Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. raised its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 12.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,700 shares of the financial services provider’s stock after buying an additional 400 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Nasdaq were worth $286,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Olstein Capital Management L.P. grew its holdings in Nasdaq by 35.6% during the fourth quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider’s stock worth $6,185,000 after acquiring an additional 21,000 shares during the period. NINE MASTS CAPITAL Ltd acquired a new position in shares of Nasdaq during the 4th quarter worth $274,000. Pacer Advisors Inc. increased its holdings in shares of Nasdaq by 75.7% in the 4th quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock valued at $4,170,000 after purchasing an additional 23,244 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Nasdaq by 26.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider’s stock valued at $3,454,000 after purchasing an additional 9,130 shares during the period. Finally, USA Financial Formulas purchased a new stake in Nasdaq during the fourth quarter worth about $856,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Trading Down 1.8 %

Shares of Nasdaq stock opened at $75.55 on Friday. Nasdaq, Inc. has a fifty-two week low of $58.10 and a fifty-two week high of $84.15. The business’s fifty day moving average is $79.17 and its two-hundred day moving average is $77.44. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The firm has a market cap of $43.45 billion, a PE ratio of 39.35, a P/E/G ratio of 2.12 and a beta of 0.96.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.27%. Nasdaq’s dividend payout ratio is presently 50.00%.

Insider Buying and Selling

In other news, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction 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 $4,532,778.56. The trade was a 5.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 59,694 shares in the company, valued at $4,398,253.92. This trade represents a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NDAQ has been the subject of a number of research reports. William Blair initiated coverage on shares of Nasdaq in a research report on Monday, November 25th. They set an “outperform” rating for the company. UBS Group lifted their price objective on Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Oppenheimer upped their target price on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a research note on Thursday, January 30th. Finally, Barclays lowered their price objective on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.88.

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.