Robeco Institutional Asset Management B.V. Buys 21,801 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Robeco Institutional Asset Management B.V. lifted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 3.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 641,201 shares of the financial services provider's stock after acquiring an additional 21,801 shares during the period. Robeco Institutional Asset Management B.V. owned 0.11% of Nasdaq worth $48,642,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NDAQ. Grove Bank & Trust increased its stake in Nasdaq by 194.6% in the first 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 in the last quarter. Rakuten Securities Inc. bought a new stake in Nasdaq in the 4th quarter valued at about $26,000. Highline Wealth Partners LLC increased its position in Nasdaq by 1,509.5% in the 1st quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock valued at $26,000 after buying an additional 317 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in Nasdaq during the 1st quarter worth approximately $26,000. Finally, Kapitalo Investimentos Ltda bought a new position in Nasdaq in the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 72.47% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on NDAQ shares. Oppenheimer set a $96.00 price objective on Nasdaq and gave the company an "outperform" rating in a report on Tuesday, June 17th. Citigroup decreased their price target on shares of Nasdaq from $84.00 to $75.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Wall Street Zen raised shares of Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. UBS Group reiterated a "cautious" rating on shares of Nasdaq in a report on Monday, April 28th. Finally, Barclays decreased their target price on shares of Nasdaq from $86.00 to $84.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $87.19.

Insider Activity

In related news, insider Pc Nelson Griggs sold 8,000 shares of the business'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 now directly owns 211,405 shares in the company, valued at approximately $17,552,957.15. The trade was a 3.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of Nasdaq stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the completion of the transaction, the executive vice president now owns 61,980 shares of the company's stock, valued at $4,450,783.80. The trade was a 1.05% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.70% of the company's stock.

Nasdaq Stock Performance

NDAQ stock traded up $0.69 during midday trading on Friday, hitting $89.08. The company's stock had a trading volume of 5,368,029 shares, compared to its average volume of 3,039,935. The stock has a market cap of $51.14 billion, a price-to-earnings ratio of 40.49, a PEG ratio of 2.27 and a beta of 1.00. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.77. The stock's 50-day moving average price is $81.54 and its 200 day moving average price is $78.96. Nasdaq, Inc. has a 1 year low of $59.46 and a 1 year high of $89.46.

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

Nasdaq Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.21%. This is a boost from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, June 13th. Nasdaq's payout ratio is presently 49.09%.

About Nasdaq

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.