Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 15.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,718,469 shares of the financial services provider's stock after buying an additional 495,036 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.65% of Nasdaq worth $287,475,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NDAQ. Barclays PLC increased its holdings in shares of Nasdaq by 48.9% in the 3rd quarter. Barclays PLC now owns 1,524,795 shares of the financial services provider's stock worth $111,325,000 after buying an additional 500,418 shares during the last quarter. Park Avenue Securities LLC lifted its position in Nasdaq by 12.5% in the fourth quarter. Park Avenue Securities LLC now owns 7,056 shares of the financial services provider's stock worth $546,000 after buying an additional 783 shares during the last quarter. UMB Bank n.a. lifted its position in Nasdaq by 55.5% in the fourth quarter. UMB Bank n.a. now owns 958 shares of the financial services provider's stock worth $74,000 after buying an additional 342 shares during the last quarter. Harbor Investment Advisory LLC lifted its position in Nasdaq by 34.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 8,928 shares of the financial services provider's stock worth $690,000 after buying an additional 2,300 shares during the last quarter. Finally, Ballentine Partners LLC lifted its position in Nasdaq by 6.5% in the fourth quarter. Ballentine Partners LLC now owns 13,475 shares of the financial services provider's stock worth $1,042,000 after buying an additional 827 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NDAQ. Citigroup lowered their price target on Nasdaq from $84.00 to $75.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Wall Street Zen raised Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Oppenheimer cut their target price on Nasdaq from $89.00 to $85.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $95.00 target price on shares of Nasdaq in a research note on Thursday, April 10th. Finally, Keefe, Bruyette & Woods increased their price target on Nasdaq from $87.00 to $88.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $86.50.

Insiders Place Their Bets

In other news, EVP Sarah Youngwood sold 14,959 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the sale, the executive vice president now owns 59,694 shares of the company's stock, valued at $4,398,253.92. This trade represents a 20.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Bryan Everard Smith sold 657 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the sale, the executive vice president now directly owns 61,980 shares in the company, 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. 0.70% of the stock is currently owned by insiders.

Nasdaq Stock Up 0.7%

Nasdaq stock traded up $0.57 during midday trading on Friday, reaching $81.78. The company's stock had a trading volume of 3,859,935 shares, compared to its average volume of 2,935,811. The stock's 50-day simple moving average is $75.78 and its 200-day simple moving average is $78.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. Nasdaq, Inc. has a 52-week low of $58.28 and a 52-week high of $84.15. The stock has a market capitalization of $46.95 billion, a P/E ratio of 42.59, a PEG ratio of 2.12 and a beta of 1.00.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the firm posted $0.63 EPS. Nasdaq's revenue for the quarter was up 10.7% compared to the same quarter last year. On average, sell-side analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Increases Dividend

The firm 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. The ex-dividend date is Friday, June 13th. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a yield of 1.32%. Nasdaq's dividend payout ratio (DPR) is currently 49.09%.

Nasdaq Company 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.