CIBC Asset Management Inc Purchases 8,114 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

CIBC Asset Management Inc increased its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 14.3% in the third quarter, Holdings Channel.com reports. The fund owned 64,872 shares of the financial services provider’s stock after acquiring an additional 8,114 shares during the quarter. CIBC Asset Management Inc’s holdings in Nasdaq were worth $4,736,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NDAQ. Blair William & Co. IL boosted its position in shares of Nasdaq by 55.8% in the first quarter. Blair William & Co. IL now owns 27,622 shares of the financial services provider’s stock valued at $1,743,000 after acquiring an additional 9,894 shares during the period. Vanguard Group Inc. boosted its position in shares of Nasdaq by 7.0% in the first quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock valued at $3,043,936,000 after acquiring an additional 3,173,981 shares during the period. Acadian Asset Management LLC boosted its position in shares of Nasdaq by 11.0% in the first quarter. Acadian Asset Management LLC now owns 103,302 shares of the financial services provider’s stock valued at $6,516,000 after acquiring an additional 10,266 shares during the period. Ameritas Investment Partners Inc. lifted its position in Nasdaq by 1.1% during the first quarter. Ameritas Investment Partners Inc. now owns 28,186 shares of the financial services provider’s stock valued at $1,779,000 after purchasing an additional 320 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in Nasdaq by 7.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 25,828 shares of the financial services provider’s stock valued at $1,630,000 after purchasing an additional 1,847 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $78.76 on Monday. Nasdaq, Inc. has a 12 month low of $53.36 and a 12 month high of $80.77. The stock has a market cap of $45.27 billion, a PE ratio of 47.16, a price-to-earnings-growth ratio of 3.07 and a beta of 0.95. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. The company’s fifty day moving average price is $74.28 and its 200-day moving average price is $67.46.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the business posted $0.71 EPS. The company’s quarterly revenue was up 21.9% on a year-over-year basis. On average, equities analysts expect that Nasdaq, Inc. will post 2.78 EPS for the current fiscal year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s payout ratio is 57.49%.

Analyst Ratings Changes

Several equities research analysts have issued reports on NDAQ shares. Oppenheimer lifted their target price on shares of Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Royal Bank of Canada reiterated an “outperform” rating and set a $88.00 target price on shares of Nasdaq in a research report on Friday, October 25th. Morgan Stanley lifted their target price on shares of Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods lifted their target price on shares of Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, UBS Group lifted their target price on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.87.

Insider Buying and Selling

In related news, EVP Jeremy Skule sold 12,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total value of $935,040.00. Following the transaction, the executive vice president now owns 114,580 shares in the company, valued at $8,928,073.60. The trade was a 9.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the transaction, the executive vice president now owns 142,830 shares in the company, valued at approximately $10,757,955.60. The trade was a 8.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,384 shares of company stock worth $2,860,902 in the last quarter. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Company Profile

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.