Stanley Laman Group Ltd. Increases Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Stanley Laman Group Ltd. raised its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 64.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,478 shares of the financial services provider's stock after acquiring an additional 3,327 shares during the quarter. Stanley Laman Group Ltd.'s holdings in Nasdaq were worth $643,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in NDAQ. Rakuten Securities Inc. acquired a new stake in shares of Nasdaq in the 4th quarter valued at about $26,000. Kestra Investment Management LLC acquired a new stake in shares of Nasdaq in the 4th quarter valued at about $33,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Nasdaq in the 4th quarter valued at about $37,000. TCTC Holdings LLC acquired a new stake in shares of Nasdaq in the 4th quarter valued at about $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 owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of a number of recent research reports. Oppenheimer decreased their price objective on Nasdaq from $89.00 to $85.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Barclays decreased their price objective on Nasdaq from $86.00 to $84.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Redburn Atlantic raised Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price objective for the company in a research report on Thursday, April 17th. UBS Group reaffirmed a "cautious" rating on shares of Nasdaq in a research report on Monday, April 28th. Finally, Piper Sandler increased their price objective on Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Nasdaq has an average rating of "Moderate Buy" and a consensus target price of $86.50.

Nasdaq Price Performance

NDAQ stock traded down $1.31 during midday trading on Friday, hitting $85.59. 3,149,225 shares of the stock were exchanged, compared to its average volume of 2,978,758. The stock's 50-day moving average price is $78.72 and its 200-day moving average price is $78.60. The stock has a market cap of $49.14 billion, a price-to-earnings ratio of 44.58, a PEG ratio of 2.12 and a beta of 1.00. Nasdaq, Inc. has a fifty-two week low of $58.28 and a fifty-two week high of $87.50. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99.

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, topping the consensus estimate of $0.77 by $0.02. The firm had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.22 billion. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Nasdaq's revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 earnings per share. Research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.27 per share. This is an increase from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date is Friday, June 13th. This represents a $1.08 annualized dividend and a yield of 1.26%. Nasdaq's dividend payout ratio (DPR) is presently 49.09%.

Insiders Place Their Bets

In other news, EVP Bryan Everard Smith sold 657 shares of Nasdaq stock in a transaction on Friday, April 4th. The stock was sold at an average price of $71.81, for a total value of $47,179.17. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Pc Nelson Griggs sold 8,000 shares of Nasdaq stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total value of $664,240.00. Following the completion of the sale, the insider now directly owns 211,405 shares of the company's stock, valued at approximately $17,552,957.15. This represents a 3.65% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,616 shares of company stock valued at $1,813,598. Corporate insiders own 0.70% of the company's stock.

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.