Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Signaturefd LLC

Signaturefd LLC lifted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 13.9% during the 4th quarter, Holdings Channel reports. The firm owned 6,118 shares of the financial services provider’s stock after buying an additional 747 shares during the period. Signaturefd LLC’s holdings in Nasdaq were worth $356,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its position in shares of Nasdaq by 214.0% during the third quarter. The Manufacturers Life Insurance Company now owns 6,281,617 shares of the financial services provider’s stock worth $305,224,000 after purchasing an additional 4,280,846 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Nasdaq by 16.6% in the third quarter. Ameriprise Financial Inc. now owns 4,787,784 shares of the financial services provider’s stock valued at $232,564,000 after acquiring an additional 681,238 shares in the last quarter. Northern Trust Corp raised its holdings in Nasdaq by 5.4% in the third quarter. Northern Trust Corp now owns 3,363,894 shares of the financial services provider’s stock valued at $163,452,000 after acquiring an additional 171,959 shares in the last quarter. Invesco Ltd. raised its holdings in Nasdaq by 16.7% in the third quarter. Invesco Ltd. now owns 2,654,180 shares of the financial services provider’s stock valued at $128,967,000 after acquiring an additional 378,936 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its holdings in Nasdaq by 8.2% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,497,470 shares of the financial services provider’s stock valued at $121,352,000 after acquiring an additional 189,379 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Transactions at Nasdaq

In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the transaction, the insider now directly owns 58,341,545 shares in the company, valued at $3,383,809,610. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Bryan Everard Smith sold 7,400 shares of Nasdaq stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.91, for a total value of $465,534.00. Following the transaction, the executive vice president now directly owns 61,672 shares in the company, valued at approximately $3,879,785.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of Nasdaq stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction 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 $3,383,809,610. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Nasdaq Stock Performance

Shares of NDAQ opened at $60.29 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.94. The firm has a market cap of $34.68 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93. The company’s 50 day simple moving average is $59.84 and its 200-day simple moving average is $56.39. Nasdaq, Inc. has a 12-month low of $46.88 and a 12-month high of $64.25.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The company’s revenue for the quarter 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. As a group, equities analysts predict that Nasdaq, Inc. will post 2.75 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, March 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.46%. Nasdaq’s dividend payout ratio (DPR) is presently 41.71%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. UBS Group raised their target price on shares of Nasdaq from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Oppenheimer raised their target price on shares of Nasdaq from $65.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Piper Sandler raised their target price on shares of Nasdaq from $70.00 to $71.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Finally, The Goldman Sachs Group upgraded shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price target on the stock in a research note on Tuesday, March 26th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.09.

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.