Nasdaq, Inc. (NASDAQ:NDAQ) Stake Boosted by Greenleaf Trust

Greenleaf Trust increased its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,663 shares of the financial services provider’s stock after purchasing an additional 214 shares during the period. Greenleaf Trust’s holdings in Nasdaq were worth $902,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP increased its position in Nasdaq by 163.3% in the third quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock worth $2,835,235,000 after buying an additional 24,084,154 shares during the period. Mizuho Securities USA LLC increased its holdings in shares of Nasdaq by 13,532.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock worth $292,040,000 after acquiring an additional 3,970,658 shares during the period. State Street Corp lifted its position in Nasdaq by 11.2% in the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock valued at $1,310,653,000 after purchasing an additional 1,811,616 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Nasdaq during the fourth quarter worth approximately $110,867,000. Finally, Harris Associates L P boosted its position in Nasdaq by 14.6% during the 3rd quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock worth $627,596,000 after acquiring an additional 1,096,090 shares during the period. Institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In other news, EVP Jeremy Skule sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total value of $935,040.00. Following the sale, the executive vice president now directly owns 114,580 shares of the company’s stock, valued at approximately $8,928,073.60. This trade represents a 9.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Pc Nelson Griggs sold 5,742 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total value of $444,086.28. Following the transaction, the insider now directly owns 205,821 shares of the company’s stock, valued at $15,918,196.14. This represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,817 shares of company stock worth $2,330,033 over the last 90 days. Insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. William Blair began coverage on shares of Nasdaq in a research note on Monday, November 25th. They issued an “outperform” rating for the company. Keefe, Bruyette & Woods lifted their price target on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Morgan Stanley upped their price target 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. Citigroup boosted their target price on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Finally, Piper Sandler raised their target price on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $86.88.

Nasdaq Stock Performance

Shares of NDAQ opened at $81.92 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a 12 month low of $54.90 and a 12 month high of $83.77. The company’s fifty day moving average is $79.56 and its 200-day moving average is $74.99. The firm has a market cap of $47.08 billion, a price-to-earnings ratio of 42.67, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Equities analysts expect that Nasdaq, Inc. will post 3.17 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.17%. Nasdaq’s payout ratio is currently 50.00%.

About Nasdaq

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.