Cetera Investment Advisers Acquires 2,844 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Cetera Investment Advisers raised its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,221 shares of the financial services provider’s stock after buying an additional 2,844 shares during the period. Cetera Investment Advisers’ holdings in Nasdaq were worth $2,104,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in NDAQ. Norges Bank bought a new position in shares of Nasdaq in the fourth quarter valued at $424,285,000. Ameriprise Financial Inc. raised its holdings in shares of Nasdaq by 37.9% in the fourth quarter. Ameriprise Financial Inc. now owns 6,005,047 shares of the financial services provider’s stock valued at $464,676,000 after purchasing an additional 1,650,201 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Nasdaq in the fourth quarter valued at about $110,867,000. Raymond James Financial Inc. purchased a new stake in shares of Nasdaq in the fourth quarter valued at about $105,481,000. Finally, Franklin Resources Inc. raised its holdings in shares of Nasdaq by 13.4% in the fourth quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider’s stock valued at $802,401,000 after purchasing an additional 1,225,672 shares during the last quarter. 72.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NDAQ. Keefe, Bruyette & Woods increased their target price on shares of Nasdaq from $87.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, April 25th. Piper Sandler increased their target price on shares of Nasdaq from $80.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. Oppenheimer lowered their target price on shares of Nasdaq from $89.00 to $85.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Barclays lowered their target price on shares of Nasdaq from $86.00 to $84.00 and set an “overweight” rating for the company in a report on Friday, April 25th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 target price on shares of Nasdaq in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $86.50.

Insider Transactions at Nasdaq

In related news, EVP Bryan Everard Smith sold 657 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $71.81, for a total transaction of $47,179.17. Following the completion of the transaction, the executive vice president now owns 61,980 shares of the company’s stock, valued at approximately $4,450,783.80. The trade was a 1.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction 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 approximately $4,398,253.92. This represents a 20.04% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

NDAQ opened at $81.90 on Monday. The company has a market capitalization of $47.02 billion, a price-to-earnings ratio of 42.66, a PEG ratio of 2.12 and a beta of 1.00. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The firm has a 50-day moving average price of $75.00 and a 200-day moving average price of $77.96. Nasdaq, Inc. has a twelve month low of $58.28 and a twelve month high of $84.15.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. The firm 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%. The company’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company earned $0.63 earnings per share. Equities analysts expect 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. Stockholders of record on Friday, June 13th will be paid a $0.27 dividend. This is an increase from Nasdaq’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, June 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.32%. Nasdaq’s dividend payout ratio (DPR) is presently 49.09%.

About Nasdaq

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.