Fisher Asset Management LLC Increases Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Fisher Asset Management LLC boosted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 26.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,555 shares of the financial services provider’s stock after purchasing an additional 6,575 shares during the quarter. Fisher Asset Management LLC’s holdings in Nasdaq were worth $1,835,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. 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 valued at $20,828,000 after buying an additional 140,286 shares during the period. Schonfeld Strategic Advisors LLC raised its stake in Nasdaq by 10.9% in the third 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 lifted its holdings in Nasdaq by 6.9% during the third 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 during the period. Braun Stacey Associates Inc. boosted its position in Nasdaq by 29.5% during the 4th quarter. Braun Stacey Associates Inc. now owns 365,494 shares of the financial services provider’s stock valued at $21,250,000 after acquiring an additional 83,227 shares in the last quarter. Finally, Nordea Investment Management AB increased 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 acquiring an additional 40,215 shares during the period. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nasdaq

In related news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 58,341,545 shares of the company’s stock, valued at $3,383,809,610. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the sale, the insider now owns 58,341,545 shares in the company, valued at approximately $3,383,809,610. The transaction was disclosed in a legal 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 that occurred on Monday, April 1st. The stock was sold at an average price of $62.91, for a total transaction of $465,534.00. Following the sale, the executive vice president now directly owns 61,672 shares in the company, valued at approximately $3,879,785.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,010,436 shares of company stock worth $1,798,647,360. Insiders own 0.75% of the company’s stock.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $59.91 on Thursday. Nasdaq, Inc. has a 52 week low of $46.88 and a 52 week high of $64.25. The business’s 50 day moving average price is $60.61 and its 200 day moving average price is $57.07. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.90. The firm has a market cap of $34.46 billion, a P/E ratio of 31.53, a P/E/G ratio of 3.36 and a beta of 0.94.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.63 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.02). The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. The business’s revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 earnings per share. On average, sell-side analysts expect that Nasdaq, Inc. will post 2.69 earnings per share for the current year.

Nasdaq Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.24 per share. This is an increase from Nasdaq’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Friday, June 14th. Nasdaq’s dividend payout ratio (DPR) is currently 50.53%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NDAQ shares. Piper Sandler upped their price objective on Nasdaq from $70.00 to $71.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Citigroup lifted their price objective on shares of Nasdaq from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th. Keefe, Bruyette & Woods decreased their target price on shares of Nasdaq from $75.00 to $74.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. StockNews.com lowered Nasdaq from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Finally, The Goldman Sachs Group raised Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price target for the company in a report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued 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 target price of $65.92.

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.