Board of the Pension Protection Fund Makes New Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

Board of the Pension Protection Fund bought a new stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,600 shares of the financial services provider's stock, valued at approximately $956,000. Nasdaq comprises 1.1% of Board of the Pension Protection Fund's investment portfolio, making the stock its 24th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its position in Nasdaq by 7.7% during the first quarter. Janney Montgomery Scott LLC now owns 43,161 shares of the financial services provider's stock worth $3,274,000 after acquiring an additional 3,096 shares during the period. USA Financial Formulas grew its position in shares of Nasdaq by 61.1% during 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. NINE MASTS CAPITAL Ltd bought a new position in shares of Nasdaq during the fourth quarter worth approximately $274,000. Teacher Retirement System of Texas raised its position in shares of Nasdaq by 892.3% in the fourth quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider's stock valued at $4,689,000 after buying an additional 54,535 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Nasdaq in the fourth quarter valued at approximately $48,749,000. Institutional investors and hedge funds own 72.47% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity

In other 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 now directly owns 211,405 shares of the company's stock, valued at approximately $17,552,957.15. This trade represents a 3.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bryan Everard Smith sold 657 shares of the business's stock in a transaction dated 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 directly owns 61,980 shares in the company, valued at $4,450,783.80. This represents a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.70% of the company's stock.

Nasdaq Price Performance

NDAQ traded up $0.69 on Friday, reaching $89.08. The stock had a trading volume of 5,368,029 shares, compared to its average volume of 3,039,935. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $51.14 billion, a price-to-earnings ratio of 40.49, a price-to-earnings-growth ratio of 2.27 and a beta of 1.00. Nasdaq, Inc. has a fifty-two week low of $59.46 and a fifty-two week high of $89.46. The firm has a 50-day moving average of $81.54 and a 200-day moving average of $78.96.

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. The company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.22 billion. Nasdaq had a return on equity of 15.38% and a net margin of 16.36%. The business's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.63 earnings per share. As a group, sell-side analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, June 13th. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's payout ratio is 49.09%.

Nasdaq Company 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.