Robeco Institutional Asset Management B.V. Boosts Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Robeco Institutional Asset Management B.V. increased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 28.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 763,705 shares of the financial services provider's stock after purchasing an additional 170,942 shares during the period. Robeco Institutional Asset Management B.V. owned 0.13% of Nasdaq worth $44,402,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Financial Advocates Investment Management purchased a new position in Nasdaq in the 4th quarter worth approximately $243,000. NorthRock Partners LLC bought a new stake in Nasdaq in the 4th quarter worth approximately $210,000. Navellier & Associates Inc. bought a new stake in Nasdaq in the 4th quarter worth approximately $240,000. Kingsview Wealth Management LLC bought a new stake in Nasdaq in the 4th quarter worth approximately $1,949,000. Finally, Baader Bank Aktiengesellschaft increased its stake in Nasdaq by 42,912.8% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 178,503 shares of the financial services provider's stock worth $10,375,000 after acquiring an additional 178,088 shares during the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Nasdaq news, EVP Bryan Everard Smith sold 7,400 shares of the firm's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the completion of the sale, the executive vice president now owns 61,672 shares of the company's stock, valued at $3,879,785.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the firm's stock in a transaction dated 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 transaction, the insider now directly owns 58,341,545 shares in the company, valued at $3,383,809,610. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Bryan Everard Smith sold 7,400 shares of the firm's stock in a transaction dated Monday, April 1st. The stock was 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 owns 61,672 shares of the company's stock, valued at $3,879,785.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,010,436 shares of company stock valued at $1,798,647,360. 0.75% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods reduced their price objective on Nasdaq from $75.00 to $74.00 and set an "outperform" rating on the stock in a research note on Friday, April 26th. Edward Jones assumed coverage on Nasdaq in a report on Wednesday, April 3rd. They set a "buy" rating on the stock. The Goldman Sachs Group upgraded Nasdaq from a "neutral" rating to a "buy" rating and set a $73.00 price target on the stock in a report on Tuesday, March 26th. Oppenheimer increased their price target on Nasdaq from $65.00 to $68.00 and gave the company an "outperform" rating in a report on Thursday, February 1st. Finally, Piper Sandler increased their target price on Nasdaq from $70.00 to $71.00 and gave the stock an "overweight" rating in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Nasdaq presently has an average rating of "Moderate Buy" and a consensus price target of $65.92.

Nasdaq Stock Up 0.9 %

NDAQ stock traded up $0.53 during trading on Friday, reaching $62.76. 2,359,582 shares of the company traded hands, compared to its average volume of 3,067,644. Nasdaq, Inc. has a 12 month low of $46.88 and a 12 month high of $64.25. The business has a 50 day simple moving average of $61.10 and a 200 day simple moving average of $57.65. The company has a market capitalization of $36.10 billion, a price-to-earnings ratio of 33.03, a price-to-earnings-growth ratio of 3.36 and a beta of 0.94. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.99 and a current ratio of 0.99.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.63 earnings per share 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 company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the business earned $0.69 EPS. Nasdaq's revenue for the quarter was up 22.2% compared to the same quarter last year. On average, equities research analysts anticipate that Nasdaq, Inc. will post 2.69 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.53%. The ex-dividend date is Friday, June 14th. This is an increase from Nasdaq's previous quarterly dividend of $0.22. Nasdaq's dividend payout ratio (DPR) is currently 50.53%.

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.

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