Nasdaq, Inc. (NASDAQ:NDAQ) Stock Holdings Raised by Public Sector Pension Investment Board

Public Sector Pension Investment Board raised its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 3.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 110,681 shares of the financial services provider's stock after purchasing an additional 3,304 shares during the period. Public Sector Pension Investment Board's holdings in Nasdaq were worth $8,396,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Grove Bank & Trust boosted its stake in Nasdaq by 194.6% during the 1st quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 216 shares during the period. Opal Wealth Advisors LLC acquired a new position in Nasdaq during the 1st quarter valued at about $26,000. Highline Wealth Partners LLC boosted its stake in Nasdaq by 1,509.5% during the 1st quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 317 shares during the period. First Command Advisory Services Inc. acquired a new position in Nasdaq during the 1st quarter valued at about $30,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Nasdaq during the 4th quarter valued at about $37,000. Institutional investors own 72.47% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Oppenheimer reissued an "outperform" rating and set a $101.00 target price (up from $96.00) on shares of Nasdaq in a research note on Tuesday, July 15th. Wall Street Zen raised shares of Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Royal Bank Of Canada boosted their target price on shares of Nasdaq from $95.00 to $108.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Morgan Stanley upped their price target on shares of Nasdaq from $75.00 to $86.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. Finally, Piper Sandler upped their price target on shares of Nasdaq from $97.00 to $104.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $97.06.

Nasdaq Stock Down 0.2%

NDAQ stock opened at $95.40 on Friday. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $97.63. The firm has a market cap of $54.74 billion, a PE ratio of 36.69, a P/E/G ratio of 2.10 and a beta of 1.00. The firm has a 50 day simple moving average of $90.64 and a 200 day simple moving average of $82.28. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.78 by $0.07. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the business earned $0.69 earnings per share. The business's quarterly revenue was up 12.7% on a year-over-year basis. Equities research analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, September 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.1%. Nasdaq's payout ratio is currently 41.54%.

Insider Activity

In other news, EVP Jeremy Skule sold 2,105 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $95.49, for a total transaction of $201,006.45. Following the sale, the executive vice president owned 92,551 shares in the company, valued at $8,837,694.99. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bradley J. Peterson sold 11,508 shares of the business's stock in a transaction that occurred on 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 sale, the executive vice president owned 111,035 shares in the company, valued at $9,867,680.45. This represents a 9.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,409 shares of company stock worth $2,887,839 over the last three months. 0.70% of the stock is owned by insiders.

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.

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