GAM Holding AG Purchases 16,069 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

GAM Holding AG boosted its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 23.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,044 shares of the financial services provider's stock after purchasing an additional 16,069 shares during the quarter. GAM Holding AG's holdings in Nasdaq were worth $6,376,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. USA Financial Formulas grew its stake 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 during the last quarter. NINE MASTS CAPITAL Ltd purchased a new stake in shares of Nasdaq during the fourth quarter worth about $274,000. Teacher Retirement System of Texas grew its stake in shares of Nasdaq by 892.3% during the fourth quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider's stock worth $4,689,000 after acquiring an additional 54,535 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Nasdaq during the fourth quarter worth about $48,749,000. Finally, Farallon Capital Management LLC grew its stake in shares of Nasdaq by 6.3% during the fourth quarter. Farallon Capital Management LLC now owns 3,998,019 shares of the financial services provider's stock worth $309,087,000 after acquiring an additional 235,748 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Trading Down 0.3%

Nasdaq stock opened at $86.10 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.77. Nasdaq, Inc. has a 12 month low of $58.76 and a 12 month high of $87.50. The stock's 50 day simple moving average is $80.31 and its two-hundred day simple moving average is $78.76. The firm has a market cap of $49.43 billion, a PE ratio of 39.14, a P/E/G ratio of 2.23 and a beta of 1.00.

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

Nasdaq Increases Dividend

The business also recently disclosed 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 annualized dividend and a yield of 1.25%. The ex-dividend date is Friday, June 13th. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio is currently 49.09%.

Analysts Set New Price Targets

NDAQ has been the topic of a number of research analyst reports. Piper Sandler boosted their price target on Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. UBS Group restated a "cautious" rating on shares of Nasdaq in a research note on Monday, April 28th. Redburn Atlantic upgraded Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price target on the stock in a research note on Thursday, April 17th. Morgan Stanley lowered Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 target price on the stock. in a research report on Tuesday, April 8th. Finally, Bank of America upped their target price on Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $87.19.

Insiders Place Their Bets

In other news, insider Pc Nelson Griggs sold 8,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total transaction 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 $17,552,957.15. This represents a 3.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Bryan Everard Smith sold 657 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $71.81, for a total value of $47,179.17. Following the transaction, the executive vice president now directly owns 61,980 shares of the company's stock, valued at approximately $4,450,783.80. The trade was 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 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.

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