Nasdaq, Inc. (NASDAQ:NDAQ) Holdings Lifted by IFM Investors Pty Ltd

IFM Investors Pty Ltd raised its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 7.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,686 shares of the financial services provider's stock after purchasing an additional 7,091 shares during the quarter. IFM Investors Pty Ltd's holdings in Nasdaq were worth $7,059,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of NDAQ. Steward Partners Investment Advisory LLC lifted its holdings in Nasdaq by 2.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 23,249 shares of the financial services provider's stock worth $1,797,000 after buying an additional 501 shares during the last quarter. Keybank National Association OH lifted its holdings in Nasdaq by 9.4% during the 4th quarter. Keybank National Association OH now owns 10,731 shares of the financial services provider's stock worth $830,000 after buying an additional 922 shares during the last quarter. Assetmark Inc. lifted its holdings in Nasdaq by 354.5% during the 4th quarter. Assetmark Inc. now owns 94,847 shares of the financial services provider's stock worth $7,333,000 after buying an additional 73,978 shares during the last quarter. Atria Investments Inc lifted its holdings in shares of Nasdaq by 3.2% in the 4th quarter. Atria Investments Inc now owns 32,682 shares of the financial services provider's stock worth $2,527,000 after purchasing an additional 1,017 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Nasdaq during the 4th quarter valued at approximately $8,791,000. Institutional investors and hedge funds own 72.47% of the company's stock.

Insider Transactions at Nasdaq

In other news, insider Pc Nelson Griggs sold 8,000 shares of the business's stock in a transaction 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 directly owned 211,405 shares of the company's stock, valued at $17,552,957.15. The trade was a 3.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jeremy Skule sold 2,105 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $89.17, for a total value of $187,702.85. Following the sale, the executive vice president directly owned 94,656 shares in the company, valued at $8,440,475.52. This trade represents a 2.18% decrease in their ownership of the stock. 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 three months. Company insiders own 0.70% of the company's stock.

Nasdaq Price Performance

Shares of NDAQ traded down $1.96 during midday trading on Tuesday, reaching $88.59. The stock had a trading volume of 3,245,481 shares, compared to its average volume of 3,070,672. Nasdaq, Inc. has a 52 week low of $60.46 and a 52 week high of $90.82. 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's 50 day moving average price is $84.05 and its 200-day moving average price is $79.51. The company has a market capitalization of $50.86 billion, a P/E ratio of 40.27, a P/E/G ratio of 2.33 and a beta of 1.01.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Nasdaq had a return on equity of 15.38% and a net margin of 16.36%. The company's quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 EPS. On average, analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a dividend of $0.27 per share. The ex-dividend date was Friday, June 13th. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.22%. Nasdaq's payout ratio is 49.09%.

Analyst Ratings Changes

A number of research firms recently issued reports on NDAQ. Royal Bank Of Canada restated an "outperform" rating and set a $95.00 price objective on shares of Nasdaq in a research report on Thursday, April 10th. Barclays reduced their price objective on Nasdaq from $86.00 to $84.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Redburn Atlantic upgraded Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price objective for the company in a research report on Thursday, April 17th. Wall Street Zen upgraded Nasdaq from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Finally, The Goldman Sachs Group boosted their price objective on Nasdaq from $85.00 to $97.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. One investment 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. Based on data from MarketBeat, Nasdaq presently has a consensus rating of "Moderate Buy" and an average target price of $88.06.

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.