Nasdaq, Inc. (NASDAQ:NDAQ) Stake Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 23.1% in the 4th quarter, Holdings Channel reports. The firm owned 349,594 shares of the financial services provider’s stock after purchasing an additional 65,507 shares during the quarter. Victory Capital Management Inc.’s holdings in Nasdaq were worth $20,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of NDAQ. Canada Pension Plan Investment Board grew its position in shares of Nasdaq by 48.7% during the 3rd quarter. Canada Pension Plan Investment Board now owns 428,643 shares of the financial services provider’s stock valued at $20,828,000 after buying an additional 140,286 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its position in shares of Nasdaq by 10.9% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 446,910 shares of the financial services provider’s stock worth $21,715,000 after purchasing an additional 43,910 shares during the period. ING Groep NV lifted its holdings in shares of Nasdaq by 6.9% in the 3rd quarter. ING Groep NV now owns 53,838 shares of the financial services provider’s stock worth $2,616,000 after purchasing an additional 3,455 shares during the last quarter. Braun Stacey Associates Inc. boosted its position in Nasdaq by 29.5% during the 4th quarter. Braun Stacey Associates Inc. now owns 365,494 shares of the financial services provider’s stock valued at $21,250,000 after purchasing an additional 83,227 shares during the period. Finally, Nordea Investment Management AB grew its stake in Nasdaq by 1.8% during the 4th quarter. Nordea Investment Management AB now owns 2,326,799 shares of the financial services provider’s stock worth $135,396,000 after buying an additional 40,215 shares during the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Bryan Everard Smith sold 3,036 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $59.89, for a total transaction of $181,826.04. Following the completion of the sale, the executive vice president now owns 58,636 shares in the company, valued at approximately $3,511,710.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Nasdaq news, EVP Bryan Everard Smith sold 3,036 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $59.89, for a total transaction of $181,826.04. Following the sale, the executive vice president now owns 58,636 shares in the company, valued at approximately $3,511,710.04. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction of $1,798,000,000.00. Following the completion of the transaction, the insider now owns 58,341,545 shares of the company’s stock, valued at $3,383,809,610. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,010,436 shares of company stock worth $1,798,647,360. 0.75% of the stock is owned by insiders.

Nasdaq Trading Up 0.5 %

Shares of Nasdaq stock opened at $60.18 on Friday. The business has a fifty day simple moving average of $60.69 and a 200-day simple moving average of $57.09. The firm has a market cap of $34.62 billion, a price-to-earnings ratio of 31.67, a price-to-earnings-growth ratio of 3.36 and a beta of 0.94. Nasdaq, Inc. has a fifty-two week low of $46.88 and a fifty-two week high of $64.25. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.90.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results 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). The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. Nasdaq’s revenue was up 22.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 earnings per share. On average, equities analysts forecast that Nasdaq, Inc. will post 2.69 EPS for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.60%. This is a boost from Nasdaq’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, June 14th. Nasdaq’s dividend payout ratio (DPR) is presently 50.53%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NDAQ shares. Oppenheimer raised their target price on Nasdaq from $65.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Barclays reduced their target price on shares of Nasdaq from $76.00 to $73.00 and set an “overweight” rating for the company in a research note on Friday, April 26th. Citigroup raised their price target on shares of Nasdaq from $56.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, January 12th. UBS Group boosted their price objective on Nasdaq from $56.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Finally, Morgan Stanley upgraded Nasdaq from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $59.00 to $80.00 in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Nasdaq presently has an average rating of “Moderate Buy” and a consensus price target of $65.92.

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.