Caprock Group LLC Buys New Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Caprock Group LLC bought a new stake in Nasdaq, Inc. (NASDAQ:NDAQFree Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 5,740 shares of the financial services provider’s stock, valued at approximately $334,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cresset Asset Management LLC boosted its holdings in Nasdaq by 4.5% in the 1st quarter. Cresset Asset Management LLC now owns 1,717 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 74 shares during the period. Horizon Investments LLC lifted its holdings 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 during the period. Brinker Capital Investments LLC lifted its holdings 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 during the period. Advisors Asset Management Inc. lifted its holdings in shares of Nasdaq by 1.7% during the 1st quarter. Advisors Asset Management Inc. now owns 7,142 shares of the financial services provider’s stock worth $1,273,000 after acquiring an additional 120 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Nasdaq by 10.6% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,360 shares of the financial services provider’s stock worth $207,000 after acquiring an additional 130 shares during the period. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Nasdaq

In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of Nasdaq stock in a transaction that occurred on Friday, March 22nd. The shares were 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 owns 58,341,545 shares in the company, valued at approximately $3,383,809,610. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.75% of the company’s stock.

Nasdaq Trading Down 1.3 %

NDAQ opened at $62.29 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $35.86 billion, a PE ratio of 29.52, a PEG ratio of 2.86 and a beta of 0.93. Nasdaq, Inc. has a 1-year low of $46.88 and a 1-year high of $63.52. The firm has a 50-day moving average price of $58.33 and a two-hundred day moving average price of $54.94.

Nasdaq (NASDAQ:NDAQGet Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 EPS. As a group, equities analysts anticipate that Nasdaq, Inc. will post 2.74 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Wednesday, March 13th. Nasdaq’s payout ratio is presently 41.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. UBS Group raised their price objective on shares of Nasdaq from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and set a $82.00 price objective on shares of Nasdaq in a report on Thursday, February 1st. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Oppenheimer lifted their price target on shares of Nasdaq from $65.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, The Goldman Sachs Group raised shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price target for the company in a report on Tuesday, March 26th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $63.70.

View Our Latest Research Report on Nasdaq

About Nasdaq

(Free Report)

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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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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