Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 7.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 96,686 shares of the financial services provider's stock after acquiring 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 reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Grove Bank & Trust grew its holdings in shares of Nasdaq by 194.6% during the first quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock worth $25,000 after buying an additional 216 shares in the last quarter. Highline Wealth Partners LLC lifted its position in Nasdaq by 1,509.5% in the first quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock valued at $26,000 after buying an additional 317 shares during the last quarter. Rakuten Securities Inc. acquired a new position in Nasdaq in the fourth quarter valued at about $26,000. Opal Wealth Advisors LLC acquired a new position in Nasdaq in the first quarter valued at about $26,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Nasdaq during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 72.47% of the company's stock.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ traded up $0.97 during trading on Wednesday, reaching $89.56. The company had a trading volume of 1,176,967 shares, compared to its average volume of 3,064,178. The company has a fifty day moving average of $84.05 and a two-hundred day moving average of $79.51. The stock has a market capitalization of $51.42 billion, a P/E ratio of 40.71, a price-to-earnings-growth ratio of 2.33 and a beta of 1.01. Nasdaq, Inc. has a 12 month low of $60.46 and a 12 month high of $90.82. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.77.

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 for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Nasdaq had a net margin of 16.36% and a return on equity of 15.38%. The company's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 EPS. Equities research analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, June 13th. This is an increase from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.21%. Nasdaq's dividend payout ratio (DPR) is currently 49.09%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $89.17, for a total value of $187,702.85. Following the completion of the transaction, the executive vice president owned 94,656 shares of the company's stock, valued at approximately $8,440,475.52. The trade was a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bradley J. Peterson sold 11,508 shares of Nasdaq stock in a transaction dated Wednesday, July 2nd. The shares were 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 trade represents a 9.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,613 shares of company stock worth $1,874,659 over the last three months. Corporate insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price target on shares of Nasdaq from $85.00 to $97.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Raymond James Financial reiterated an "outperform" rating and issued a $96.00 price target (up from $84.00) on shares of Nasdaq in a research note on Wednesday. Bank of America raised their target price on shares of Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. Wall Street Zen raised Nasdaq from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Finally, Piper Sandler raised their price objective on shares of Nasdaq from $80.00 to $83.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.81.

Nasdaq 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.