an “outperform” rating and issued a $95.00 price target on shares of Nasdaq in a research report on Thursday, January 9th. Finally, Raymond James upped their price target on Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $85.73.

Insiders Place Their Bets

In related news, EVP Bradley J. Peterson sold 13,642 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.32, for a total value of $1,027,515.44. Following the transaction, the executive vice president now owns 142,830 shares in the company, valued at approximately $10,757,955.60. This represents a 8.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jeremy Skule sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total transaction of $935,040.00. Following the transaction, the executive vice president now directly owns 114,580 shares in the company, valued at approximately $8,928,073.60. The trade was a 9.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,459 shares of company stock valued at $3,811,808 in the last three months. Insiders own 0.70% of the company’s stock.

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.