IFM Investors Pty Ltd Has $8.43 Million Stake in Nasdaq, Inc. $NDAQ

IFM Investors Pty Ltd boosted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 5.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,249 shares of the financial services provider's stock after purchasing an additional 4,654 shares during the period. IFM Investors Pty Ltd's holdings in Nasdaq were worth $8,428,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Nasdaq by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 52,979,661 shares of the financial services provider's stock valued at $4,019,037,000 after purchasing an additional 403,248 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Nasdaq by 5.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,433,885 shares of the financial services provider's stock valued at $1,550,115,000 after buying an additional 993,553 shares during the last quarter. Harris Associates L P boosted its position in Nasdaq by 1.2% in the 1st quarter. Harris Associates L P now owns 8,693,469 shares of the financial services provider's stock valued at $659,487,000 after buying an additional 101,983 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Nasdaq by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,785,047 shares of the financial services provider's stock valued at $438,854,000 after buying an additional 484,750 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Nasdaq by 40.8% in the 1st quarter. Invesco Ltd. now owns 5,494,271 shares of the financial services provider's stock valued at $416,795,000 after buying an additional 1,592,057 shares during the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Stock Performance

Shares of Nasdaq stock opened at $89.57 on Friday. The firm has a market cap of $51.39 billion, a price-to-earnings ratio of 34.45, a price-to-earnings-growth ratio of 1.96 and a beta of 1.02. The stock's 50-day moving average is $93.76 and its 200-day moving average is $84.56. Nasdaq, Inc. has a one year low of $64.84 and a one year high of $97.63. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.07. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%.The company's quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 earnings per share. Equities analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, September 12th. Nasdaq's payout ratio is 41.54%.

Analyst Ratings Changes

A number of research analysts have commented on NDAQ shares. Piper Sandler increased their price objective on Nasdaq from $97.00 to $104.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Morgan Stanley increased their price objective on Nasdaq from $75.00 to $86.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Keefe, Bruyette & Woods increased their price objective on Nasdaq from $103.00 to $104.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Citigroup reiterated a "neutral" rating on shares of Nasdaq in a research report on Wednesday, July 9th. Finally, Oppenheimer restated an "outperform" rating and issued a $101.00 price target (up from $96.00) on shares of Nasdaq in a research report on Tuesday, July 15th. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $97.06.

Insider Activity

In other news, EVP Bradley J. Peterson sold 11,508 shares of the business'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 sale, the executive vice president directly owned 111,035 shares in the company, valued at $9,867,680.45. The trade was a 9.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jeremy Skule sold 2,105 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $95.49, for a total value of $201,006.45. Following the completion of the sale, the executive vice president owned 92,551 shares in the company, valued at approximately $8,837,694.99. This trade represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,409 shares of company stock worth $2,223,599 over the last three months. Corporate insiders own 0.70% of the company's stock.

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.

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