Capital International Inc. CA Buys 15,357 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Capital International Inc. CA grew its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 39.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 53,860 shares of the financial services provider’s stock after buying an additional 15,357 shares during the quarter. Capital International Inc. CA’s holdings in Nasdaq were worth $4,164,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NDAQ. Rakuten Securities Inc. bought a new stake in Nasdaq during the 4th quarter worth $26,000. Founders Capital Management acquired a new position in shares of Nasdaq in the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC bought a new position in Nasdaq in the 4th quarter valued at approximately $33,000. Raleigh Capital Management Inc. boosted its position in Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after buying an additional 225 shares during the period. Finally, TCTC Holdings LLC bought a new stake in Nasdaq during the 4th quarter worth approximately $41,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 657 shares of the company’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the completion of the sale, the executive vice president now owns 61,980 shares in the company, valued at approximately $4,450,783.80. This represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Sarah Youngwood sold 14,959 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were 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 owns 59,694 shares in the company, valued at approximately $4,398,253.92. This trade represents a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,116 shares of company stock worth $1,434,818 in the last quarter. Insiders own 0.70% of the company’s stock.

Nasdaq Stock Up 0.7 %

Shares of NASDAQ:NDAQ opened at $72.18 on Monday. The firm has a market cap of $41.51 billion, a P/E ratio of 37.59, a PEG 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’s 50 day simple moving average is $75.82 and its two-hundred day simple moving average is $77.44. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly 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 net margin of 15.10% and a return on equity of 14.82%. As a group, research analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Friday, March 14th. Nasdaq’s payout ratio is presently 50.00%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Raymond James lifted their price target on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Piper Sandler upped their price target on Nasdaq from $80.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, April 8th. Citigroup reduced their target price on Nasdaq from $84.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Oppenheimer dropped their price target on shares of Nasdaq from $89.00 to $85.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Finally, UBS Group increased their price objective 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. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $85.88.

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.