Nisa Investment Advisors LLC Has $12.29 Million Stock Holdings in Nasdaq, Inc. $NDAQ

Nisa Investment Advisors LLC lifted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 126,488 shares of the financial services provider’s stock after purchasing an additional 5,955 shares during the period. Nisa Investment Advisors LLC’s holdings in Nasdaq were worth $12,286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in NDAQ. Mirae Asset Global Investments Co. Ltd. raised its position in Nasdaq by 41.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 77,090 shares of the financial services provider’s stock worth $6,819,000 after purchasing an additional 22,685 shares during the last quarter. National Pension Service grew its position in shares of Nasdaq by 3.3% in the 3rd quarter. National Pension Service now owns 605,551 shares of the financial services provider’s stock valued at $53,561,000 after buying an additional 19,078 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Nasdaq by 6.9% in the third quarter. Vanguard Group Inc. now owns 59,648,406 shares of the financial services provider’s stock valued at $5,275,902,000 after buying an additional 3,848,406 shares during the period. Cibc World Market Inc. increased its stake in shares of Nasdaq by 162.1% in the third quarter. Cibc World Market Inc. now owns 25,447 shares of the financial services provider’s stock valued at $2,251,000 after buying an additional 15,739 shares during the period. Finally, Swedbank AB raised its position in shares of Nasdaq by 74.4% during the third quarter. Swedbank AB now owns 82,068 shares of the financial services provider’s stock worth $7,259,000 after acquiring an additional 35,015 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Up 0.3%

Shares of Nasdaq stock opened at $85.15 on Thursday. Nasdaq, Inc. has a one year low of $64.84 and a one year high of $101.79. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01. The stock’s 50-day moving average is $86.82 and its 200 day moving average is $89.84. The firm has a market cap of $48.40 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 1.56 and a beta of 1.02.

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

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 16th were paid a $0.27 dividend. The ex-dividend date was Monday, March 16th. This represents a $1.08 annualized dividend and a dividend yield of 1.3%. Nasdaq’s payout ratio is currently 34.95%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NDAQ shares. TD Cowen raised Nasdaq from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $105.00 to $106.00 in a research note on Thursday, February 26th. Argus raised shares of Nasdaq to a “strong-buy” rating in a research report on Wednesday, February 11th. Morgan Stanley set a $116.00 price target on shares of Nasdaq and gave the stock an “overweight” rating in a report on Friday, January 30th. Raymond James Financial restated an “outperform” rating and issued a $109.00 price target on shares of Nasdaq in a research report on Wednesday, February 25th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $108.00 price objective on shares of Nasdaq in a research note on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $103.71.

Insiders Place Their Bets

In other Nasdaq news, CEO Adena T. Friedman sold 300,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $96.91, for a total value of $29,073,000.00. Following the completion of the sale, the chief executive officer directly owned 1,924,903 shares in the company, valued at approximately $186,542,349.73. This trade represents a 13.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John Zecca sold 4,500 shares of Nasdaq stock in a transaction on Tuesday, January 6th. The shares were 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 directly owned 125,674 shares of the company’s stock, valued at approximately $12,568,656.74. This trade represents a 3.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 697,340 shares of company stock worth $66,803,072 in the last quarter. 0.70% of the stock is owned by corporate insiders.

Nasdaq Profile

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.