Victory Capital Management Inc. Grows Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Victory Capital Management Inc. raised its position in Nasdaq, Inc. (NASDAQ:NDAQ – Get Rating) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 161,644 shares of the financial services provider’s stock after acquiring an additional 1,731 shares during the quarter. Victory Capital Management Inc.’s holdings in Nasdaq were worth $9,729,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cresset Asset Management LLC lifted its position in shares of Nasdaq by 4.5% during the 1st quarter. Cresset Asset Management LLC now owns 1,717 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 74 shares during the last quarter. Horizon Investments LLC boosted its position in shares of Nasdaq by 8.3% during the 1st quarter. Horizon Investments LLC now owns 1,120 shares of the financial services provider’s stock worth $200,000 after acquiring an additional 86 shares in the last quarter. Brinker Capital Investments LLC boosted its position in shares of Nasdaq by 0.4% during the 1st quarter. Brinker Capital Investments LLC now owns 29,446 shares of the financial services provider’s stock worth $5,247,000 after acquiring an additional 106 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Nasdaq by 1.7% in the 1st quarter. Advisors Asset Management Inc. now owns 7,142 shares of the financial services provider’s stock valued at $1,273,000 after acquiring an additional 120 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its stake in Nasdaq by 10.6% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,360 shares of the financial services provider’s stock worth $207,000 after purchasing an additional 130 shares during the last quarter. Institutional investors and hedge funds own 73.01% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on NDAQ. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Morgan Stanley lowered shares of Nasdaq from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $70.00 to $60.00 in a research note on Tuesday, April 11th. Keefe, Bruyette & Woods reduced their price target on shares of Nasdaq from $73.00 to $67.00 and set an “outperform” rating for the company in a research report on Thursday, January 26th. JPMorgan Chase & Co. cut their target price on Nasdaq from $70.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, January 26th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $82.00 target price on shares of Nasdaq in a research report on Thursday, April 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $63.67.

Nasdaq Price Performance

Nasdaq stock opened at $53.86 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.98 and a quick ratio of 0.98. The business has a 50 day simple moving average of $54.64 and a 200-day simple moving average of $58.97. Nasdaq, Inc. has a 12 month low of $48.06 and a 12 month high of $69.22. The stock has a market capitalization of $26.43 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 4.52 and a beta of 0.97.

Nasdaq (NASDAQ:NDAQ – Get Rating) last announced its quarterly earnings data on Wednesday, April 19th. The financial services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. Nasdaq had a net margin of 18.38% and a return on equity of 22.15%. The company had revenue of $914.00 million during the quarter, compared to the consensus estimate of $910.06 million. During the same quarter in the prior year, the firm earned $0.66 EPS. Nasdaq’s quarterly revenue was up 2.5% on a year-over-year basis. Equities analysts predict that Nasdaq, Inc. will post 2.71 earnings per share for the current year.

Nasdaq Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Thursday, June 15th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.20. Nasdaq’s payout ratio is currently 34.83%.

About Nasdaq

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Nasdaq, Inc is a holding company, which engages in trading, clearing, exchange technology, regulatory, securities listing, information, and public and private company services. It operates through the following segments: Market Technology, Investment Intelligence, Corporate Platforms, and Market Services.