10,534 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Bought by Legato Capital Management LLC

Legato Capital Management LLC bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,534 shares of the financial services provider's stock, valued at approximately $799,000.

Several other large investors also recently added to or reduced their stakes in NDAQ. Norges Bank bought a new stake in Nasdaq during the fourth quarter worth approximately $424,285,000. Ameriprise Financial Inc. increased its stake in Nasdaq by 37.9% during the fourth quarter. Ameriprise Financial Inc. now owns 6,005,047 shares of the financial services provider's stock worth $464,676,000 after acquiring an additional 1,650,201 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Nasdaq by 13.4% during the fourth quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider's stock valued at $802,401,000 after buying an additional 1,225,672 shares during the last quarter. Invesco Ltd. grew its stake in shares of Nasdaq by 40.3% during the fourth quarter. Invesco Ltd. now owns 3,902,214 shares of the financial services provider's stock valued at $301,680,000 after buying an additional 1,120,538 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Nasdaq by 7,367.6% during the first quarter. GAMMA Investing LLC now owns 1,129,328 shares of the financial services provider's stock valued at $85,671,000 after buying an additional 1,114,205 shares during the last quarter. 72.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on NDAQ shares. Redburn Atlantic raised Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 target price on the stock in a research note on Thursday, April 17th. 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 note on Wednesday, April 2nd. Royal Bank Of Canada upped their target price on Nasdaq from $95.00 to $108.00 and gave the company an "outperform" rating in a research note on Friday. Piper Sandler reaffirmed an "overweight" rating and set a $97.00 target price (up previously from $83.00) on shares of Nasdaq in a research note on Tuesday, July 15th. Finally, Wall Street Zen raised Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $96.63.

Nasdaq Stock Up 1.4%

Nasdaq stock traded up $1.34 during mid-day trading on Friday, reaching $94.84. 5,276,392 shares of the company were exchanged, compared to its average volume of 3,258,497. The business has a fifty day moving average of $86.87 and a 200 day moving average of $80.60. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 0.96. The firm has a market cap of $54.45 billion, a P/E ratio of 36.48, a PEG ratio of 2.25 and a beta of 1.01. Nasdaq, Inc. has a 12-month low of $64.33 and a 12-month high of $95.49.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.07. The company had revenue of $1.31 billion during 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%. Nasdaq's revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.69 earnings per share. Research analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, September 12th. This represents a $1.08 annualized dividend and a dividend yield of 1.14%. Nasdaq's dividend payout ratio is presently 49.09%.

Insider Activity

In other news, EVP Bradley J. Peterson sold 11,508 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the completion of the sale, the executive vice president owned 111,035 shares in the company, valued at approximately $9,867,680.45. This represents a 9.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Pc Nelson Griggs sold 8,000 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total value of $664,240.00. Following the sale, the insider owned 211,405 shares of the company's stock, valued at approximately $17,552,957.15. This represents a 3.65% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,613 shares of company stock worth $1,874,659. 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.