4,108 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Acquired by Diversify Advisory Services LLC

Diversify Advisory Services LLC 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 & Exchange Commission. The firm bought 4,108 shares of the financial services provider's stock, valued at approximately $312,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NDAQ. Royal London Asset Management Ltd. raised its stake in Nasdaq by 9.4% in the 4th quarter. Royal London Asset Management Ltd. now owns 168,364 shares of the financial services provider's stock valued at $13,016,000 after purchasing an additional 14,504 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of Nasdaq by 892.3% in the 4th quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider's stock valued at $4,689,000 after purchasing an additional 54,535 shares in the last quarter. Northwest & Ethical Investments L.P. raised its position in shares of Nasdaq by 12.1% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 3,700 shares of the financial services provider's stock valued at $286,000 after purchasing an additional 400 shares in the last quarter. Mizuho Securities USA LLC raised its position in shares of Nasdaq by 46.2% in the 4th quarter. Mizuho Securities USA LLC now owns 39,221 shares of the financial services provider's stock valued at $3,032,000 after purchasing an additional 12,387 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Nasdaq by 61.2% in the 4th quarter. American Century Companies Inc. now owns 2,376,530 shares of the financial services provider's stock valued at $183,730,000 after purchasing an additional 902,150 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. UBS Group lifted their target price on Nasdaq from $82.00 to $95.00 and gave the stock a "neutral" rating in a report on Thursday, July 10th. Keefe, Bruyette & Woods lifted their price objective on Nasdaq from $87.00 to $88.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Piper Sandler reissued an "overweight" rating and issued a $97.00 price objective (up previously from $83.00) on shares of Nasdaq in a research note on Tuesday, July 15th. Barclays boosted their target price on Nasdaq from $84.00 to $101.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Finally, Morgan Stanley upped their price objective on Nasdaq from $75.00 to $86.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Nasdaq currently has an average rating of "Moderate Buy" and an average target price of $92.63.

Nasdaq Trading Down 0.3%

Shares of Nasdaq stock traded down $0.31 during midday trading on Tuesday, reaching $88.93. The company had a trading volume of 2,454,872 shares, compared to its average volume of 3,102,040. Nasdaq, Inc. has a fifty-two week low of $62.43 and a fifty-two week high of $90.84. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a fifty day moving average price of $85.91 and a 200 day moving average price of $80.16. The firm has a market cap of $51.06 billion, a PE ratio of 40.42, a P/E/G ratio of 2.15 and a beta of 1.01.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Nasdaq had a return on equity of 15.38% and a net margin of 16.36%. Nasdaq's revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.63 earnings per share. On average, equities analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a $0.27 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.21%. This is a boost from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's payout ratio is currently 49.09%.

Insider Transactions at Nasdaq

In other news, EVP Bradley J. Peterson sold 11,508 shares of the company's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $88.87, for a total value of $1,022,715.96. Following the completion of the transaction, the executive vice president owned 111,035 shares of the company's stock, valued at $9,867,680.45. This represents a 9.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Jeremy Skule sold 2,105 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $89.17, for a total value of $187,702.85. Following the sale, the executive vice president owned 94,656 shares in the company, valued at approximately $8,440,475.52. This trade represents a 2.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,613 shares of company stock worth $1,874,659 over the last quarter. 0.70% of the stock is currently owned by insiders.

About Nasdaq

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.