Cumberland Partners Ltd Increases Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Cumberland Partners Ltd increased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 19.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 169,995 shares of the financial services provider’s stock after acquiring an additional 27,551 shares during the quarter. Cumberland Partners Ltd’s holdings in Nasdaq were worth $13,142,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in shares of Nasdaq by 163.3% during the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock valued at $2,835,235,000 after purchasing an additional 24,084,154 shares in the last quarter. Mizuho Securities USA LLC grew its position in shares of Nasdaq by 13,532.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock worth $292,040,000 after buying an additional 3,970,658 shares during the period. State Street Corp increased its stake in shares of Nasdaq by 11.2% in the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock worth $1,310,653,000 after acquiring an additional 1,811,616 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in Nasdaq during the 4th quarter valued at about $110,867,000. Finally, Harris Associates L P increased its stake in shares of Nasdaq by 14.6% during the third quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock valued at $627,596,000 after purchasing an additional 1,096,090 shares in the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Nasdaq Trading Up 1.7 %

Shares of NDAQ opened at $82.59 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The firm has a market capitalization of $47.47 billion, a price-to-earnings ratio of 43.02, a PEG ratio of 2.08 and a beta of 0.99. The company has a 50-day moving average of $79.58 and a 200 day moving average of $76.26. Nasdaq, Inc. has a 1-year low of $54.90 and a 1-year high of $84.15.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. On average, research analysts expect that Nasdaq, Inc. will post 3.17 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.16%. Nasdaq’s payout ratio is 50.00%.

Insider Activity at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the transaction, the executive vice president now owns 55,576 shares of the company’s stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NDAQ. Oppenheimer lifted their price target on Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Royal Bank of Canada reissued an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a research report on Thursday, January 30th. Argus boosted their target price on Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. William Blair initiated coverage on shares of Nasdaq in a research note on Monday, November 25th. They issued an “outperform” rating for the company. Finally, JPMorgan Chase & Co. lifted their target price on shares of Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $86.88.

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.