Canada Pension Plan Investment Board Acquires 101,775 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Canada Pension Plan Investment Board grew its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 93.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 210,549 shares of the financial services provider’s stock after buying an additional 101,775 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Nasdaq were worth $16,278,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in NDAQ. Norges Bank bought a new position in Nasdaq during the 4th quarter worth about $424,285,000. Union Bancaire Privee UBP SA bought a new position in shares of Nasdaq during the fourth quarter worth about $110,867,000. Raymond James Financial Inc. acquired a new stake in Nasdaq in the 4th quarter valued at approximately $105,481,000. Franklin Resources Inc. lifted its stake in 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 acquiring an additional 1,225,672 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Nasdaq by 40.3% during the 4th quarter. Invesco Ltd. now owns 3,902,214 shares of the financial services provider’s stock worth $301,680,000 after acquiring an additional 1,120,538 shares during the last quarter. Institutional investors own 72.47% of the company’s stock.

Analyst Ratings Changes

NDAQ has been the topic of a number of research reports. Piper Sandler boosted their price objective on shares of Nasdaq from $80.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their price target for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. UBS Group raised their price objective on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Friday. Finally, Redburn Atlantic upgraded Nasdaq from a “neutral” rating to a “buy” rating and set a $91.00 price target for the company in a research note on Thursday. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $85.88.

Nasdaq Trading Up 0.7 %

Shares of NASDAQ:NDAQ opened at $72.18 on Monday. The stock has a market cap of $41.51 billion, a PE ratio of 37.59, a P/E/G ratio of 2.12 and a beta of 1.02. 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, Inc. has a 12-month low of $58.10 and a 12-month high of $84.15. The business has a 50 day moving average of $75.82 and a 200-day moving average of $77.44.

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

Nasdaq Dividend Announcement

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

Insider Buying and Selling 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 value 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 filing with the SEC, which is accessible through this link. Also, EVP Bryan Everard Smith sold 657 shares of the firm’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $71.81, for a total value of $47,179.17. Following the transaction, the executive vice president now owns 61,980 shares in the company, valued at approximately $4,450,783.80. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,116 shares of company stock valued at $1,434,818 in the last quarter. Company insiders own 0.70% of the company’s stock.

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.