Polar Capital Holdings Plc Has $16.90 Million Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Polar Capital Holdings Plc boosted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 8.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 218,601 shares of the financial services provider’s stock after acquiring an additional 17,099 shares during the quarter. Polar Capital Holdings Plc’s holdings in Nasdaq were worth $16,900,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Allworth Financial LP boosted its position in Nasdaq by 12.3% during the 4th quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 141 shares during the period. Brooklyn Investment Group lifted its holdings in shares of Nasdaq by 8.5% during the 4th quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider’s stock valued at $147,000 after buying an additional 148 shares during the last quarter. Crestwood Advisors Group LLC lifted its holdings in shares of Nasdaq by 4.1% during the 4th quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider’s stock valued at $295,000 after buying an additional 152 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of Nasdaq by 1.0% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,303 shares of the financial services provider’s stock valued at $1,260,000 after buying an additional 157 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of Nasdaq by 4.2% during the 4th quarter. Gamco Investors INC. ET AL now owns 4,103 shares of the financial services provider’s stock valued at $317,000 after buying an additional 164 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NDAQ. Redburn Atlantic upgraded Nasdaq from a “neutral” rating to a “buy” rating and set a $91.00 price target for the company in a report on Thursday, April 17th. Piper Sandler lifted their price target on Nasdaq from $80.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. UBS Group reiterated a “cautious” rating on shares of Nasdaq in a report on Monday, April 28th. Bank of America raised their price objective on Nasdaq from $103.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, April 2nd. Finally, StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a research note on Friday, April 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and an average price target of $86.50.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ opened at $81.28 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The business’s 50 day moving average is $74.81 and its two-hundred day moving average is $77.88. The company has a market cap of $46.66 billion, a P/E ratio of 42.33, a P/E/G ratio of 2.12 and a beta of 1.00. Nasdaq, Inc. has a 12 month low of $58.28 and a 12 month high of $84.15.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.63 EPS. On average, equities analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from Nasdaq’s previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.33%. Nasdaq’s payout ratio is currently 49.09%.

Insider Activity

In other news, EVP Bryan Everard Smith sold 657 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the sale, the executive vice president now directly owns 61,980 shares in the company, valued at approximately $4,450,783.80. The trade was a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the sale, the executive vice president now 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 disclosure for this sale can be found here. 0.70% 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.