abrdn plc Boosts Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

abrdn plc boosted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 56.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 148,299 shares of the financial services provider's stock after purchasing an additional 53,519 shares during the quarter. abrdn plc's holdings in Nasdaq were worth $8,622,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Czech National Bank grew its holdings in Nasdaq by 47.8% during the 3rd quarter. Czech National Bank now owns 59,251 shares of the financial services provider's stock valued at $2,879,000 after buying an additional 19,165 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in Nasdaq by 9.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 153,984 shares of the financial services provider's stock valued at $7,482,000 after buying an additional 13,899 shares in the last quarter. Ridgewood Investments LLC grew its holdings in Nasdaq by 10.3% during the 3rd quarter. Ridgewood Investments LLC now owns 25,743 shares of the financial services provider's stock valued at $1,251,000 after buying an additional 2,403 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in Nasdaq by 14.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 79,454 shares of the financial services provider's stock valued at $3,861,000 after buying an additional 10,125 shares in the last quarter. Finally, Accurate Wealth Management LLC grew its holdings in Nasdaq by 2.4% during the 3rd quarter. Accurate Wealth Management LLC now owns 44,256 shares of the financial services provider's stock valued at $2,210,000 after buying an additional 1,045 shares in the last quarter. Institutional investors own 72.47% of the company's stock.

Wall Street Analyst Weigh In

NDAQ has been the subject of several research analyst reports. Edward Jones started coverage on Nasdaq in a report on Wednesday, April 3rd. They set a "buy" rating for the company. Barclays dropped their target price on Nasdaq from $76.00 to $73.00 and set an "overweight" rating for the company in a report on Friday. Oppenheimer lifted their target price on Nasdaq from $65.00 to $68.00 and gave the stock an "outperform" rating in a report on Thursday, February 1st. Piper Sandler lifted their target price on Nasdaq from $70.00 to $71.00 and gave the stock an "overweight" rating in a report on Thursday, February 1st. Finally, Morgan Stanley upgraded Nasdaq from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $59.00 to $80.00 in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $66.92.

Nasdaq Trading Down 0.3 %

NDAQ traded down $0.17 during trading hours on Friday, reaching $60.12. 4,792,137 shares of the company's stock traded hands, compared to its average volume of 2,934,295. The firm has a 50-day moving average price of $59.93 and a 200 day moving average price of $56.50. Nasdaq, Inc. has a 52-week low of $46.88 and a 52-week high of $64.25. The company has a quick ratio of 1.01, a current ratio of 0.99 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $34.58 billion, a PE ratio of 31.64, a PEG ratio of 2.77 and a beta of 0.93.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.02). Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. The business had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the previous year, the firm earned $0.69 EPS. Nasdaq's revenue was up 22.2% compared to the same quarter last year. As a group, sell-side analysts predict that Nasdaq, Inc. will post 2.75 EPS for the current fiscal year.

Nasdaq Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, June 14th. This is a positive change from Nasdaq's previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a yield of 1.60%. Nasdaq's payout ratio is 46.32%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of Nasdaq stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the completion of the sale, the insider now directly owns 58,341,545 shares of the company's stock, valued at approximately $3,383,809,610. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Nasdaq news, EVP Bryan Everard Smith sold 7,400 shares of Nasdaq stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.91, for a total transaction of $465,534.00. Following the completion of the sale, the executive vice president now directly owns 61,672 shares of the company's stock, valued at approximately $3,879,785.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of Nasdaq stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the sale, the insider now directly owns 58,341,545 shares of the company's stock, valued at $3,383,809,610. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by corporate insiders.

Nasdaq 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.