Dnca Finance Acquires Shares of 66,100 Nasdaq, Inc. (NASDAQ:NDAQ)

Dnca Finance bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 66,100 shares of the financial services provider’s stock, valued at approximately $5,110,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Trust Advisors LP lifted its holdings in Nasdaq by 6.3% in the 4th quarter. First Trust Advisors LP now owns 701,656 shares of the financial services provider’s stock valued at $54,245,000 after purchasing an additional 41,359 shares in the last quarter. Freedom Investment Management Inc. lifted its stake in shares of Nasdaq by 36.7% in the fourth quarter. Freedom Investment Management Inc. now owns 5,940 shares of the financial services provider’s stock worth $459,000 after buying an additional 1,596 shares in the last quarter. GeoWealth Management LLC boosted its position in Nasdaq by 107.7% during the fourth quarter. GeoWealth Management LLC now owns 5,059 shares of the financial services provider’s stock worth $391,000 after acquiring an additional 2,623 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Nasdaq by 3.6% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,428,950 shares of the financial services provider’s stock valued at $110,350,000 after acquiring an additional 49,032 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in Nasdaq by 93.6% in the 4th quarter. Canada Pension Plan Investment Board now owns 210,549 shares of the financial services provider’s stock worth $16,278,000 after purchasing an additional 101,775 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $72.18 on Friday. The company’s fifty day simple moving average is $75.82 and its 200-day simple moving average is $77.37. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a 52 week low of $58.10 and a 52 week high of $84.15. The company has a market cap of $41.51 billion, a PE ratio of 37.59, a P/E/G ratio of 2.12 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, equities research analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.24 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.33%. Nasdaq’s dividend payout ratio is presently 50.00%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NDAQ. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Friday. Raymond James upped their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Redburn Atlantic upgraded shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $91.00 target price on the stock in a report on Thursday. Citigroup cut their price target on shares of Nasdaq from $84.00 to $75.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Finally, Oppenheimer lowered their price objective on Nasdaq from $89.00 to $85.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Nasdaq has a consensus rating of “Moderate Buy” and an average target price of $85.88.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the sale, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the transaction, the executive vice president now directly owns 59,694 shares in the company, valued at $4,398,253.92. This represents a 20.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,116 shares of company stock worth $1,434,818 in the last ninety days. 0.70% of the stock is owned by insiders.

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.