Nuveen Asset Management LLC Purchases 228,816 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Nuveen Asset Management LLC increased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,086,173 shares of the financial services provider's stock after acquiring an additional 228,816 shares during the period. Nuveen Asset Management LLC owned 0.54% of Nasdaq worth $238,592,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in NDAQ. Rakuten Securities Inc. bought a new stake in shares of Nasdaq during the 4th quarter worth $26,000. Kestra Investment Management LLC acquired a new position in shares of Nasdaq during the 4th quarter worth about $33,000. Raleigh Capital Management Inc. grew its holdings in Nasdaq by 106.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider's stock valued at $34,000 after buying an additional 225 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of Nasdaq during the fourth quarter worth approximately $37,000. Finally, TCTC Holdings LLC acquired a new stake in shares of Nasdaq in the fourth quarter worth $41,000. 72.47% of the stock is owned by institutional investors.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the transaction, the executive vice president now directly owns 59,694 shares of the company's stock, valued at $4,398,253.92. This represents a 20.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of Nasdaq stock in a transaction 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 sale, the executive vice president now directly owns 61,980 shares of the company's stock, valued at $4,450,783.80. This represents a 1.05% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company's stock.

Nasdaq Trading Up 0.1%

Nasdaq stock traded up $0.06 during trading hours on Monday, reaching $81.96. 3,289,654 shares of the company's stock traded hands, compared to its average volume of 2,905,475. Nasdaq, Inc. has a fifty-two week low of $58.28 and a fifty-two week high of $84.15. The firm's 50 day moving average is $75.00 and its 200-day moving average is $77.96. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The firm has a market capitalization of $47.06 billion, a price-to-earnings ratio of 42.69, a PEG ratio of 2.12 and a beta of 1.00.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. The company had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same period in the prior year, the business posted $0.63 EPS. Nasdaq's revenue was up 10.7% on a year-over-year basis. On average, analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, June 13th. This is an increase from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.32%. Nasdaq's dividend payout ratio (DPR) is presently 49.09%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Piper Sandler boosted their price objective on shares of Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Royal Bank of Canada reiterated an "outperform" rating and set a $95.00 price target on shares of Nasdaq in a research note on Thursday, April 10th. UBS Group reiterated a "cautious" rating on shares of Nasdaq in a research report on Monday, April 28th. StockNews.com upgraded Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Finally, Oppenheimer dropped their target price on Nasdaq from $89.00 to $85.00 and set an "outperform" rating for the company in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Nasdaq has a consensus rating of "Moderate Buy" and an average target price of $86.50.

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.