Mufg Securities Americas Inc. Has $819,000 Stock Position in Nasdaq, Inc. $NDAQ

Mufg Securities Americas Inc. raised its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 25.1% during the 2nd quarter, Holdings Channel reports. The fund owned 9,161 shares of the financial services provider’s stock after acquiring an additional 1,836 shares during the period. Mufg Securities Americas Inc.’s holdings in Nasdaq were worth $819,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Evelyn Partners Investment Management Services Ltd grew its position in shares of Nasdaq by 51,805.7% in the second quarter. Evelyn Partners Investment Management Services Ltd now owns 54,501 shares of the financial services provider’s stock valued at $5,226,000 after purchasing an additional 54,396 shares during the last quarter. Evelyn Partners Investment Management LLP lifted its holdings in Nasdaq by 2,663.0% during the 2nd quarter. Evelyn Partners Investment Management LLP now owns 297,019 shares of the financial services provider’s stock worth $28,267,000 after purchasing an additional 286,269 shares during the last quarter. Evelyn Partners Asset Management Ltd boosted its stake in Nasdaq by 268.6% in the 2nd quarter. Evelyn Partners Asset Management Ltd now owns 387 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 282 shares during the period. AXQ Capital LP acquired a new position in Nasdaq in the 2nd quarter valued at $542,000. Finally, MAI Capital Management grew its holdings in Nasdaq by 2.3% in the 2nd quarter. MAI Capital Management now owns 21,538 shares of the financial services provider’s stock valued at $1,926,000 after buying an additional 474 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Insiders Place Their Bets

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $85.40, for a total transaction of $179,767.00. Following the sale, the executive vice president owned 84,974 shares of the company’s stock, valued at approximately $7,256,779.60. The trade was a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is owned by corporate insiders.

Nasdaq Price Performance

NDAQ stock opened at $87.66 on Monday. The company’s 50-day moving average price is $88.14 and its two-hundred day moving average price is $89.05. The firm has a market cap of $50.05 billion, a P/E ratio of 31.31, a P/E/G ratio of 1.79 and a beta of 0.98. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.72. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $97.63.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 EPS. On average, analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, December 5th. Nasdaq’s dividend payout ratio (DPR) is presently 38.57%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Raymond James Financial reissued an “outperform” rating and issued a $100.00 target price (up previously from $99.00) on shares of Nasdaq in a research report on Monday, October 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Nasdaq in a research note on Tuesday, October 14th. Piper Sandler increased their target price on shares of Nasdaq from $97.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. TD Cowen raised their target price on shares of Nasdaq from $94.00 to $96.00 and gave the stock a “hold” rating in a report on Wednesday, October 22nd. Finally, Morgan Stanley upgraded Nasdaq from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $97.00 to $110.00 in a research note on Thursday. Fifteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $101.00.

Nasdaq 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.