Mackenzie Financial Corp Has $14.99 Million Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Mackenzie Financial Corp boosted its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 439.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 193,878 shares of the financial services provider's stock after buying an additional 157,905 shares during the quarter. Mackenzie Financial Corp's holdings in Nasdaq were worth $14,989,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of NDAQ. Allworth Financial LP lifted its position in shares of Nasdaq by 12.3% in the fourth quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider's stock worth $104,000 after purchasing an additional 141 shares in the last quarter. Crestwood Advisors Group LLC boosted its stake in shares of Nasdaq by 4.1% during the 4th quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider's stock worth $295,000 after buying an additional 152 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC grew its holdings in shares of Nasdaq by 1.0% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,303 shares of the financial services provider's stock valued at $1,260,000 after acquiring an additional 157 shares in the last quarter. Gamco Investors INC. ET AL increased its position in shares of Nasdaq by 4.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 4,103 shares of the financial services provider's stock valued at $317,000 after acquiring an additional 164 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Nasdaq by 10.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,048 shares of the financial services provider's stock valued at $159,000 after acquiring an additional 192 shares during the last quarter. Institutional investors own 72.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NDAQ shares. Morgan Stanley cut Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price target for the company. in a research report on Tuesday, April 8th. Piper Sandler boosted their target price on shares of Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Keefe, Bruyette & Woods upped their price target on shares of Nasdaq from $87.00 to $88.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Wall Street Zen raised shares of Nasdaq from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Finally, Oppenheimer lowered their price objective on shares of Nasdaq from $89.00 to $85.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $86.50.

Insider Transactions at Nasdaq

In related news, EVP Bryan Everard Smith sold 657 shares of the business's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $71.81, for a total value of $47,179.17. Following the completion of the transaction, the executive vice president now owns 61,980 shares of the company's stock, valued at $4,450,783.80. The trade was a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Sarah Youngwood sold 14,959 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the transaction, the executive vice president now owns 59,694 shares of the company's stock, valued at $4,398,253.92. The trade was a 20.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,616 shares of company stock valued at $1,813,598. 0.70% of the stock is currently owned by company insiders.

Nasdaq Stock Performance

NDAQ traded down $0.08 during trading on Friday, hitting $83.30. The stock had a trading volume of 4,803,931 shares, compared to its average volume of 2,940,016. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The company has a 50 day moving average price of $76.38 and a 200-day moving average price of $78.28. Nasdaq, Inc. has a one year low of $58.28 and a one year high of $84.15. The firm has a market cap of $47.82 billion, a price-to-earnings ratio of 43.39, a P/E/G ratio of 2.12 and a beta of 1.00.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The company had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the previous year, the business posted $0.63 earnings per share. Nasdaq's quarterly revenue was up 10.7% on a year-over-year basis. As a group, research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, June 13th. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio is presently 49.09%.

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.