Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC lifted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 71.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,956 shares of the financial services provider’s stock after acquiring an additional 7,065 shares during the period. Motley Fool Asset Management LLC’s holdings in Nasdaq were worth $986,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P purchased a new position in shares of Nasdaq during the third quarter valued at approximately $26,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Nasdaq during the fourth quarter worth $29,000. Carmel Capital Partners LLC purchased a new stake in shares of Nasdaq in the third quarter valued at $32,000. Allworth Financial LP increased its stake in Nasdaq by 74.9% in the fourth quarter. Allworth Financial LP now owns 815 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 349 shares during the last quarter. Finally, Lindbrook Capital LLC increased its stake in Nasdaq by 158.5% in the fourth quarter. Lindbrook Capital LLC now owns 902 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 553 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. UBS Group upped their price target on shares of Nasdaq from $56.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Keefe, Bruyette & Woods decreased their price target on shares of Nasdaq from $75.00 to $74.00 and set an “outperform” rating on the stock in a report on Friday. Barclays dropped their price objective on Nasdaq from $76.00 to $73.00 and set an “overweight” rating for the company in a report on Friday. Finally, The Goldman Sachs Group upgraded Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 target price on the stock in a report on Tuesday, March 26th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $66.92.

Nasdaq Stock Down 0.3 %

Shares of NDAQ stock traded down $0.17 during mid-day trading on Friday, reaching $60.12. 4,792,085 shares of the company were exchanged, compared to its average volume of 3,181,565. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.01 and a current ratio of 1.01. The business’s 50 day simple moving average is $59.93 and its 200 day simple moving average is $56.46. The company has a market capitalization of $34.58 billion, a P/E ratio of 28.49, a P/E/G ratio of 2.82 and a beta of 0.93. Nasdaq, Inc. has a fifty-two week low of $46.88 and a fifty-two week high of $64.25.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.02). The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. Nasdaq’s revenue was up 22.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 earnings per share. Research analysts predict that Nasdaq, Inc. will post 2.75 earnings per share for the current year.

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, June 14th. This represents a $0.96 annualized dividend and a yield of 1.60%. This is a boost from Nasdaq’s previous quarterly dividend of $0.22. Nasdaq’s dividend payout ratio is presently 41.71%.

Insiders Place Their Bets

In other news, EVP Bryan Everard Smith sold 7,400 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the completion of the sale, the executive vice president now directly owns 61,672 shares in the company, valued at approximately $3,879,785.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the sale, the insider now owns 58,341,545 shares in the company, valued at $3,383,809,610. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Bryan Everard Smith sold 7,400 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.91, for a total value of $465,534.00. Following the transaction, the executive vice president now directly owns 61,672 shares of the company’s stock, valued at $3,879,785.52. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.

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.