Victrix Investment Advisors Makes New $220,000 Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

Victrix Investment Advisors acquired a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,900 shares of the financial services provider's stock, valued at approximately $220,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of NDAQ. Vanguard Group Inc. increased its holdings in shares of Nasdaq by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 52,576,413 shares of the financial services provider's stock valued at $4,064,682,000 after acquiring an additional 376,893 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Nasdaq by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 11,018,705 shares of the financial services provider's stock valued at $849,783,000 after acquiring an additional 257,465 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Nasdaq by 13.4% in 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 during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Nasdaq by 5.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 6,954,334 shares of the financial services provider's stock valued at $537,640,000 after acquiring an additional 335,565 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Nasdaq by 37.9% in 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 during the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Trading Up 0.4%

Shares of NDAQ stock opened at $88.39 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.98 and a current ratio of 0.98. Nasdaq, Inc. has a 1 year low of $59.46 and a 1 year high of $88.80. The stock has a fifty day moving average of $81.54 and a two-hundred day moving average of $78.96. The firm has a market capitalization of $50.75 billion, a PE ratio of 40.18, a price-to-earnings-growth ratio of 2.27 and a beta of 1.00.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced 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 return on equity of 15.38% and a net margin of 16.36%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the firm posted $0.63 EPS. The firm's quarterly revenue was up 10.7% on a year-over-year basis. As a group, research 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. This represents a $1.08 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Friday, June 13th. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's payout ratio is 49.09%.

Analyst Upgrades and Downgrades

NDAQ has been the subject of a number of research analyst reports. Bank of America boosted their price target on Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. Citigroup lowered their price target on Nasdaq from $84.00 to $75.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Morgan Stanley downgraded Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price target for the company. in a report on Tuesday, April 8th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $95.00 price target on shares of Nasdaq in a report on Thursday, April 10th. Finally, Barclays lowered their price objective on Nasdaq from $86.00 to $84.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. One 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's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $87.19.

Insiders Place Their Bets

In other news, 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 value of $664,240.00. Following the completion of the sale, the insider now owns 211,405 shares in the company, valued at $17,552,957.15. This represents a 3.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Bryan Everard Smith sold 657 shares of the company's stock in a transaction on Friday, April 4th. The shares were 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 approximately $4,450,783.80. This trade represents 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.

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.

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