National Pension Service Boosts Stock Position in Nasdaq, Inc. $NDAQ

National Pension Service raised its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 586,473 shares of the financial services provider’s stock after purchasing an additional 4,827 shares during the quarter. National Pension Service’s holdings in Nasdaq were worth $52,442,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Fairbanks Capital Management Inc. lifted its holdings in shares of Nasdaq by 6.4% during the second quarter. Fairbanks Capital Management Inc. now owns 32,996 shares of the financial services provider’s stock worth $2,951,000 after purchasing an additional 1,985 shares during the period. Nwam LLC acquired a new position in Nasdaq in the 2nd quarter valued at $242,000. Vise Technologies Inc. acquired a new stake in shares of Nasdaq in the 2nd quarter worth $465,000. Alpha Cubed Investments LLC acquired a new stake in shares of Nasdaq in the 2nd quarter worth $207,000. Finally, Allworth Financial LP increased its stake in shares of Nasdaq by 75.8% during the second quarter. Allworth Financial LP now owns 2,041 shares of the financial services provider’s stock worth $182,000 after acquiring an additional 880 shares during the period. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on NDAQ. Keefe, Bruyette & Woods raised their price objective on shares of Nasdaq from $103.00 to $104.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Piper Sandler increased their target price on Nasdaq from $97.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Cowen restated a “hold” rating on shares of Nasdaq in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Nasdaq in a report on Tuesday, October 14th. Finally, Morgan Stanley set a $90.00 target price on Nasdaq and gave the company an “equal weight” rating in a report on Wednesday, October 1st. Fourteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $99.67.

Insider Buying and Selling

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $85.40, for a total transaction of $179,767.00. Following the completion of the transaction, the executive vice president owned 84,974 shares of the company’s stock, valued at approximately $7,256,779.60. This trade represents a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $87.43 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $89.11 and a two-hundred day moving average price of $88.49. Nasdaq, Inc. has a twelve month low of $64.84 and a twelve month high of $97.63. The company has a market capitalization of $49.92 billion, a P/E ratio of 31.23, a price-to-earnings-growth ratio of 1.79 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.06. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.74 earnings per share. As a group, research analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, December 5th. Nasdaq’s dividend payout ratio is 38.57%.

Nasdaq 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.