Penserra Capital Management LLC Increases Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Penserra Capital Management LLC boosted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 304.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,084 shares of the financial services provider's stock after purchasing an additional 9,094 shares during the quarter. Penserra Capital Management LLC's holdings in Nasdaq were worth $915,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of NDAQ. Norges Bank bought a new stake in Nasdaq during the 4th quarter valued at $424,285,000. Ameriprise Financial Inc. boosted its position in Nasdaq by 37.9% during the 4th quarter. Ameriprise Financial Inc. now owns 6,005,047 shares of the financial services provider's stock valued at $464,676,000 after acquiring an additional 1,650,201 shares in the last quarter. Franklin Resources Inc. boosted its position in Nasdaq by 13.4% during the 4th quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider's stock valued at $802,401,000 after acquiring an additional 1,225,672 shares in the last quarter. Invesco Ltd. boosted its position in Nasdaq by 40.3% during the 4th quarter. Invesco Ltd. now owns 3,902,214 shares of the financial services provider's stock valued at $301,680,000 after acquiring an additional 1,120,538 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Nasdaq by 7,367.6% during the 1st quarter. GAMMA Investing LLC now owns 1,129,328 shares of the financial services provider's stock valued at $85,671,000 after acquiring an additional 1,114,205 shares in the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NDAQ shares. Citigroup reaffirmed a "neutral" rating on shares of Nasdaq in a research report on Wednesday. Bank of America raised their price objective on 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 research report on Friday, April 18th. The Goldman Sachs Group raised their price objective on Nasdaq from $85.00 to $97.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Barclays raised their price objective on Nasdaq from $84.00 to $101.00 and gave the stock an "overweight" rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $90.69.

Insider Buying and Selling

In related news, EVP Bradley J. Peterson sold 11,508 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the sale, the executive vice president directly owned 111,035 shares of the company's stock, valued at $9,867,680.45. This trade represents a 9.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Pc Nelson Griggs sold 8,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total value of $664,240.00. Following the sale, the insider directly owned 211,405 shares in the company, valued at approximately $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 21,613 shares of company stock valued at $1,874,659 over the last ninety days. Company insiders own 0.70% of the company's stock.

Nasdaq Stock Performance

NDAQ stock traded down $1.32 during midday trading on Friday, reaching $89.41. The stock had a trading volume of 2,433,101 shares, compared to its average volume of 3,083,024. The stock has a market cap of $51.33 billion, a PE ratio of 40.64, a P/E/G ratio of 2.20 and a beta of 1.01. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a fifty day simple moving average of $84.84 and a two-hundred day simple moving average of $79.75. Nasdaq, Inc. has a 52-week low of $62.21 and a 52-week high of $90.84.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. The business had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.22 billion. Nasdaq had a return on equity of 15.38% and a net margin of 16.36%. The company's revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 EPS. As a group, equities research analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.21%. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date was Friday, June 13th. Nasdaq's dividend payout ratio (DPR) is 49.09%.

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.