Nasdaq, Inc. (NASDAQ:NDAQ) Holdings Raised by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co raised its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 7.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 40,832 shares of the financial services provider’s stock after buying an additional 2,663 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Nasdaq were worth $3,157,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Nasdaq by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 52,576,413 shares of the financial services provider’s stock valued at $4,064,682,000 after purchasing an additional 376,893 shares during the period. Wellington Management Group LLP grew its stake in Nasdaq by 163.3% in the third 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. State Street Corp increased its holdings in Nasdaq by 11.2% in the third quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock worth $1,310,653,000 after buying an additional 1,811,616 shares during the last quarter. Geode Capital Management LLC raised its position in Nasdaq by 9.5% during the third quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider’s stock valued at $783,181,000 after acquiring an additional 932,665 shares in the last quarter. Finally, Harris Associates L P grew its position in Nasdaq by 14.6% in the third quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock worth $627,596,000 after acquiring an additional 1,096,090 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Activity

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the transaction, the executive vice president now directly owns 59,694 shares in the company, valued at $4,398,253.92. This represents a 20.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the sale, the executive vice president now directly owns 55,576 shares in the company, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NDAQ. Raymond James increased their price objective on Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. JPMorgan Chase & Co. raised their price target on Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a “hold” rating to a “buy” rating and increased their target price for the stock from $80.00 to $98.00 in a research note on Wednesday, January 8th. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods lifted their price target on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Nasdaq presently has an average rating of “Moderate Buy” and an average price target of $86.88.

Nasdaq Trading Down 1.9 %

Shares of Nasdaq stock opened at $74.91 on Friday. The firm has a market cap of $43.08 billion, a PE ratio of 39.02, a P/E/G ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a 1 year low of $58.10 and a 1 year high of $84.15. 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 stock has a fifty day moving average price of $79.12 and a 200-day moving average price of $77.55.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Equities research analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Friday, March 14th. Nasdaq’s payout ratio is currently 50.00%.

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.