Bessemer Group Inc. Grows Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Bessemer Group Inc. increased its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 7.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,383,076 shares of the financial services provider's stock after acquiring an additional 226,788 shares during the period. Bessemer Group Inc. owned about 0.59% of Nasdaq worth $256,641,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NDAQ. Grove Bank & Trust lifted its position in shares of Nasdaq by 194.6% in the first quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 216 shares in the last quarter. Rakuten Securities Inc. purchased a new stake in Nasdaq during the fourth quarter valued at approximately $26,000. Highline Wealth Partners LLC raised its stake in shares of Nasdaq by 1,509.5% in the first quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 317 shares during the period. Opal Wealth Advisors LLC bought a new stake in Nasdaq in the first quarter worth about $26,000. Finally, Kapitalo Investimentos Ltda bought a new position in Nasdaq in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 72.47% of the company's stock.

Nasdaq Price Performance

NDAQ stock traded up $0.34 during mid-day trading on Thursday, reaching $88.39. 3,230,850 shares of the company's stock were exchanged, compared to its average volume of 3,030,623. The company has a market cap of $50.75 billion, a price-to-earnings ratio of 29.55, a price-to-earnings-growth ratio of 2.27 and a beta of 1.00. Nasdaq, Inc. has a 12-month low of $59.46 and a 12-month high of $88.85. The stock's 50 day moving average is $81.21 and its 200 day moving average is $78.90. 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 (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, topping 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 firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm earned $0.63 EPS. The company's revenue for the quarter was up 10.7% on a year-over-year basis. On average, research analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a $0.27 dividend. The ex-dividend date is Friday, June 13th. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.22%. Nasdaq's payout ratio is currently 49.09%.

Analyst Ratings Changes

NDAQ has been the subject of a number of research analyst reports. Piper Sandler lifted their price objective on shares of Nasdaq from $80.00 to $83.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Wall Street Zen upgraded Nasdaq from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Citigroup dropped their price objective on Nasdaq from $84.00 to $75.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Oppenheimer set a $96.00 price objective on Nasdaq and gave the stock an "outperform" rating in a report on Tuesday, June 17th. Finally, Barclays dropped their target price on shares of Nasdaq from $86.00 to $84.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $87.19.

Insider Buying and Selling

In other Nasdaq news, insider Pc Nelson Griggs sold 8,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total transaction of $664,240.00. Following the sale, the insider now directly owns 211,405 shares in the company, valued at $17,552,957.15. This represents a 3.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Bryan Everard Smith sold 657 shares of Nasdaq stock in a transaction on Friday, April 4th. The shares were sold at an average price of $71.81, for a total value of $47,179.17. Following the completion of the transaction, the executive vice president now owns 61,980 shares of the company's stock, valued at approximately $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. 0.70% of the stock is owned by company insiders.

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.