Dnca Finance Takes Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Dnca Finance acquired a new position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 66,100 shares of the financial services provider's stock, valued at approximately $5,110,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Trust Advisors LP grew its position in shares of Nasdaq by 6.3% during the 4th quarter. First Trust Advisors LP now owns 701,656 shares of the financial services provider's stock worth $54,245,000 after buying an additional 41,359 shares during the period. Freedom Investment Management Inc. grew its holdings in Nasdaq by 36.7% in the fourth quarter. Freedom Investment Management Inc. now owns 5,940 shares of the financial services provider's stock worth $459,000 after purchasing an additional 1,596 shares during the period. GeoWealth Management LLC increased its stake in Nasdaq by 107.7% in the fourth quarter. GeoWealth Management LLC now owns 5,059 shares of the financial services provider's stock valued at $391,000 after purchasing an additional 2,623 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of Nasdaq by 3.6% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,428,950 shares of the financial services provider's stock valued at $110,350,000 after purchasing an additional 49,032 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in shares of Nasdaq by 93.6% during the 4th quarter. Canada Pension Plan Investment Board now owns 210,549 shares of the financial services provider's stock worth $16,278,000 after purchasing an additional 101,775 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the sale, the executive vice president now directly owns 59,694 shares in the company, valued at $4,398,253.92. This represents a 20.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of the business's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $71.81, for a total transaction of $47,179.17. Following the transaction, the executive vice president now owns 61,980 shares of the company's stock, valued at $4,450,783.80. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,116 shares of company stock worth $1,434,818. Corporate insiders own 0.70% of the company's stock.

Nasdaq Stock Performance

NASDAQ NDAQ traded up $1.05 on Thursday, hitting $74.55. 2,120,193 shares of the stock traded hands, compared to its average volume of 2,829,961. The firm has a market capitalization of $42.88 billion, a price-to-earnings ratio of 38.70, a PEG ratio of 2.12 and a beta of 1.02. The business's fifty day moving average is $75.31 and its two-hundred day moving average is $77.37. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. Nasdaq, Inc. has a 12 month low of $58.10 and a 12 month high of $84.15.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.05. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. As a group, equities analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.27 dividend. This is an increase from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 1.45%. Nasdaq's dividend payout ratio (DPR) is 50.00%.

Analyst Ratings Changes

Several research analysts have issued reports on NDAQ shares. JPMorgan Chase & Co. increased their price target on Nasdaq from $88.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Royal Bank of Canada restated an "outperform" rating and set a $95.00 price target on shares of Nasdaq in a research note on Thursday, April 10th. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a "hold" rating to a "buy" rating and raised their price objective for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. Redburn Atlantic raised shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 target price for the company in a research report on Thursday, April 17th. Finally, Piper Sandler raised their price target on shares of Nasdaq from $80.00 to $83.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.88.

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.