Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,962 shares of the financial services provider’s stock after acquiring an additional 2,369 shares during the period. Daiwa Securities Group Inc.’s holdings in Nasdaq were worth $2,265,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in NDAQ. RB Capital Management LLC boosted its stake in shares of Nasdaq by 15.9% during the first quarter. RB Capital Management LLC now owns 3,264 shares of the financial services provider’s stock valued at $582,000 after acquiring an additional 448 shares during the last quarter. American Century Companies Inc. boosted its stake in Nasdaq by 10.2% in the 1st quarter. American Century Companies Inc. now owns 2,209 shares of the financial services provider’s stock worth $394,000 after buying an additional 205 shares during the last quarter. Raymond James Trust N.A. boosted its stake in Nasdaq by 14.1% in the 1st quarter. Raymond James Trust N.A. now owns 3,932 shares of the financial services provider’s stock worth $701,000 after buying an additional 487 shares during the last quarter. Sei Investments Co. boosted its stake in Nasdaq by 8.4% in the 1st quarter. Sei Investments Co. now owns 136,395 shares of the financial services provider’s stock worth $24,319,000 after buying an additional 10,623 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in Nasdaq by 32.0% in the 1st quarter. Allianz Asset Management GmbH now owns 316,344 shares of the financial services provider’s stock worth $56,373,000 after buying an additional 76,603 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on NDAQ shares. Edward Jones started coverage on Nasdaq in a research note on Wednesday, April 3rd. They issued a “buy” rating on the stock. Rosenblatt Securities restated a “buy” rating and issued a $82.00 price objective on shares of Nasdaq in a report on Thursday, February 1st. Morgan Stanley upgraded Nasdaq from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $59.00 to $80.00 in a report on Tuesday, April 9th. UBS Group raised their price objective on Nasdaq from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Finally, Barclays started coverage on Nasdaq in a report on Thursday, April 11th. They issued an “overweight” rating and a $76.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $67.09.

Nasdaq Price Performance

NDAQ stock opened at $60.35 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.94. Nasdaq, Inc. has a 52-week low of $46.88 and a 52-week high of $64.25. The stock’s 50 day moving average is $59.43 and its two-hundred day moving average is $56.16. The company has a market capitalization of $34.71 billion, a PE ratio of 28.60, a P/E/G ratio of 2.74 and a beta of 0.93.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the business earned $0.64 EPS. Nasdaq’s revenue for the quarter was up 21.4% compared to the same quarter last year. Analysts predict that Nasdaq, Inc. will post 2.76 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.88 annualized dividend and a yield of 1.46%. Nasdaq’s dividend payout ratio is presently 41.71%.

Insiders Place Their Bets

In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of Nasdaq stock in a transaction that occurred on 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 sale, the insider now directly owns 58,341,545 shares in the company, valued at approximately $3,383,809,610. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 stock was 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 approximately $3,383,809,610. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Bryan Everard Smith sold 7,400 shares of Nasdaq stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the completion of the transaction, the executive vice president now owns 61,672 shares of the company’s stock, valued at approximately $3,879,785.52. The disclosure for this sale can be found here. 0.75% of the stock is owned by company insiders.

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.