Y Intercept Hong Kong Ltd Makes New $1.23 Million Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

Y Intercept Hong Kong Ltd bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 16,161 shares of the financial services provider's stock, valued at approximately $1,226,000.

Several other large investors have also made changes to their positions in NDAQ. Massachusetts Financial Services Co. MA increased its holdings in shares of Nasdaq by 5.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,433,885 shares of the financial services provider's stock valued at $1,550,115,000 after purchasing an additional 993,553 shares in the last quarter. Geode Capital Management LLC boosted its position in Nasdaq by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 11,018,705 shares of the financial services provider's stock worth $849,783,000 after acquiring an additional 257,465 shares during the last quarter. Franklin Resources Inc. lifted its position in Nasdaq by 13.4% during the fourth quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider's stock worth $802,401,000 after buying an additional 1,225,672 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Nasdaq by 5.1% in the fourth 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 purchasing an additional 335,565 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in 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 purchasing an additional 1,650,201 shares during the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Nasdaq Stock Up 1.4%

Nasdaq stock traded up $1.34 during midday trading on Friday, hitting $94.84. 5,276,392 shares of the stock were exchanged, compared to its average volume of 3,258,497. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.98. The company has a 50 day moving average price of $86.87 and a two-hundred day moving average price of $80.60. The firm has a market cap of $54.45 billion, a P/E ratio of 36.48, a P/E/G ratio of 2.25 and a beta of 1.01. Nasdaq, Inc. has a 1 year low of $64.33 and a 1 year high of $95.49.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.07. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company earned $0.69 earnings per share. The business's quarterly revenue was up 12.7% compared to the same quarter last year. On average, sell-side analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.14%. The ex-dividend date is Friday, September 12th. Nasdaq's payout ratio is currently 49.09%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Morgan Stanley increased their price target on Nasdaq from $75.00 to $86.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Bank of America raised their price objective on shares of Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft raised their price target on Nasdaq from $97.00 to $105.00 and gave the stock a "buy" rating in a report on Friday. Keefe, Bruyette & Woods lifted their price objective on Nasdaq from $103.00 to $104.00 and gave the company an "outperform" rating in a report on Friday. Finally, Piper Sandler reissued an "overweight" rating and issued a $97.00 price target (up from $83.00) on shares of Nasdaq in a report on Tuesday, July 15th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $96.63.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bradley J. Peterson sold 11,508 shares of Nasdaq stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $88.87, for a total value of $1,022,715.96. Following the completion of the transaction, the executive vice president directly owned 111,035 shares in the company, valued at $9,867,680.45. The trade was a 9.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jeremy Skule sold 2,105 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $89.17, for a total value of $187,702.85. Following the transaction, the executive vice president owned 94,656 shares of the company's stock, valued at approximately $8,440,475.52. The trade was a 2.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,613 shares of company stock worth $1,874,659 over the last 90 days. Insiders own 0.70% of the company's stock.

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.