Cypress Asset Management Inc. TX Acquires Shares of 8,225 Nasdaq, Inc. (NASDAQ:NDAQ)

Cypress Asset Management Inc. TX purchased a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,225 shares of the financial services provider's stock, valued at approximately $665,000.

Other large investors have also added to or reduced their stakes in the company. Rakuten Securities Inc. purchased a new stake in Nasdaq during the fourth quarter valued at about $26,000. Kestra Investment Management LLC purchased a new stake in Nasdaq during the fourth quarter valued at about $33,000. Kapitalo Investimentos Ltda purchased a new stake in Nasdaq during the fourth quarter valued at about $37,000. TCTC Holdings LLC purchased a new stake in Nasdaq during the fourth quarter valued at about $41,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in Nasdaq during the fourth quarter valued at about $43,000. Hedge funds and other institutional investors own 72.47% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on NDAQ shares. Morgan Stanley downgraded Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price objective on the stock. in a report on Tuesday, April 8th. UBS Group restated a "cautious" rating on shares of Nasdaq in a report on Monday, April 28th. Bank of America increased their target price on Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. Piper Sandler raised their target price on Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. raised their target price on Nasdaq from $88.00 to $95.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $86.50.

Insider Transactions at Nasdaq

In related news, EVP Bryan Everard Smith sold 657 shares of Nasdaq stock in a transaction that occurred 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 directly 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction on Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company's stock.

Nasdaq Price Performance

Nasdaq stock traded down $0.51 during mid-day trading on Wednesday, hitting $82.55. The stock had a trading volume of 2,035,298 shares, compared to its average volume of 2,939,787. The firm's 50 day moving average is $76.01 and its 200 day moving average is $78.20. Nasdaq, Inc. has a one year low of $58.28 and a one year high of $84.15. The firm has a market capitalization of $47.39 billion, a P/E ratio of 43.00, a P/E/G ratio of 2.12 and a beta of 1.00. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The firm 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 firm earned $0.63 EPS. The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. On average, sell-side analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a dividend of $0.27 per share. 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 1.31%. Nasdaq's dividend payout ratio (DPR) is 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.