Pacer Advisors Inc. Has $3.15 Million Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Pacer Advisors Inc. lessened its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 23.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,506 shares of the financial services provider's stock after selling 12,427 shares during the period. Pacer Advisors Inc.'s holdings in Nasdaq were worth $3,149,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Assetmark Inc. boosted its stake in shares of Nasdaq by 11.6% in the first quarter. Assetmark Inc. now owns 105,831 shares of the financial services provider's stock valued at $8,028,000 after buying an additional 10,984 shares during the period. Cetera Investment Advisers boosted its stake in shares of Nasdaq by 32.2% in the first quarter. Cetera Investment Advisers now owns 35,991 shares of the financial services provider's stock valued at $2,730,000 after buying an additional 8,770 shares during the period. Avantax Advisory Services Inc. boosted its stake in shares of Nasdaq by 5.1% in the first quarter. Avantax Advisory Services Inc. now owns 115,145 shares of the financial services provider's stock valued at $8,735,000 after buying an additional 5,599 shares during the period. Wakefield Asset Management LLLP bought a new stake in shares of Nasdaq in the first quarter valued at approximately $273,000. Finally, Wedbush Securities Inc. boosted its stake in shares of Nasdaq by 14.6% in the first quarter. Wedbush Securities Inc. now owns 4,199 shares of the financial services provider's stock valued at $319,000 after buying an additional 534 shares during the period. Institutional investors own 72.47% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NDAQ shares. Piper Sandler reiterated an "overweight" rating and issued a $97.00 price target (up from $83.00) on shares of Nasdaq in a research note on Tuesday, July 15th. UBS Group upgraded Nasdaq from a "neutral" rating to a "buy" rating and boosted their price target for the company from $95.00 to $115.00 in a research note on Friday. Deutsche Bank Aktiengesellschaft boosted their price target on Nasdaq from $97.00 to $105.00 and gave the company a "buy" rating in a research note on Friday. Bank of America boosted their price target on Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Finally, Wall Street Zen upgraded Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $96.63.

Insider Activity at Nasdaq

In other news, EVP Jeremy Skule sold 2,105 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $89.17, for a total transaction of $187,702.85. Following the completion of the transaction, the executive vice president directly owned 94,656 shares in the company, valued at approximately $8,440,475.52. This represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Pc Nelson Griggs sold 8,000 shares of the company'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 transaction, the insider owned 211,405 shares of the company's stock, valued at $17,552,957.15. This trade represents a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,304 shares of company stock valued at $2,686,833 over the last three months. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ traded up $0.69 during trading on Tuesday, hitting $95.83. 3,516,786 shares of the company were exchanged, compared to its average volume of 3,323,551. The business's 50 day moving average is $87.42 and its 200-day moving average is $80.87. The company has a market capitalization of $54.99 billion, a P/E ratio of 36.86, a price-to-earnings-growth ratio of 2.11 and a beta of 1.01. The company has a quick ratio of 0.98, a current ratio of 0.96 and a debt-to-equity ratio of 0.73. Nasdaq, Inc. has a 1-year low of $64.33 and a 1-year high of $95.89.

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

Nasdaq Announces Dividend

The business 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 of this dividend is Friday, September 12th. This represents a $1.08 annualized dividend and a dividend yield of 1.13%. Nasdaq's dividend payout ratio (DPR) is presently 41.54%.

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.