IFM Investors Pty Ltd boosted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 7.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,686 shares of the financial services provider's stock after buying an additional 7,091 shares during the period. IFM Investors Pty Ltd's holdings in Nasdaq were worth $7,059,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Nasdaq by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 52,576,413 shares of the financial services provider's stock valued at $4,064,682,000 after acquiring an additional 376,893 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Nasdaq by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 11,018,705 shares of the financial services provider's stock valued at $849,783,000 after purchasing an additional 257,465 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Nasdaq by 13.4% during the 4th quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider's stock valued at $802,401,000 after purchasing an additional 1,225,672 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Nasdaq by 5.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 6,954,334 shares of the financial services provider's stock valued at $537,640,000 after purchasing an additional 335,565 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Nasdaq by 37.9% during the 4th quarter. Ameriprise Financial Inc. now owns 6,005,047 shares of the financial services provider's stock valued at $464,676,000 after purchasing an additional 1,650,201 shares in the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.
Nasdaq Stock Performance
Shares of NASDAQ:NDAQ traded up $0.41 during trading on Friday, hitting $89.93. The company's stock had a trading volume of 1,433,250 shares, compared to its average volume of 3,064,627. The company has a 50-day moving average of $83.49 and a 200-day moving average of $79.35. Nasdaq, Inc. has a 12 month low of $60.27 and a 12 month high of $90.35. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $51.63 billion, a price-to-earnings ratio of 40.88, a P/E/G ratio of 2.32 and a beta of 1.01.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings results 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. Nasdaq had a net margin of 16.36% and a return on equity of 15.38%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm earned $0.63 earnings per share. The company's quarterly revenue was up 10.7% on a year-over-year basis. On average, sell-side analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.
Nasdaq Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a $0.27 dividend. This is a boost from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Friday, June 13th. Nasdaq's dividend payout ratio (DPR) is currently 49.09%.
Wall Street Analyst Weigh In
NDAQ has been the subject of several recent analyst reports. Oppenheimer set a $96.00 price objective on Nasdaq and gave the stock an "outperform" rating in a report on Tuesday, June 17th. Keefe, Bruyette & Woods increased their target price on Nasdaq from $87.00 to $88.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Piper Sandler increased their price objective on Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Royal Bank Of Canada reissued an "outperform" rating and set a $95.00 price objective on shares of Nasdaq in a research report on Thursday, April 10th. Finally, Morgan Stanley cut shares of Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 target price for the company. in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, Nasdaq presently has a consensus rating of "Moderate Buy" and an average price target of $88.06.
Check Out Our Latest Stock Report on NDAQ
Insider Transactions at Nasdaq
In other news, EVP Jeremy Skule sold 2,105 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $89.17, for a total value of $187,702.85. Following the transaction, the executive vice president owned 94,656 shares of the company's stock, valued at $8,440,475.52. This trade represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Pc Nelson Griggs sold 8,000 shares of the firm'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 sale, the insider owned 211,405 shares in the company, valued at approximately $17,552,957.15. The trade was a 3.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,613 shares of company stock valued at $1,874,659 over the last quarter. 0.70% of the stock is currently owned by company insiders.
Nasdaq Company Profile
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Free Report)
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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