Voya Investment Management LLC Has $17.07 Million Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Voya Investment Management LLC lowered its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 27.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 220,855 shares of the financial services provider's stock after selling 81,858 shares during the period. Voya Investment Management LLC's holdings in Nasdaq were worth $17,074,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in Nasdaq in the 4th quarter worth $424,285,000. Union Bancaire Privee UBP SA bought a new stake in shares of Nasdaq in the fourth quarter valued at about $110,867,000. Raymond James Financial Inc. acquired a new position in shares of Nasdaq during the fourth quarter worth about $105,481,000. Franklin Resources Inc. grew its holdings in shares of 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. Finally, Invesco Ltd. raised its position in Nasdaq by 40.3% in the 4th quarter. Invesco Ltd. now owns 3,902,214 shares of the financial services provider's stock valued at $301,680,000 after buying an additional 1,120,538 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Piper Sandler raised their price target on shares of Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Morgan Stanley cut shares of Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price target on the stock. in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods raised their price objective on Nasdaq from $87.00 to $88.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Barclays reduced their price target on Nasdaq from $86.00 to $84.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $95.00 price target on shares of Nasdaq in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, Nasdaq currently has an average rating of "Moderate Buy" and a consensus price target of $85.18.

Nasdaq Stock Performance

NDAQ stock traded down $0.07 during trading hours on Thursday, hitting $76.14. 3,004,976 shares of the stock were exchanged, compared to its average volume of 2,799,550. Nasdaq, Inc. has a 12 month low of $58.28 and a 12 month high of $84.15. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $43.71 billion, a P/E ratio of 39.66, a P/E/G ratio of 2.12 and a beta of 1.02. The company has a 50-day simple moving average of $74.69 and a two-hundred day simple moving average of $77.49.

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

Nasdaq Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors 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 represents a $1.08 dividend on an annualized basis and a yield of 1.42%. This is an increase from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio is currently 49.09%.

Insiders Place Their Bets

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the sale, the executive vice president now owns 55,576 shares of the company's stock, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the sale, the executive vice president now directly owns 59,694 shares in the company, valued at $4,398,253.92. The trade was a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,116 shares of company stock worth $1,434,818 in the last 90 days. Company 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.