Nasdaq (NASDAQ:NDAQ) Major Shareholder Ab Investor Acquires 56,782 Shares

Nasdaq, Inc. (NASDAQ:NDAQ) major shareholder Ab Investor purchased 56,782 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average price of $85.98 per share, with a total value of $4,882,116.36. Following the purchase, the insider owned 58,439,208 shares in the company, valued at $5,024,603,103.84. This represents a 0.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Nasdaq Price Performance

Shares of Nasdaq stock opened at $91.04 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a twelve month low of $77.09 and a twelve month high of $101.79. The business has a 50-day moving average price of $88.96 and a 200 day moving average price of $90.12. The firm has a market cap of $51.49 billion, a PE ratio of 27.42, a P/E/G ratio of 1.78 and a beta of 0.97.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the business earned $0.79 EPS. Nasdaq’s revenue for the quarter was up 13.7% compared to the same quarter last year. Sell-side analysts predict that Nasdaq, Inc. will post 3.86 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be paid a $0.31 dividend. The ex-dividend date is Friday, June 12th. This represents a $1.24 annualized dividend and a dividend yield of 1.4%. This is a boost from Nasdaq’s previous quarterly dividend of $0.27. Nasdaq’s dividend payout ratio (DPR) is presently 37.35%.

Analyst Ratings Changes

Several brokerages recently weighed in on NDAQ. Weiss Ratings restated a “buy (b)” rating on shares of Nasdaq in a research note on Wednesday, April 22nd. Keefe, Bruyette & Woods lifted their price target on Nasdaq from $92.00 to $97.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. TD Cowen upgraded Nasdaq from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $105.00 to $106.00 in a report on Thursday, February 26th. Raymond James Financial reiterated an “outperform” rating and issued a $109.00 price objective on shares of Nasdaq in a report on Wednesday, February 25th. Finally, Barclays lifted their price objective on Nasdaq from $115.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $107.36.

Institutional Investors Weigh In On Nasdaq

Several institutional investors have recently bought and sold shares of NDAQ. MV Capital Management Inc. acquired a new stake in Nasdaq in the 4th quarter worth about $28,000. SOA Wealth Advisors LLC. acquired a new stake in Nasdaq in the 4th quarter worth about $34,000. Nemes Rush Group LLC acquired a new stake in Nasdaq in the 4th quarter worth about $35,000. Uniplan Investment Counsel Inc. acquired a new stake in Nasdaq in the 4th quarter worth about $35,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in shares of Nasdaq during the 4th quarter worth approximately $37,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.