8,061 Shares in Nasdaq, Inc. $NDAQ Purchased by EJMK Ventures LLC

EJMK Ventures LLC bought a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,061 shares of the financial services provider’s stock, valued at approximately $783,000.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Nasdaq by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 59,916,887 shares of the financial services provider’s stock valued at $5,819,727,000 after acquiring an additional 268,481 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Nasdaq by 4.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 27,627,767 shares of the financial services provider’s stock worth $2,683,485,000 after purchasing an additional 1,258,964 shares during the last quarter. State Street Corp boosted its stake in shares of Nasdaq by 1.3% during the fourth quarter. State Street Corp now owns 19,878,600 shares of the financial services provider’s stock valued at $1,930,808,000 after purchasing an additional 259,408 shares during the period. Geode Capital Management LLC boosted its stake in shares of Nasdaq by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 12,851,894 shares of the financial services provider’s stock valued at $1,243,807,000 after purchasing an additional 378,577 shares during the period. Finally, Morgan Stanley increased its stake in Nasdaq by 62.6% in the 4th quarter. Morgan Stanley now owns 9,266,562 shares of the financial services provider’s stock worth $900,061,000 after buying an additional 3,567,843 shares during the period. Institutional investors own 72.47% of the company’s stock.

Nasdaq Price Performance

Shares of Nasdaq stock opened at $82.24 on Friday. Nasdaq, Inc. has a 52-week low of $77.09 and a 52-week high of $101.79. The firm’s 50 day moving average price is $88.72 and its 200-day moving average price is $89.95. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.71. The company has a market cap of $46.51 billion, a P/E ratio of 24.77, a PEG ratio of 1.64 and a beta of 0.97.

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

Nasdaq Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a dividend of $0.31 per share. The ex-dividend date is Friday, June 12th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.27. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.5%. Nasdaq’s payout ratio is presently 37.35%.

Insider Activity

In related news, CEO Adena T. Friedman sold 113,611 shares of Nasdaq stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $85.44, for a total value of $9,706,923.84. Following the completion of the sale, the chief executive officer directly owned 1,965,751 shares in the company, valued at $167,953,765.44. This trade represents a 5.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Ab Investor bought 56,782 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were bought at an average cost of $85.98 per share, for a total transaction of $4,882,116.36. Following the transaction, the insider owned 58,439,208 shares in the company, valued at $5,024,603,103.84. The trade was a 0.10% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have sold 138,162 shares of company stock valued at $11,932,913. 0.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. TD Cowen upgraded Nasdaq from a “hold” rating to a “buy” rating and boosted their price target for the company 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 target price on shares of Nasdaq in a report on Wednesday, February 25th. Barclays raised their price target on Nasdaq from $115.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods upped their price objective on shares of Nasdaq from $92.00 to $97.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nasdaq in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $107.36.

Nasdaq 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.