Nasdaq, Inc. (NASDAQ:NDAQ) Stake Boosted by Neuberger Berman Group LLC

Neuberger Berman Group LLC increased its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 9.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 785,391 shares of the financial services provider’s stock after purchasing an additional 66,685 shares during the quarter. Neuberger Berman Group LLC’s holdings in Nasdaq were worth $60,719,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of NDAQ. Norges Bank purchased a new position in Nasdaq during the 4th quarter valued at about $424,285,000. Union Bancaire Privee UBP SA bought a new stake in shares of Nasdaq in the 4th quarter valued at approximately $110,867,000. Raymond James Financial Inc. bought a new stake in shares of Nasdaq in the 4th quarter valued at approximately $105,481,000. Franklin Resources Inc. grew its stake in shares of Nasdaq by 13.4% in the 4th quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider’s stock valued at $802,401,000 after buying an additional 1,225,672 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Nasdaq by 40.3% in the 4th quarter. Invesco Ltd. now owns 3,902,214 shares of the financial services provider’s stock valued at $301,680,000 after buying an additional 1,120,538 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NDAQ. Raymond James boosted their target price on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Bank of America boosted their target price on Nasdaq from $103.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, April 2nd. Morgan Stanley lowered Nasdaq from an “overweight” rating to an “equal weight” rating and set a $74.00 target price for the company. in a report on Tuesday. UBS Group boosted their target price on Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $85.88.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the transaction, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bryan Everard Smith sold 657 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $71.81, for a total value of $47,179.17. Following the transaction, the executive vice president now directly owns 61,980 shares of the company’s stock, valued at approximately $4,450,783.80. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,116 shares of company stock valued at $1,434,818. Company insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

Shares of Nasdaq stock opened at $71.99 on Thursday. The company has a market cap of $41.40 billion, a PE ratio of 37.49, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02. Nasdaq, Inc. has a 52 week low of $58.10 and a 52 week high of $84.15. The business has a 50 day moving average price of $77.24 and a 200-day moving average price of $77.45. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81.

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

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.33%. The ex-dividend date was Friday, March 14th. Nasdaq’s dividend payout ratio (DPR) is 50.00%.

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.