Cibc World Market Inc. Acquires 15,739 Shares of Nasdaq, Inc. $NDAQ

Cibc World Market Inc. raised its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 162.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 25,447 shares of the financial services provider’s stock after acquiring an additional 15,739 shares during the quarter. Cibc World Market Inc.’s holdings in Nasdaq were worth $2,251,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Caprock Group LLC bought a new stake in shares of Nasdaq in the 3rd quarter valued at $269,000. ING Groep NV raised its position in shares of Nasdaq by 6.2% in the 3rd quarter. ING Groep NV now owns 21,228 shares of the financial services provider’s stock worth $1,878,000 after acquiring an additional 1,237 shares in the last quarter. Krilogy Financial LLC acquired a new position in shares of Nasdaq in the 3rd quarter valued at about $496,000. Stratos Wealth Advisors LLC boosted its position in shares of Nasdaq by 8.6% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 6,739 shares of the financial services provider’s stock valued at $596,000 after purchasing an additional 536 shares in the last quarter. Finally, MQS Management LLC acquired a new stake in Nasdaq during the third quarter worth approximately $307,000. 72.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NDAQ has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Nasdaq from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Morgan Stanley set a $116.00 target price on shares of Nasdaq and gave the company an “overweight” rating in a research report on Friday, January 30th. UBS Group restated a “buy” rating and issued a $120.00 price target (up from $115.00) on shares of Nasdaq in a report on Monday, January 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Nasdaq in a research note on Friday, January 9th. Finally, Barclays reissued an “overweight” rating and set a $115.00 price objective (up previously from $114.00) on shares of Nasdaq in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and a consensus price target of $103.13.

Nasdaq Trading Up 0.6%

NDAQ opened at $79.47 on Tuesday. Nasdaq, Inc. has a fifty-two week low of $64.84 and a fifty-two week high of $101.79. The firm has a market capitalization of $45.17 billion, a PE ratio of 25.72, a P/E/G ratio of 1.31 and a beta of 1.02. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01. The company’s 50-day moving average is $94.65 and its 200 day moving average is $92.05.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. Nasdaq had a return on equity of 16.90% and a net margin of 21.77%.The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the company posted $0.76 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, March 16th. Nasdaq’s dividend payout ratio (DPR) is presently 34.95%.

Insider Activity

In other news, EVP John Zecca sold 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $100.01, for a total value of $450,045.00. Following the transaction, the executive vice president owned 125,674 shares in the company, valued at $12,568,656.74. The trade was a 3.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adena T. Friedman sold 300,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $96.39, for a total value of $28,917,000.00. Following the sale, the chief executive officer directly owned 1,924,903 shares of the company’s stock, valued at $185,541,400.17. The trade was a 13.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 604,500 shares of company stock worth $58,440,045. 0.70% of the stock is owned by corporate insiders.

Nasdaq Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.