Dimensional Fund Advisors LP Has $199.78 Million Holdings in Nasdaq, Inc. $NDAQ

Key Points

• Dimensional Fund Advisors LP increased its holdings in Nasdaq, Inc. by 4.6% during the first quarter, owning a total of 2,633,730 shares worth approximately $199,777,000.
• Several hedge funds ramped up their stakes in Nasdaq, with Grove Bank & Trust increasing its investment by 194.6% and Highline Wealth Partners boosting its position by a staggering 1,509.5% in the same quarter.
• Nasdaq recently announced a $0.27 quarterly dividend payable on September 26th, representing an annualized yield of 1.1% based on a payout ratio of 41.54%.

Dimensional Fund Advisors LP lifted its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 4.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,633,730 shares of the financial services provider's stock after purchasing an additional 115,217 shares during the quarter. Dimensional Fund Advisors LP owned 0.46% of Nasdaq worth $199,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

NDAQ has been the subject of several recent research reports. UBS Group raised Nasdaq from a "neutral" rating to a "buy" rating and boosted their price target for the company from $95.00 to $115.00 in a research note on Friday, July 25th. Keefe, Bruyette & Woods boosted their target price on shares of Nasdaq from $103.00 to $104.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Piper Sandler boosted their target price on shares of Nasdaq from $97.00 to $104.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Nasdaq from $97.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Morgan Stanley boosted their target price on shares of Nasdaq from $75.00 to $86.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Fourteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $97.06.

Insider Activity

In related news, SVP Michelle Lynn Daly sold 8,691 shares of the company's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $93.45, for a total transaction of $812,173.95. Following the completion of the transaction, the senior vice president directly owned 8,879 shares in the company, valued at $829,742.55. This represents a 49.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Pc Nelson Griggs sold 8,000 shares of the company's stock in a transaction 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 transaction, the insider owned 211,405 shares of the company's stock, valued at approximately $17,552,957.15. The trade was a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,409 shares of company stock valued at $2,887,839 in the last quarter. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ traded up $0.79 during trading hours on Friday, hitting $94.75. 2,038,358 shares of the stock were exchanged, compared to its average volume of 2,926,164. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96. The company's 50 day moving average is $91.63 and its 200 day moving average is $82.79. The firm has a market capitalization of $54.37 billion, a P/E ratio of 36.44, a P/E/G ratio of 2.08 and a beta of 1.00. Nasdaq, Inc. has a one year low of $64.84 and a one year high of $97.63.

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

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 12th. Nasdaq's dividend payout ratio is currently 41.54%.

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.