Tobam Has $143,000 Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Tobam lowered its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 31.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,468 shares of the financial services provider’s stock after selling 1,158 shares during the period. Tobam’s holdings in Nasdaq were worth $143,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Turtle Creek Wealth Advisors LLC bought a new position in shares of Nasdaq during the fourth quarter valued at $29,000. Loomis Sayles & Co. L P bought a new position in shares of Nasdaq during the third quarter valued at $26,000. Harbour Investments Inc. raised its stake in shares of Nasdaq by 250.6% during the fourth quarter. Harbour Investments Inc. now owns 547 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 391 shares during the last quarter. Carmel Capital Partners LLC bought a new position in shares of Nasdaq during the third quarter valued at $32,000. Finally, Clear Street Markets LLC raised its stake in shares of Nasdaq by 93.9% during the first quarter. Clear Street Markets LLC now owns 665 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 322 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Activity

In other news, EVP Bryan Everard Smith sold 7,400 shares of Nasdaq stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.91, for a total transaction of $465,534.00. Following the completion of the transaction, the executive vice president now directly owns 61,672 shares in the company, valued at $3,879,785.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Bryan Everard Smith sold 7,400 shares of Nasdaq stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.91, for a total transaction of $465,534.00. Following the completion of the transaction, the executive vice president now directly owns 61,672 shares in the company, valued at $3,879,785.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of Nasdaq stock in a transaction dated 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 owns 58,341,545 shares of the company’s stock, valued at $3,383,809,610. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NDAQ. Piper Sandler raised their price target on shares of Nasdaq from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. The Goldman Sachs Group raised shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 target price for the company in a research note on Tuesday, March 26th. Citigroup lifted their target price on shares of Nasdaq from $56.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, January 12th. Edward Jones began coverage on shares of Nasdaq in a research note on Wednesday, April 3rd. They set a “buy” rating for the company. Finally, Oppenheimer lifted their target price on shares of Nasdaq from $65.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.09.

Nasdaq Trading Up 0.1 %

NDAQ opened at $63.06 on Friday. Nasdaq, Inc. has a 1-year low of $46.88 and a 1-year high of $64.25. 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 company has a market cap of $36.27 billion, a P/E ratio of 29.89, a price-to-earnings-growth ratio of 2.86 and a beta of 0.93. The company has a fifty day moving average price of $58.98 and a two-hundred day moving average price of $55.55.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm posted $0.64 earnings per share. The business’s revenue was up 21.4% compared to the same quarter last year. Analysts predict that Nasdaq, Inc. will post 2.75 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Wednesday, March 13th. Nasdaq’s dividend payout ratio is currently 41.71%.

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.