Mercer Global Advisors Inc. ADV lowered its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,955 shares of the financial services provider's stock after selling 4,251 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Nasdaq were worth $3,012,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Nasdaq by 0.7% during 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 purchasing an additional 376,893 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Nasdaq by 2.4% in the fourth 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 in the last quarter. Franklin Resources Inc. lifted its stake in Nasdaq by 13.4% in the fourth quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider's stock worth $802,401,000 after acquiring an additional 1,225,672 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Nasdaq by 5.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 6,954,334 shares of the financial services provider's stock worth $537,640,000 after acquiring an additional 335,565 shares in the last quarter. Finally, Norges Bank purchased a new position in Nasdaq during the 4th quarter valued at about $424,285,000. Institutional investors own 72.47% of the company's stock.
Nasdaq Stock Performance
NDAQ traded up $0.20 during midday trading on Friday, hitting $79.20. 3,913,939 shares of the company were exchanged, compared to its average volume of 2,828,111. The firm has a market capitalization of $45.47 billion, a price-to-earnings ratio of 41.25, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00. The company's 50 day simple moving average is $74.36 and its 200 day simple moving average is $77.73. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a 1-year low of $58.28 and a 1-year high of $84.15.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the firm posted $0.63 EPS. The business's quarterly revenue was up 10.7% compared to the same quarter last year. As a group, sell-side analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.
Nasdaq Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders 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 boost from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.36%. Nasdaq's dividend payout ratio (DPR) is 49.09%.
Analyst Upgrades and Downgrades
NDAQ has been the subject of several research reports. Oppenheimer lowered their price target on shares of 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 note on Friday, April 25th. Piper Sandler lifted their target price on Nasdaq from $80.00 to $83.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods increased their price target on shares of Nasdaq from $87.00 to $88.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.50.
View Our Latest Research Report on Nasdaq
Insider Buying and Selling
In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the transaction, the executive vice president now owns 59,694 shares of the company's stock, valued at $4,398,253.92. This represents a 20.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of Nasdaq stock in a transaction that occurred 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 directly owns 61,980 shares in the company, valued at $4,450,783.80. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.
About Nasdaq
(
Free Report)
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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