Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ – Free Report) by 15.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,164 shares of the financial services provider’s stock after acquiring an additional 9,106 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Nasdaq were worth $3,312,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Nasdaq during the fourth quarter worth $235,218,000. BlackRock Inc. boosted its position in Nasdaq by 12.2% in the 2nd quarter. BlackRock Inc. now owns 30,147,422 shares of the financial services provider’s stock valued at $1,502,849,000 after buying an additional 3,276,599 shares during the last quarter. Truist Financial Corp grew its stake in shares of Nasdaq by 1,251.3% during the second quarter. Truist Financial Corp now owns 2,897,161 shares of the financial services provider’s stock valued at $144,423,000 after acquiring an additional 2,682,762 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Nasdaq by 173.0% during the second quarter. The Manufacturers Life Insurance Company now owns 2,000,771 shares of the financial services provider’s stock worth $99,738,000 after acquiring an additional 1,267,895 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Nasdaq in the first quarter worth about $68,961,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.
Nasdaq Stock Performance
NASDAQ NDAQ opened at $56.83 on Tuesday. The firm has a market cap of $32.79 billion, a price-to-earnings ratio of 26.93, a PEG ratio of 2.64 and a beta of 0.94. The company has a current ratio of 1.01, a quick ratio of 1.75 and a debt-to-equity ratio of 0.94. Nasdaq, Inc. has a 1-year low of $46.88 and a 1-year high of $60.72. The company has a 50 day moving average of $56.68 and a 200-day moving average of $53.12.
Nasdaq Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Wednesday, March 13th. Nasdaq’s dividend payout ratio (DPR) is currently 41.71%.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on NDAQ. Rosenblatt Securities reissued a “buy” rating and issued a $82.00 target price on shares of Nasdaq in a research report on Thursday, February 1st. Morgan Stanley boosted their price objective on Nasdaq from $54.00 to $55.00 and gave the company an “equal weight” rating in a report on Thursday, October 19th. Oppenheimer boosted their price target on Nasdaq from $65.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. JPMorgan Chase & Co. raised their price objective on Nasdaq from $62.00 to $63.00 and gave the stock an “overweight” rating in a research note on Thursday, October 19th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $58.00 price target on shares of Nasdaq in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $62.20.
Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Market Platforms, Capital Access Platforms, and Anti-Financial Crime. The Market Platforms segment trading services, including equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and trade management service businesses.
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