Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. boosted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQFree Report) by 25.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 44,195 shares of the financial services provider’s stock after purchasing an additional 9,096 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Nasdaq were worth $2,570,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Nasdaq during the 4th quarter valued at about $29,000. Loomis Sayles & Co. L P acquired a new stake in shares of Nasdaq during the 3rd quarter valued at about $26,000. Allworth Financial LP grew its position in shares of Nasdaq by 74.9% during the 4th quarter. Allworth Financial LP now owns 815 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 349 shares during the period. Lindbrook Capital LLC grew its position in shares of Nasdaq by 158.5% during the 4th quarter. Lindbrook Capital LLC now owns 902 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 553 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Nasdaq by 313.7% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,328 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 1,007 shares during the period. 72.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NDAQ. Edward Jones began coverage on Nasdaq in a research report on Wednesday, April 3rd. They set a “buy” rating on the stock. Argus raised their price target on shares of Nasdaq from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. The Goldman Sachs Group raised shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price target on the stock in a research note on Tuesday, March 26th. Morgan Stanley raised shares of Nasdaq from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $59.00 to $80.00 in a research note on Tuesday, April 9th. Finally, Barclays decreased their price target on shares of Nasdaq from $76.00 to $73.00 and set an “overweight” rating on the stock in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $65.92.

Read Our Latest Stock Report on NDAQ

Nasdaq Stock Down 0.0 %

NDAQ stock opened at $59.03 on Monday. Nasdaq, Inc. has a one year low of $46.88 and a one year high of $64.25. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.99 and a current ratio of 0.99. The firm’s 50 day moving average price is $61.23 and its 200-day moving average price is $58.39. The firm has a market cap of $33.95 billion, a PE ratio of 31.07, a PEG ratio of 3.20 and a beta of 0.94.

Nasdaq (NASDAQ:NDAQGet Free Report) last posted its earnings results on Thursday, April 25th. The financial services provider reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.02). Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the business posted $0.69 EPS. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, equities research analysts anticipate that Nasdaq, Inc. will post 2.68 EPS for the current year.

Nasdaq Increases Dividend

The business 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 $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Friday, June 14th. This is an increase from Nasdaq’s previous quarterly dividend of $0.22. Nasdaq’s dividend payout ratio (DPR) is 46.32%.

Insider Activity at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,036 shares of Nasdaq stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $59.89, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the completion of the transaction, the insider now owns 58,341,545 shares in the company, valued at $3,383,809,610. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Bryan Everard Smith sold 3,036 shares of the business’s 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 transaction, the executive vice president now owns 58,636 shares of the company’s stock, valued at approximately $3,511,710.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,010,436 shares of company stock worth $1,798,647,360. Insiders own 0.70% of the company’s stock.

Nasdaq Profile

(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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