Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by NBC Securities Inc.

NBC Securities Inc. grew its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 101,200.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,130 shares of the financial services provider's stock after purchasing an additional 10,120 shares during the period. NBC Securities Inc.'s holdings in Nasdaq were worth $768,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Rakuten Securities Inc. acquired a new stake in shares of Nasdaq in the fourth quarter valued at approximately $26,000. Kestra Investment Management LLC acquired a new stake in Nasdaq in the fourth quarter valued at $33,000. Kapitalo Investimentos Ltda acquired a new stake in Nasdaq in the fourth quarter valued at $37,000. TCTC Holdings LLC bought a new position in shares of Nasdaq during the 4th quarter worth approximately $41,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Nasdaq in the 4th quarter valued at about $43,000. 72.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, 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 sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction on Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the sale, the executive vice president now directly owns 59,694 shares in the company, valued at $4,398,253.92. This represents a 20.04% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,616 shares of company stock valued at $1,813,598. Company insiders own 0.70% of the company's stock.

Nasdaq Trading Up 0.2%

NDAQ stock traded up $0.13 during trading on Thursday, hitting $84.00. The company had a trading volume of 3,385,564 shares, compared to its average volume of 2,942,287. The firm has a market capitalization of $48.23 billion, a P/E ratio of 43.75, a PEG ratio of 2.12 and a beta of 1.00. Nasdaq, Inc. has a 52-week low of $58.28 and a 52-week high of $84.45. The company has a 50 day simple moving average of $76.84 and a 200-day simple moving average of $78.39. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81.

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 the consensus estimate of $0.77 by $0.02. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Nasdaq's revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.63 EPS. As a group, research 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 will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $0.27 dividend. The ex-dividend date is Friday, June 13th. 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 1.29%. Nasdaq's dividend payout ratio (DPR) is 49.09%.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of several analyst reports. Wall Street Zen upgraded shares of Nasdaq from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Oppenheimer decreased their price target on Nasdaq from $89.00 to $85.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. UBS Group restated a "cautious" rating on shares of Nasdaq in a research report on Monday, April 28th. Piper Sandler boosted their price target on shares of Nasdaq from $80.00 to $83.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Finally, Redburn Atlantic raised shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price target on the stock in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $86.50.

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.