Panagora Asset Management Inc. Has $56.58 Million Stock Holdings in Nasdaq, Inc. $NDAQ

Panagora Asset Management Inc. boosted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 192.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 582,464 shares of the financial services provider’s stock after acquiring an additional 383,217 shares during the period. Panagora Asset Management Inc.’s holdings in Nasdaq were worth $56,575,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. MML Investors Services LLC raised its holdings in Nasdaq by 8.4% during the fourth quarter. MML Investors Services LLC now owns 69,773 shares of the financial services provider’s stock worth $6,777,000 after buying an additional 5,384 shares during the last quarter. Mariner LLC raised its holdings in Nasdaq by 2.5% during the fourth quarter. Mariner LLC now owns 2,875,927 shares of the financial services provider’s stock worth $279,345,000 after buying an additional 71,249 shares during the last quarter. Focus Partners Wealth raised its holdings in Nasdaq by 23.3% during the fourth quarter. Focus Partners Wealth now owns 25,316 shares of the financial services provider’s stock worth $2,459,000 after buying an additional 4,782 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in Nasdaq during the fourth quarter worth $1,392,000. Finally, Dockside LLC purchased a new stake in shares of Nasdaq in the fourth quarter valued at about $5,414,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NDAQ shares. Raymond James Financial restated an “outperform” rating and set a $109.00 price objective on shares of Nasdaq in a report on Wednesday, February 25th. Keefe, Bruyette & Woods lifted their price objective on shares of Nasdaq from $92.00 to $97.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Barclays lifted their price objective on shares of Nasdaq from $115.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Wall Street Zen raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, Rothschild & Co Redburn set a $110.00 price objective on shares of Nasdaq in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Nasdaq has a consensus rating of “Moderate Buy” and a consensus target price of $107.36.

Insider Activity

In related news, EVP Bradley J. Peterson sold 7,710 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $90.82, for a total transaction of $700,222.20. Following the completion of the transaction, the executive vice president owned 141,035 shares of the company’s stock, valued at approximately $12,808,798.70. The trade was a 5.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michelle Lynn Daly sold 1,323 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $88.82, for a total transaction of $117,508.86. Following the transaction, the senior vice president directly owned 10,089 shares of the company’s stock, valued at approximately $896,104.98. This represents a 11.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 138,162 shares of company stock worth $11,932,913 in the last three months. Insiders own 0.60% of the company’s stock.

Nasdaq Price Performance

NDAQ opened at $88.98 on Monday. The firm has a 50-day moving average price of $88.88 and a 200-day moving average price of $90.11. The company has a market capitalization of $50.32 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.78 and a beta of 0.97. Nasdaq, Inc. has a twelve month low of $77.09 and a twelve month high of $101.79. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.71.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Nasdaq had a net margin of 23.15% and a return on equity of 17.51%. Nasdaq’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.79 earnings per share. Equities analysts expect that Nasdaq, Inc. will post 3.86 EPS for the current year.

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be paid a dividend of $0.31 per share. This is an increase from Nasdaq’s previous quarterly dividend of $0.27. This represents a $1.24 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, June 12th. Nasdaq’s dividend payout ratio is presently 37.35%.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.