Metis Global Partners LLC Has $2.62 Million Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Metis Global Partners LLC increased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 22.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 33,835 shares of the financial services provider’s stock after acquiring an additional 6,282 shares during the quarter. Metis Global Partners LLC’s holdings in Nasdaq were worth $2,616,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in NDAQ. Private Advisor Group LLC raised its stake in Nasdaq by 7.9% during the 3rd quarter. Private Advisor Group LLC now owns 10,860 shares of the financial services provider’s stock worth $793,000 after buying an additional 795 shares during the period. abrdn plc raised its stake in Nasdaq by 23.6% during the 3rd quarter. abrdn plc now owns 169,272 shares of the financial services provider’s stock worth $12,313,000 after buying an additional 32,370 shares during the period. First Trust Direct Indexing L.P. raised its stake in Nasdaq by 25.0% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 13,187 shares of the financial services provider’s stock worth $963,000 after buying an additional 2,640 shares during the period. SteelPeak Wealth LLC acquired a new stake in Nasdaq during the 3rd quarter worth $257,000. Finally, Cigna Investments Inc. New raised its stake in Nasdaq by 7.2% during the 3rd quarter. Cigna Investments Inc. New now owns 4,292 shares of the financial services provider’s stock worth $313,000 after buying an additional 290 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Trading Up 2.5 %

Nasdaq stock opened at $82.78 on Friday. Nasdaq, Inc. has a 52 week low of $55.51 and a 52 week high of $84.15. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The stock has a market capitalization of $47.61 billion, a P/E ratio of 43.11, a PEG ratio of 2.12 and a beta of 0.99. The stock has a 50-day simple moving average of $79.84 and a 200 day simple moving average of $76.93.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping 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%. Analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s payout ratio is currently 50.00%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NDAQ. Argus raised their price objective on Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. UBS Group lifted their price target on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Keefe, Bruyette & Woods lifted their price target on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and lifted their price target for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. Finally, Oppenheimer lifted their price target on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $86.88.

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the transaction, the executive vice president now owns 55,576 shares in the company, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

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.