FUKOKU MUTUAL LIFE INSURANCE Co Takes $222,000 Position in Nasdaq, Inc. (NASDAQ:NDAQ)

FUKOKU MUTUAL LIFE INSURANCE Co bought a new stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,920 shares of the financial services provider's stock, valued at approximately $222,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. IFC Advisors LLC raised its stake in Nasdaq by 5.9% in the 1st quarter. IFC Advisors LLC now owns 4,071 shares of the financial services provider's stock valued at $309,000 after purchasing an additional 227 shares during the last quarter. Xponance Inc. raised its stake in Nasdaq by 0.7% in the 1st quarter. Xponance Inc. now owns 92,992 shares of the financial services provider's stock valued at $7,054,000 after purchasing an additional 619 shares during the last quarter. LBP AM SA grew its holdings in Nasdaq by 15.8% in the 1st quarter. LBP AM SA now owns 549,693 shares of the financial services provider's stock valued at $41,700,000 after buying an additional 75,106 shares during the period. Greenleaf Trust grew its holdings in Nasdaq by 3.4% in the 1st quarter. Greenleaf Trust now owns 12,060 shares of the financial services provider's stock valued at $915,000 after buying an additional 397 shares during the period. Finally, Flossbach Von Storch SE grew its holdings in Nasdaq by 3.7% in the 1st quarter. Flossbach Von Storch SE now owns 1,158,977 shares of the financial services provider's stock valued at $87,920,000 after buying an additional 41,876 shares during the period. Institutional investors and hedge funds own 72.47% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on NDAQ. Redburn Atlantic upgraded Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price target for the company in a report on Thursday, April 17th. Piper Sandler lifted their price target on Nasdaq from $80.00 to $83.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Oppenheimer set a $96.00 price target on Nasdaq and gave the company an "outperform" rating in a report on Tuesday, June 17th. Royal Bank Of Canada restated an "outperform" rating and issued a $95.00 price target on shares of Nasdaq in a report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods lifted their price target on Nasdaq from $87.00 to $88.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Nasdaq has a consensus rating of "Moderate Buy" and an average target price of $90.69.

Nasdaq Stock Down 1.5%

NASDAQ NDAQ traded down $1.32 on Friday, reaching $89.41. The company had a trading volume of 2,433,101 shares, compared to its average volume of 3,079,179. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.98 and a quick ratio of 0.98. Nasdaq, Inc. has a 1 year low of $62.14 and a 1 year high of $90.84. The firm has a 50-day moving average of $84.84 and a 200-day moving average of $79.74. The firm has a market capitalization of $51.33 billion, a PE ratio of 40.64, a P/E/G ratio of 2.24 and a beta of 1.01.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. Nasdaq had a net margin of 16.36% and a return on equity of 15.38%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company earned $0.63 earnings per share. Nasdaq's revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities research analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a $0.27 dividend. This is an increase from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date was Friday, June 13th. This represents a $1.08 annualized dividend and a yield of 1.21%. Nasdaq's dividend payout ratio (DPR) is 49.09%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $89.17, for a total value of $187,702.85. Following the completion of the sale, the executive vice president owned 94,656 shares of the company's stock, valued at $8,440,475.52. This trade represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bradley J. Peterson sold 11,508 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the completion of the sale, the executive vice president directly owned 111,035 shares of the company's stock, valued at $9,867,680.45. This trade represents a 9.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,613 shares of company stock valued at $1,874,659 over the last 90 days. 0.70% of the stock is owned by corporate insiders.

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.