Neuberger Berman Group LLC lessened its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 5.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 743,707 shares of the financial services provider's stock after selling 41,684 shares during the quarter. Neuberger Berman Group LLC owned about 0.13% of Nasdaq worth $56,418,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in NDAQ. Grove Bank & Trust increased its holdings in shares of Nasdaq by 194.6% in the first quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock worth $25,000 after acquiring an additional 216 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Nasdaq in the first quarter worth about $26,000. Highline Wealth Partners LLC increased its holdings in shares of Nasdaq by 1,509.5% in the first quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock worth $26,000 after acquiring an additional 317 shares in the last quarter. First Command Advisory Services Inc. bought a new stake in shares of Nasdaq in the first quarter worth about $30,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Nasdaq in the fourth quarter worth about $37,000. Institutional investors own 72.47% of the company's stock.
Analysts Set New Price Targets
NDAQ has been the subject of several recent analyst reports. Piper Sandler increased their price target on Nasdaq from $97.00 to $104.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Royal Bank Of Canada upped their price objective on Nasdaq from $95.00 to $108.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Keefe, Bruyette & Woods upped their price objective on Nasdaq from $103.00 to $104.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Oppenheimer reaffirmed an "outperform" rating and set a $101.00 price objective (up from $96.00) on shares of Nasdaq in a research report on Tuesday, July 15th. Finally, Barclays upped their price objective on Nasdaq from $101.00 to $109.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $97.06.
Read Our Latest Stock Analysis on NDAQ
Insider Buying and Selling
In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $95.49, for a total transaction of $201,006.45. Following the transaction, the executive vice president owned 92,551 shares in the company, valued at $8,837,694.99. This trade represents a 2.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Pc Nelson Griggs sold 8,000 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total value of $664,240.00. Following the transaction, the insider owned 211,405 shares in the company, valued at approximately $17,552,957.15. This trade represents a 3.65% 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 in the last quarter. Insiders own 0.70% of the company's stock.
Nasdaq Stock Performance
Shares of NDAQ traded down $0.72 during mid-day trading on Friday, reaching $94.68. The company's stock had a trading volume of 2,898,865 shares, compared to its average volume of 3,729,536. The stock has a market cap of $54.33 billion, a P/E ratio of 36.42, a PEG ratio of 2.08 and a beta of 1.00. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73. Nasdaq, Inc. has a 1-year low of $64.84 and a 1-year high of $97.63. The business has a 50-day simple moving average of $90.82 and a two-hundred day simple moving average of $82.38.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.07. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%. The firm's quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 earnings per share. As a group, equities research analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.
Nasdaq Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, September 12th. Nasdaq's dividend payout ratio (DPR) is 41.54%.
Nasdaq Profile
(
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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