Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by New World Advisors LLC

New World Advisors LLC raised its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 12.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,539 shares of the financial services provider’s stock after buying an additional 504 shares during the period. New World Advisors LLC’s holdings in Nasdaq were worth $344,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Crestwood Advisors Group LLC increased its stake in Nasdaq by 4.1% in the 4th quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 152 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC grew its holdings in Nasdaq by 1.0% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,303 shares of the financial services provider’s stock valued at $1,260,000 after purchasing an additional 157 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of Nasdaq by 4.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 4,103 shares of the financial services provider’s stock valued at $317,000 after buying an additional 164 shares in the last quarter. Wesbanco Bank Inc. raised its stake in shares of Nasdaq by 7.1% during the 1st quarter. Wesbanco Bank Inc. now owns 2,829 shares of the financial services provider’s stock worth $215,000 after buying an additional 187 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Nasdaq by 10.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,048 shares of the financial services provider’s stock worth $159,000 after buying an additional 192 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Stock Down 0.1%

Shares of NASDAQ:NDAQ opened at $88.05 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.77. The firm has a market cap of $50.55 billion, a price-to-earnings ratio of 40.02, a PEG ratio of 2.27 and a beta of 1.00. The stock’s 50-day moving average price is $81.21 and its two-hundred day moving average price is $78.90. Nasdaq, Inc. has a 12-month low of $59.44 and a 12-month high of $88.78.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. Nasdaq had a net margin of 16.36% and a return on equity of 15.38%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the firm posted $0.63 EPS. The company’s revenue was up 10.7% on a year-over-year basis. On average, research analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Friday, June 13th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.24. Nasdaq’s dividend payout ratio (DPR) is 49.09%.

Analysts Set New Price Targets

Several equities analysts have weighed in on NDAQ shares. Bank of America raised their target price on shares of Nasdaq from $103.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, April 2nd. UBS Group reissued a “cautious” rating on shares of Nasdaq in a research note on Monday, April 28th. Keefe, Bruyette & Woods lifted their price objective on Nasdaq from $87.00 to $88.00 and gave the stock an “outperform” rating in a research report on Friday, April 25th. Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Friday, April 18th. Finally, Barclays dropped their price target on Nasdaq from $86.00 to $84.00 and set an “overweight” rating for the company in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.19.

Insider Activity

In other news, EVP Bryan Everard Smith sold 657 shares of Nasdaq stock in a transaction dated 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 directly owns 61,980 shares of the company’s stock, valued at $4,450,783.80. The trade was a 1.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Pc Nelson Griggs sold 8,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total transaction of $664,240.00. Following the sale, the insider now directly owns 211,405 shares of the company’s stock, valued at approximately $17,552,957.15. This trade represents a 3.65% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

About Nasdaq

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.