Helios Capital Management PTE. Ltd. acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 16,950 shares of the financial services provider's stock, valued at approximately $985,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in NDAQ. BlackRock Inc. boosted its position in Nasdaq by 0.7% during the first quarter. BlackRock Inc. now owns 26,870,823 shares of the financial services provider's stock valued at $1,469,028,000 after purchasing an additional 196,739 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Nasdaq by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 12,756,255 shares of the financial services provider's stock valued at $2,273,164,000 after buying an additional 126,348 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Nasdaq by 1.6% in the first quarter. Geode Capital Management LLC now owns 7,735,673 shares of the financial services provider's stock valued at $422,030,000 after buying an additional 125,136 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Nasdaq by 214.0% during the third quarter. The Manufacturers Life Insurance Company now owns 6,281,617 shares of the financial services provider's stock worth $305,224,000 after buying an additional 4,280,846 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Nasdaq by 16.6% during the third quarter. Ameriprise Financial Inc. now owns 4,787,784 shares of the financial services provider's stock worth $232,564,000 after acquiring an additional 681,238 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.
Nasdaq Stock Performance
NASDAQ:NDAQ traded up $0.05 during mid-day trading on Thursday, hitting $63.06. 3,720,833 shares of the stock were exchanged, compared to its average volume of 3,133,816. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.01 and a current ratio of 1.01. The firm's 50-day simple moving average is $58.98 and its 200 day simple moving average is $55.55. Nasdaq, Inc. has a fifty-two week low of $46.88 and a fifty-two week high of $64.25. The stock has a market capitalization of $36.27 billion, a price-to-earnings ratio of 29.89, a price-to-earnings-growth ratio of 2.93 and a beta of 0.93.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.02. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the firm earned $0.64 earnings per share. The company's revenue was up 21.4% on a year-over-year basis. As a group, equities analysts anticipate that Nasdaq, Inc. will post 2.75 EPS for the current fiscal year.
Nasdaq Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Wednesday, March 13th. Nasdaq's dividend payout ratio is currently 41.71%.
Analyst Ratings Changes
A number of brokerages have recently commented on NDAQ. Citigroup lifted their price objective on shares of Nasdaq from $56.00 to $63.00 and gave the company a "neutral" rating in a research report on Friday, January 12th. Piper Sandler boosted their price target on Nasdaq from $70.00 to $71.00 and gave the stock an "overweight" rating in a research report on Thursday, February 1st. The Goldman Sachs Group upgraded Nasdaq from a "neutral" rating to a "buy" rating and set a $73.00 price objective on the stock in a research note on Tuesday, March 26th. Edward Jones initiated coverage on Nasdaq in a research note on Wednesday, April 3rd. They set a "buy" rating for the company. Finally, Barclays assumed coverage on Nasdaq in a research note on Thursday. They issued an "overweight" rating and a $76.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Nasdaq has an average rating of "Moderate Buy" and an average price target of $67.09.
Read Our Latest Stock Analysis on Nasdaq
Insiders Place Their Bets
In related news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business's stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the completion of the sale, the insider now directly owns 58,341,545 shares in the company, valued at $3,383,809,610. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the firm's stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the transaction, the insider now owns 58,341,545 shares in the company, valued at $3,383,809,610. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bryan Everard Smith sold 7,400 shares of the business's stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.91, for a total value of $465,534.00. Following the completion of the transaction, the executive vice president now directly owns 61,672 shares of the company's stock, valued at approximately $3,879,785.52. The disclosure for this sale can be found here. Company insiders own 0.75% of the company's stock.
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.
Featured Articles
Before you consider Nasdaq, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nasdaq wasn't on the list.
While Nasdaq currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
