Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 13.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,452 shares of the financial services provider’s stock after acquiring an additional 6,166 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Nasdaq were worth $3,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Olstein Capital Management L.P. raised its stake in Nasdaq by 35.6% during the 4th quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider’s stock valued at $6,185,000 after acquiring an additional 21,000 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Nasdaq by 75.7% during the fourth quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock worth $4,170,000 after purchasing an additional 23,244 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of Nasdaq during the fourth quarter worth $856,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Nasdaq by 49.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 164,179 shares of the financial services provider’s stock worth $11,987,000 after purchasing an additional 54,594 shares during the period. Finally, Cumberland Partners Ltd purchased a new position in Nasdaq in the 3rd quarter valued at $10,400,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NDAQ shares. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. William Blair initiated coverage on shares of Nasdaq in a research report on Monday, November 25th. They issued an “outperform” rating for the company. Raymond James boosted their target price on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and raised their price target for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. Finally, Morgan Stanley upped their price objective on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $86.88.

Nasdaq Price Performance

NDAQ stock opened at $82.82 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The stock’s 50 day moving average price is $79.55 and its 200 day moving average price is $75.56. The firm has a market cap of $47.60 billion, a P/E ratio of 43.14, a PEG ratio of 2.15 and a beta of 0.99. Nasdaq, Inc. has a 1 year low of $54.90 and a 1 year high of $84.15.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. On average, sell-side analysts expect that Nasdaq, Inc. will post 3.17 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s dividend payout ratio is presently 50.00%.

Insider Activity

In other Nasdaq news, EVP Jeremy Skule sold 12,075 shares of Nasdaq stock in a transaction on Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the transaction, the executive vice president now owns 102,505 shares in the company, valued at $8,072,268.75. This trade represents a 10.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

About Nasdaq

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.