Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by DAVENPORT & Co LLC

DAVENPORT & Co LLC raised its position in Nasdaq, Inc. (NASDAQ:NDAQFree Report) by 4.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 95,120 shares of the financial services provider’s stock after buying an additional 4,113 shares during the quarter. DAVENPORT & Co LLC’s holdings in Nasdaq were worth $5,530,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of NDAQ. Canada Pension Plan Investment Board increased its stake in shares of Nasdaq by 48.7% during the third quarter. Canada Pension Plan Investment Board now owns 428,643 shares of the financial services provider’s stock worth $20,828,000 after acquiring an additional 140,286 shares during the period. Schonfeld Strategic Advisors LLC raised its stake in shares of Nasdaq by 10.9% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 446,910 shares of the financial services provider’s stock worth $21,715,000 after buying an additional 43,910 shares in the last quarter. ING Groep NV raised its stake in shares of Nasdaq by 6.9% during the 3rd quarter. ING Groep NV now owns 53,838 shares of the financial services provider’s stock worth $2,616,000 after buying an additional 3,455 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Nasdaq by 1.8% in the 4th quarter. Nordea Investment Management AB now owns 2,326,799 shares of the financial services provider’s stock valued at $135,396,000 after buying an additional 40,215 shares during the period. Finally, State Street Corp boosted its stake in shares of Nasdaq by 2.3% in the second quarter. State Street Corp now owns 14,431,683 shares of the financial services provider’s stock valued at $719,419,000 after buying an additional 321,354 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In other news, EVP Bryan Everard Smith sold 7,400 shares of Nasdaq stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.91, for a total transaction of $465,534.00. Following the completion of the sale, the executive vice president now directly owns 61,672 shares in the company, valued at $3,879,785.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the transaction, the insider now owns 58,341,545 shares of the company’s stock, valued at approximately $3,383,809,610. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Bryan Everard Smith sold 7,400 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the sale, the executive vice president now owns 61,672 shares in the company, valued at approximately $3,879,785.52. The disclosure for this sale can be found here. 0.75% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Piper Sandler raised their target price on Nasdaq from $70.00 to $71.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. UBS Group raised their price objective on shares of Nasdaq from $56.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Rosenblatt Securities restated a “buy” rating and set a $82.00 target price on shares of Nasdaq in a research report on Thursday, February 1st. The Goldman Sachs Group raised shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 target price for the company in a report on Tuesday, March 26th. Finally, Oppenheimer upped their price target on Nasdaq from $65.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $63.70.

Get Our Latest Stock Analysis on NDAQ

Nasdaq Trading Up 0.4 %

Shares of NDAQ opened at $61.58 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.01 and a quick ratio of 1.01. Nasdaq, Inc. has a 1-year low of $46.88 and a 1-year high of $63.52. The stock has a market cap of $35.46 billion, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 2.90 and a beta of 0.93. The firm has a 50 day simple moving average of $58.46 and a 200-day simple moving average of $55.06.

Nasdaq (NASDAQ:NDAQGet Free Report) last announced its earnings results on Wednesday, January 31st. The financial services provider reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the firm earned $0.64 EPS. Nasdaq’s quarterly revenue was up 21.4% on a year-over-year basis. Equities analysts forecast that Nasdaq, Inc. will post 2.74 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Wednesday, March 13th. Nasdaq’s payout ratio is 41.71%.

Nasdaq Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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