UniSuper Management Pty Ltd Boosts Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

UniSuper Management Pty Ltd grew its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 21.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,095 shares of the financial services provider’s stock after purchasing an additional 6,860 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Nasdaq were worth $3,022,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Rakuten Securities Inc. purchased a new position in Nasdaq during the 4th quarter worth $26,000. Founders Capital Management purchased a new stake in Nasdaq in the fourth quarter valued at about $27,000. Kestra Investment Management LLC acquired a new stake in Nasdaq in the fourth quarter worth about $33,000. Raleigh Capital Management Inc. grew its stake in shares of Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 225 shares during the last quarter. Finally, TCTC Holdings LLC acquired a new position in shares of Nasdaq during the fourth quarter valued at about $41,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the transaction, the executive vice president now directly owns 59,694 shares in the company, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the transaction, the executive vice president now directly owns 55,576 shares in the company, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Keefe, Bruyette & Woods lifted their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Barclays cut their target price on Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating and issued a $95.00 target price on shares of Nasdaq in a research note on Thursday, January 30th. Finally, Oppenheimer increased their price objective on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.88.

Nasdaq Stock Down 1.9 %

NDAQ stock opened at $74.91 on Friday. Nasdaq, Inc. has a one year low of $58.10 and a one year high of $84.15. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The firm’s fifty day moving average is $79.12 and its 200 day moving average is $77.59. The firm has a market cap of $43.08 billion, a PE ratio of 39.02, a P/E/G ratio of 2.12 and a beta of 0.96.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. On average, research analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Friday, March 14th. Nasdaq’s dividend payout ratio (DPR) is presently 50.00%.

Nasdaq Company 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.