Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by Advisors Capital Management LLC

Advisors Capital Management LLC grew its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 26.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,766 shares of the financial services provider’s stock after acquiring an additional 776 shares during the quarter. Advisors Capital Management LLC’s holdings in Nasdaq were worth $291,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NDAQ. XTX Topco Ltd purchased a new stake in Nasdaq during the 3rd quarter worth approximately $208,000. MML Investors Services LLC grew its holdings in shares of Nasdaq by 34.4% during the third quarter. MML Investors Services LLC now owns 5,843 shares of the financial services provider’s stock valued at $427,000 after buying an additional 1,494 shares during the last quarter. Barclays PLC increased its position in shares of Nasdaq by 48.9% in the 3rd quarter. Barclays PLC now owns 1,524,795 shares of the financial services provider’s stock valued at $111,325,000 after acquiring an additional 500,418 shares during the period. Virtu Financial LLC purchased a new position in Nasdaq in the 3rd quarter worth $209,000. Finally, Anchor Investment Management LLC lifted its position in Nasdaq by 109.9% during the 3rd quarter. Anchor Investment Management LLC now owns 3,148 shares of the financial services provider’s stock worth $230,000 after acquiring an additional 1,648 shares during the period. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. UBS Group raised their price target on shares of Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Raymond James upped their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Royal Bank of Canada reissued an “outperform” rating and set a $95.00 target price on shares of Nasdaq in a report on Thursday, April 10th. Finally, Barclays lowered their price target on shares of Nasdaq from $87.00 to $86.00 and set an “overweight” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Nasdaq has a consensus rating of “Moderate Buy” and a consensus price target of $85.56.

Nasdaq Stock Up 0.5 %

Nasdaq stock opened at $73.17 on Wednesday. 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 market capitalization of $42.08 billion, a PE ratio of 38.11, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02. The business has a 50 day simple moving average of $76.39 and a 200-day simple moving average of $77.43. Nasdaq, Inc. has a 12 month low of $58.10 and a 12 month high of $84.15.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results 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, analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.31%. Nasdaq’s dividend payout ratio (DPR) is presently 50.00%.

Insider Activity at Nasdaq

In related news, EVP Sarah Youngwood sold 14,959 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 59,694 shares in the company, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. The trade was a 5.92 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,116 shares of company stock valued at $1,434,818. 0.70% of the stock is owned by corporate insiders.

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.