Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by Ballentine Partners LLC

Ballentine Partners LLC increased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 34.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,856 shares of the financial services provider’s stock after purchasing an additional 2,517 shares during the period. Ballentine Partners LLC’s holdings in Nasdaq were worth $622,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Schonfeld Strategic Advisors LLC raised its holdings in Nasdaq by 10.9% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 446,910 shares of the financial services provider’s stock valued at $21,715,000 after acquiring an additional 43,910 shares during the last quarter. Kingsview Wealth Management LLC purchased a new stake in Nasdaq during the 4th quarter worth $1,949,000. BNP Paribas Financial Markets boosted its position in Nasdaq by 12.8% during the 4th quarter. BNP Paribas Financial Markets now owns 415,101 shares of the financial services provider’s stock worth $24,134,000 after purchasing an additional 46,957 shares during the period. Braun Stacey Associates Inc. boosted its position in Nasdaq by 29.5% during the 4th quarter. Braun Stacey Associates Inc. now owns 365,494 shares of the financial services provider’s stock worth $21,250,000 after purchasing an additional 83,227 shares during the period. Finally, Nordea Investment Management AB boosted its position in Nasdaq by 1.8% in the 4th quarter. Nordea Investment Management AB now owns 2,326,799 shares of the financial services provider’s stock valued at $135,396,000 after buying an additional 40,215 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Nasdaq news, EVP Bryan Everard Smith sold 3,036 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $59.89, for a total value of $181,826.04. Following the completion of the sale, the executive vice president now owns 58,636 shares in the company, valued at approximately $3,511,710.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

NASDAQ:NDAQ traded up $0.38 during trading hours on Monday, reaching $60.63. 275,711 shares of the company’s stock were exchanged, compared to its average volume of 2,918,166. The company has a market capitalization of $34.87 billion, a P/E ratio of 31.71, a price-to-earnings-growth ratio of 3.21 and a beta of 0.94. Nasdaq, Inc. has a 12 month low of $46.88 and a 12 month high of $64.25. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.90. The business’s 50-day simple moving average is $60.31 and its two-hundred day simple moving average is $58.82.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, April 25th. The financial services provider reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. Nasdaq had a return on equity of 17.00% and a net margin of 15.98%. The company’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 earnings per share. Sell-side analysts expect that Nasdaq, Inc. will post 2.68 EPS for the current fiscal year.

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.24 dividend. This is a positive change from Nasdaq’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.58%. Nasdaq’s dividend payout ratio (DPR) is currently 50.53%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley upgraded shares of Nasdaq from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $59.00 to $80.00 in a research note on Tuesday, April 9th. StockNews.com lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Barclays cut their target price on shares of Nasdaq from $76.00 to $73.00 and set an “overweight” rating on the stock in a research note on Friday, April 26th. Keefe, Bruyette & Woods cut their target price on shares of Nasdaq from $75.00 to $74.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Finally, The Goldman Sachs Group upgraded shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 target price on the stock in a research note on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $67.00.

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.