Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lifted its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 394,626 shares of the financial services provider's stock after purchasing an additional 16,900 shares during the quarter. Public Employees Retirement Association of Colorado owned about 0.07% of Nasdaq worth $30,509,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of NDAQ. Prosperity Consulting Group LLC raised its position in Nasdaq by 10.7% in the 4th quarter. Prosperity Consulting Group LLC now owns 40,173 shares of the financial services provider's stock worth $3,106,000 after purchasing an additional 3,877 shares during the period. Oxford Asset Management LLP bought a new position in shares of Nasdaq during the fourth quarter valued at approximately $858,000. Coldstream Capital Management Inc. raised its holdings in shares of Nasdaq by 3.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 7,681 shares of the financial services provider's stock worth $594,000 after buying an additional 285 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in shares of Nasdaq during the 4th quarter worth approximately $551,000. Finally, Burling Wealth Partners LLC purchased a new position in Nasdaq during the 4th quarter valued at $1,291,000. Institutional investors own 72.47% of the company's stock.

Analyst Ratings Changes

NDAQ has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their target price on Nasdaq from $87.00 to $88.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. lifted their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Piper Sandler upped their target price 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. StockNews.com raised shares of Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Finally, UBS Group reiterated a "cautious" rating on shares of Nasdaq in a report on Monday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $85.18.

Insider Activity at Nasdaq

In related 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of Nasdaq stock in a transaction dated 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 trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,116 shares of company stock valued at $1,434,818 in the last ninety days. Corporate insiders own 0.70% of the company's stock.

Nasdaq Stock Up 2.6 %

Nasdaq stock traded up $2.01 during trading hours on Friday, reaching $78.15. The stock had a trading volume of 1,093,179 shares, compared to its average volume of 2,793,009. Nasdaq, Inc. has a 52 week low of $58.28 and a 52 week high of $84.15. The company has a market cap of $44.87 billion, a price-to-earnings ratio of 40.67, a PEG ratio of 2.12 and a beta of 1.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The business's 50 day moving average price is $74.62 and its 200-day moving average price is $77.52.

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

Nasdaq Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.38%. This is an increase from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, June 13th. Nasdaq's payout ratio is 49.09%.

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.