Canada Pension Plan Investment Board Has $20.83 Million Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Canada Pension Plan Investment Board raised its holdings in Nasdaq, Inc. (NASDAQ:NDAQFree Report) by 48.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 428,643 shares of the financial services provider’s stock after purchasing an additional 140,286 shares during the period. Canada Pension Plan Investment Board’s holdings in Nasdaq were worth $20,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. ING Groep NV grew 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. LPL Financial LLC lifted its position in Nasdaq by 36.9% during the 2nd quarter. LPL Financial LLC now owns 159,817 shares of the financial services provider’s stock worth $7,967,000 after buying an additional 43,057 shares in the last quarter. State Street Corp lifted its position in Nasdaq by 2.3% during the 2nd quarter. State Street Corp now owns 14,431,683 shares of the financial services provider’s stock worth $719,419,000 after buying an additional 321,354 shares in the last quarter. Fortis Capital Management LLC acquired a new position in Nasdaq during the 3rd quarter worth about $1,422,000. Finally, abrdn plc lifted its position in Nasdaq by 3.3% during the 3rd quarter. abrdn plc now owns 94,780 shares of the financial services provider’s stock valued at $4,605,000 after purchasing an additional 2,997 shares during the period. Institutional investors own 72.47% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on NDAQ shares. Morgan Stanley lifted their price objective on shares of Nasdaq from $54.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 19th. UBS Group lifted their price objective on shares of Nasdaq from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. StockNews.com downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Thursday, February 1st. Oppenheimer lifted their price objective on shares of Nasdaq from $65.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Nasdaq from $62.00 to $63.00 and gave the stock an “overweight” rating in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Nasdaq currently has an average rating of “Hold” and a consensus price target of $62.20.

View Our Latest Research Report on NDAQ

Nasdaq Stock Up 0.9 %

NASDAQ NDAQ opened at $57.25 on Monday. The company has a 50 day moving average of $56.67 and a 200-day moving average of $53.08. The company has a market cap of $33.03 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 2.64 and a beta of 0.94. The company has a current ratio of 1.01, a quick ratio of 1.75 and a debt-to-equity ratio of 0.94. Nasdaq, Inc. has a 1-year low of $46.88 and a 1-year high of $60.72.

Nasdaq (NASDAQ:NDAQGet Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period last year, the firm posted $0.64 earnings per share. On average, equities research analysts expect that Nasdaq, Inc. will post 2.72 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, March 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.54%. Nasdaq’s payout ratio is presently 41.71%.

About Nasdaq

(Free Report)

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Market Platforms, Capital Access Platforms, and Anti-Financial Crime. The Market Platforms segment trading services, including equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and trade management service businesses.

Further Reading

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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