Dai ichi Life Insurance Company Ltd Invests $2.11 Million in Nasdaq, Inc. (NASDAQ:NDAQ)

Dai ichi Life Insurance Company Ltd purchased a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 28,845 shares of the financial services provider’s stock, valued at approximately $2,106,000.

Other large investors also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC lifted its stake in shares of Nasdaq by 13,532.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock valued at $292,040,000 after purchasing an additional 3,970,658 shares during the last quarter. Farallon Capital Management LLC boosted its stake in Nasdaq by 28.4% during the first quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock worth $532,357,000 after buying an additional 1,866,219 shares during the period. Principal Financial Group Inc. increased its position in Nasdaq by 67.6% during the second quarter. Principal Financial Group Inc. now owns 2,022,546 shares of the financial services provider’s stock valued at $121,879,000 after acquiring an additional 815,946 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Nasdaq by 435.6% in the second quarter. National Bank of Canada FI now owns 645,359 shares of the financial services provider’s stock valued at $38,386,000 after acquiring an additional 524,874 shares during the period. Finally, Shapiro Capital Management LLC lifted its holdings in shares of Nasdaq by 34.4% in the 2nd quarter. Shapiro Capital Management LLC now owns 1,887,199 shares of the financial services provider’s stock worth $113,723,000 after acquiring an additional 483,361 shares during the last quarter. 72.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on NDAQ. Deutsche Bank Aktiengesellschaft upped their price target on shares of Nasdaq from $78.00 to $80.00 and gave the company a “hold” rating in a report on Monday, November 11th. Oppenheimer upped their target price on Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Morgan Stanley raised their price target on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. William Blair began coverage on Nasdaq in a research report on Monday. They issued an “outperform” rating on the stock. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $88.00 target price on shares of Nasdaq in a research report on Tuesday, November 19th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.87.

Nasdaq Stock Performance

Shares of NASDAQ:NDAQ opened at $83.05 on Thursday. The firm has a 50 day moving average of $75.47 and a 200 day moving average of $68.46. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $47.73 billion, a price-to-earnings ratio of 49.73, a price-to-earnings-growth ratio of 3.17 and a beta of 0.95. Nasdaq, Inc. has a 52 week low of $53.62 and a 52 week high of $83.50.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the company posted $0.71 EPS. The business’s revenue for the quarter was up 21.9% compared to the same quarter last year. On average, sell-side analysts predict that Nasdaq, Inc. will post 2.79 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s payout ratio is 57.49%.

Insider Activity

In other news, insider Pc Nelson Griggs sold 6,000 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.71, for a total transaction of $454,260.00. Following the completion of the sale, the insider now owns 215,563 shares in the company, valued at approximately $16,320,274.73. This represents a 2.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Bradley J. Peterson sold 13,642 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.32, for a total value of $1,027,515.44. Following the transaction, the executive vice president now owns 142,830 shares in the company, valued at approximately $10,757,955.60. This trade represents a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,459 shares of company stock worth $3,811,808. Corporate insiders own 0.70% of the company’s stock.

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.