Nasdaq, Inc. $NDAQ Stock Holdings Boosted by Mariner LLC

Mariner LLC grew its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 5.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,804,678 shares of the financial services provider’s stock after purchasing an additional 138,633 shares during the quarter. Mariner LLC owned 0.49% of Nasdaq worth $248,080,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of NDAQ. Empowered Funds LLC raised its position in Nasdaq by 3.8% in the first quarter. Empowered Funds LLC now owns 14,574 shares of the financial services provider’s stock worth $1,106,000 after acquiring an additional 538 shares in the last quarter. Woodline Partners LP boosted its position in shares of Nasdaq by 40.7% during the 1st quarter. Woodline Partners LP now owns 34,962 shares of the financial services provider’s stock valued at $2,652,000 after purchasing an additional 10,110 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Nasdaq by 22.0% in the 1st quarter. Focus Partners Wealth now owns 14,351 shares of the financial services provider’s stock worth $1,089,000 after purchasing an additional 2,584 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Nasdaq by 345.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 463 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Nasdaq by 75.8% in the 2nd quarter. Allworth Financial LP now owns 2,041 shares of the financial services provider’s stock worth $182,000 after purchasing an additional 880 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Performance

Shares of Nasdaq stock opened at $85.85 on Tuesday. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $101.79. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.70. The stock has a market cap of $48.80 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 1.57 and a beta of 1.04. The business has a fifty day simple moving average of $90.38 and a 200-day simple moving average of $90.62.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. Nasdaq had a return on equity of 16.90% and a net margin of 21.77%.The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the firm earned $0.76 earnings per share. Nasdaq’s quarterly revenue was up 13.4% on a year-over-year basis. On average, sell-side analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, March 16th. Nasdaq’s dividend payout ratio is 34.95%.

Insider Buying and Selling

In other Nasdaq news, CEO Adena T. Friedman sold 92,840 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $90.08, for a total value of $8,363,027.20. Following the transaction, the chief executive officer owned 2,079,323 shares in the company, valued at approximately $187,305,415.84. This represents a 4.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Zecca sold 4,500 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $100.01, for a total transaction of $450,045.00. Following the completion of the sale, the executive vice president owned 125,674 shares of the company’s stock, valued at approximately $12,568,656.74. The trade was a 3.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 697,340 shares of company stock valued at $66,803,072 over the last three months. 0.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NDAQ shares. UBS Group restated a “buy” rating and set a $120.00 target price (up from $115.00) on shares of Nasdaq in a report on Monday, January 12th. TD Cowen raised Nasdaq from a “hold” rating to a “buy” rating and upped their price target for the company from $105.00 to $106.00 in a report on Thursday, February 26th. Royal Bank Of Canada reiterated an “outperform” rating and set a $108.00 price objective on shares of Nasdaq in a research report on Friday, January 30th. Raymond James Financial reissued an “outperform” rating and set a $109.00 price objective on shares of Nasdaq in a research note on Wednesday, February 25th. Finally, JPMorgan Chase & Co. lifted their target price on Nasdaq from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $103.80.

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.