Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by Rhumbline Advisers

Rhumbline Advisers increased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 11.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 943,283 shares of the financial services provider's stock after purchasing an additional 100,604 shares during the quarter. Rhumbline Advisers owned 0.16% of Nasdaq worth $71,557,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NDAQ. Rakuten Securities Inc. acquired a new position in Nasdaq in the 4th quarter worth about $26,000. Kestra Investment Management LLC acquired a new position in Nasdaq in the 4th quarter worth about $33,000. Kapitalo Investimentos Ltda acquired a new position in Nasdaq in the 4th quarter worth about $37,000. TCTC Holdings LLC acquired a new position in Nasdaq in the 4th quarter worth about $41,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Nasdaq in the 4th quarter worth about $43,000. Institutional investors and hedge funds own 72.47% of the company's stock.

Analyst Ratings Changes

NDAQ has been the subject of a number of analyst reports. Oppenheimer reduced their price target on Nasdaq from $89.00 to $85.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Barclays reduced their target price on Nasdaq from $86.00 to $84.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Bank of America increased their target price on Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. Redburn Atlantic raised Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 target price for the company in a report on Thursday, April 17th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $95.00 target price on shares of Nasdaq in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.50.

Insider Buying and Selling

In other news, EVP Sarah Youngwood sold 14,959 shares of the firm's stock in a transaction on Monday, March 17th. The stock was 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 directly owns 59,694 shares in the company, valued at $4,398,253.92. This trade represents a 20.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Bryan Everard Smith sold 657 shares of Nasdaq stock in a transaction on Friday, April 4th. The shares were 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 approximately $4,450,783.80. This trade represents a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,616 shares of company stock worth $1,813,598. Company insiders own 0.70% of the company's stock.

Nasdaq Trading Up 0.1%

Nasdaq stock traded up $0.06 during mid-day trading on Wednesday, hitting $83.87. The company's stock had a trading volume of 2,784,373 shares, compared to its average volume of 2,938,744. The firm has a market capitalization of $48.15 billion, a PE ratio of 43.68, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00. Nasdaq, Inc. has a 1 year low of $58.28 and a 1 year high of $84.45. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The stock's fifty day moving average is $76.66 and its two-hundred day moving average is $78.35.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.63 earnings per share. On average, analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.29%. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date is Friday, June 13th. Nasdaq's dividend payout ratio is presently 49.09%.

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.