Asahi Life Asset Management CO. LTD. Makes New Investment in Nasdaq, Inc. $NDAQ

Asahi Life Asset Management CO. LTD. purchased a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,640 shares of the financial services provider’s stock, valued at approximately $415,000.

Several other hedge funds have also recently modified their holdings of the stock. FUKOKU MUTUAL LIFE INSURANCE Co acquired a new stake in Nasdaq in the 1st quarter valued at about $222,000. 111 Capital raised its holdings in Nasdaq by 67.0% in the 2nd quarter. 111 Capital now owns 11,089 shares of the financial services provider’s stock valued at $992,000 after acquiring an additional 4,450 shares during the last quarter. FORA Capital LLC acquired a new stake in Nasdaq in the 1st quarter valued at about $664,000. Fiduciary Alliance LLC raised its holdings in Nasdaq by 18.9% in the 2nd quarter. Fiduciary Alliance LLC now owns 25,012 shares of the financial services provider’s stock valued at $2,237,000 after acquiring an additional 3,976 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Nasdaq by 9.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 64,012 shares of the financial services provider’s stock valued at $4,856,000 after acquiring an additional 5,507 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $85.56 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $48.85 billion, a P/E ratio of 30.56, a PEG ratio of 1.79 and a beta of 0.98. The company has a 50 day moving average price of $89.94 and a 200 day moving average price of $88.00. Nasdaq, Inc. has a fifty-two week low of $64.84 and a fifty-two week high of $97.63.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the company posted $0.74 EPS. Equities research analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.3%. Nasdaq’s dividend payout ratio (DPR) is presently 38.57%.

Analyst Ratings Changes

A number of analysts have commented on NDAQ shares. Morgan Stanley set a $90.00 price objective on shares of Nasdaq and gave the company an “equal weight” rating in a report on Wednesday, October 1st. The Goldman Sachs Group reiterated a “buy” rating on shares of Nasdaq in a report on Friday, July 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Nasdaq in a report on Tuesday, October 14th. UBS Group upgraded shares of Nasdaq from a “neutral” rating to a “buy” rating and increased their price objective for the company from $95.00 to $115.00 in a report on Friday, July 25th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $108.00 price target on shares of Nasdaq in a research note on Thursday, October 9th. Fourteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $99.67.

Insider Buying and Selling at Nasdaq

In related news, EVP Jeremy Skule sold 2,105 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $85.40, for a total transaction of $179,767.00. Following the completion of the transaction, the executive vice president owned 84,974 shares of the company’s stock, valued at approximately $7,256,779.60. This trade represents a 2.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

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.