State of New Jersey Common Pension Fund D Cuts Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

State of New Jersey Common Pension Fund D reduced its holdings in Nasdaq, Inc. (NASDAQ:NDAQFree Report) by 3.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,809 shares of the financial services provider’s stock after selling 6,975 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Nasdaq were worth $9,174,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in NDAQ. Carmel Capital Partners LLC purchased a new position in shares of Nasdaq in the third quarter worth approximately $32,000. Harbour Investments Inc. grew its position in Nasdaq by 250.6% during the fourth quarter. Harbour Investments Inc. now owns 547 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 391 shares in the last quarter. Clear Street Markets LLC grew its position in Nasdaq by 93.9% during the first quarter. Clear Street Markets LLC now owns 665 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 322 shares in the last quarter. RVW Wealth LLC purchased a new position in Nasdaq during the third quarter valued at approximately $44,000. Finally, MUFG Americas Holdings Corp grew its position in Nasdaq by 121.3% in the third quarter. MUFG Americas Holdings Corp now owns 1,215 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 666 shares in the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on NDAQ. JPMorgan Chase & Co. boosted their target price on shares of Nasdaq from $62.00 to $63.00 and gave the stock an “overweight” rating in a research report on Thursday, October 19th. Piper Sandler boosted their target price on shares of Nasdaq from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Rosenblatt Securities restated a “buy” rating and issued a $82.00 price objective on shares of Nasdaq in a research note on Thursday, February 1st. StockNews.com cut shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Thursday, February 1st. Finally, Citigroup boosted their price objective on shares of Nasdaq from $56.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, January 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Nasdaq currently has an average rating of “Hold” and a consensus target price of $62.20.

View Our Latest Analysis on NDAQ

Nasdaq Stock Up 0.9 %

NDAQ opened at $57.25 on Monday. The firm’s 50-day simple moving average is $56.67 and its 200-day simple moving average is $53.08. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.75 and a current ratio of 1.01. Nasdaq, Inc. has a twelve month low of $46.88 and a twelve month high of $60.72. The firm has a market cap of $33.03 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 2.64 and a beta of 0.94.

Nasdaq (NASDAQ:NDAQGet Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the firm earned $0.64 EPS. The company’s revenue was up 21.4% on a year-over-year basis. Equities research analysts anticipate that Nasdaq, Inc. will post 2.72 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Wednesday, March 13th. Nasdaq’s dividend payout ratio (DPR) is presently 41.71%.

Nasdaq Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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