Vanguard Group Inc. reduced its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ – Free Report) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,319,926 shares of the financial services provider’s stock after selling 336,461 shares during the quarter. Vanguard Group Inc. owned 7.68% of Nasdaq worth $2,153,505,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. Loomis Sayles & Co. L P bought a new position in shares of Nasdaq in the 3rd quarter valued at $26,000. Harbour Investments Inc. raised its stake in Nasdaq by 250.6% during the fourth quarter. Harbour Investments Inc. now owns 547 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 391 shares in the last quarter. Carmel Capital Partners LLC bought a new position in shares of Nasdaq in the third quarter worth about $32,000. Clear Street Markets LLC boosted its stake in shares of Nasdaq by 93.9% in the 1st quarter. Clear Street Markets LLC now owns 665 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 322 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of Nasdaq by 132.1% during the 1st quarter. Covestor Ltd now owns 745 shares of the financial services provider’s stock valued at $133,000 after purchasing an additional 424 shares during the last quarter. Institutional investors own 72.47% of the company’s stock.
Analyst Ratings Changes
A number of analysts have weighed in on the stock. UBS Group raised their target price on shares of Nasdaq from $56.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Oppenheimer increased their target price on Nasdaq from $65.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Piper Sandler boosted their price target on Nasdaq from $70.00 to $71.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. StockNews.com lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Thursday, February 1st. Finally, Rosenblatt Securities reissued a “buy” rating and set a $82.00 target price on shares of Nasdaq in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $62.20.
Nasdaq Stock Up 1.7 %
NASDAQ NDAQ traded up $0.99 on Friday, hitting $59.68. 3,527,425 shares of the company were exchanged, compared to its average volume of 2,581,742. Nasdaq, Inc. has a 12 month low of $46.88 and a 12 month high of $60.72. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.94. The company has a market cap of $34.33 billion, a PE ratio of 28.28, a PEG ratio of 2.70 and a beta of 0.92. The stock has a fifty day moving average of $57.21 and a 200-day moving average of $54.13.
Nasdaq (NASDAQ:NDAQ – Get Free Report) last issued its earnings results on Wednesday, January 31st. The financial services provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the business posted $0.64 EPS. The firm’s revenue for the quarter was up 21.4% compared to the same quarter last year. As a group, analysts forecast that Nasdaq, Inc. will post 2.74 earnings per share for the current year.
Nasdaq Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, March 13th. This represents a $0.88 dividend on an annualized basis and a yield of 1.47%. Nasdaq’s dividend payout ratio (DPR) is presently 41.71%.
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.