Allianz Asset Management GmbH Has $20.04 Million Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Allianz Asset Management GmbH lowered its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 52.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 264,230 shares of the financial services provider's stock after selling 288,451 shares during the quarter. Allianz Asset Management GmbH's holdings in Nasdaq were worth $20,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of NDAQ. Janney Montgomery Scott LLC boosted its position in shares of Nasdaq by 7.7% during the first quarter. Janney Montgomery Scott LLC now owns 43,161 shares of the financial services provider's stock valued at $3,274,000 after buying an additional 3,096 shares during the last quarter. USA Financial Formulas grew its position in Nasdaq by 61.1% in the 1st quarter. USA Financial Formulas now owns 17,842 shares of the financial services provider's stock worth $1,353,000 after purchasing an additional 6,764 shares in the last quarter. Principal Financial Group Inc. increased its stake in Nasdaq by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 2,268,620 shares of the financial services provider's stock valued at $172,098,000 after buying an additional 27,622 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Nasdaq during the 4th quarter worth approximately $48,749,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co bought a new position in shares of Nasdaq during the 1st quarter worth approximately $222,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Nasdaq

In related news, insider Pc Nelson Griggs sold 8,000 shares of Nasdaq stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total value of $664,240.00. Following the completion of the transaction, the insider directly owned 211,405 shares in the company, valued at approximately $17,552,957.15. This trade represents a 3.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jeremy Skule sold 2,105 shares of the business's stock in a transaction dated 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 directly owned 94,656 shares of the company's stock, valued at approximately $8,440,475.52. This represents a 2.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,613 shares of company stock valued at $1,874,659 over the last three months. 0.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Piper Sandler restated an "overweight" rating and set a $97.00 target price (up from $83.00) on shares of Nasdaq in a research report on Tuesday, July 15th. Royal Bank Of Canada boosted their price target on Nasdaq from $95.00 to $108.00 and gave the company an "outperform" rating in a report on Friday. Wall Street Zen raised Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. The Goldman Sachs Group upped their price target on shares of Nasdaq from $85.00 to $97.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Finally, Barclays boosted their target price on Nasdaq from $101.00 to $109.00 and gave the stock an "overweight" rating in a research report on Friday. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $96.63.

Nasdaq Price Performance

Shares of NDAQ traded up $1.34 during trading hours on Friday, reaching $94.84. The company had a trading volume of 5,276,392 shares, compared to its average volume of 3,258,497. The company has a market capitalization of $54.45 billion, a price-to-earnings ratio of 36.48, a PEG ratio of 2.25 and a beta of 1.01. Nasdaq, Inc. has a 12-month low of $64.33 and a 12-month high of $95.49. The firm has a 50 day simple moving average of $86.87 and a 200-day simple moving average of $80.60. The company has a current ratio of 0.96, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.07. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.26 billion. During the same period in the prior year, the company earned $0.69 EPS. The firm's revenue was up 12.7% on a year-over-year basis. Research analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a $0.27 dividend. The ex-dividend date is Friday, September 12th. This represents a $1.08 annualized dividend and a yield of 1.14%. Nasdaq's dividend payout ratio is currently 49.09%.

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.