Dai ichi Life Insurance Company Ltd Buys New Shares in Nasdaq, Inc. (NASDAQ:NDAQ)

Dai ichi Life Insurance Company Ltd bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the third quarter, Holdings Channel.com reports. The firm bought 28,845 shares of the financial services provider’s stock, valued at approximately $2,106,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NDAQ. Quadrature Capital Ltd purchased a new position in shares of Nasdaq in the first quarter worth about $352,000. Price T Rowe Associates Inc. MD raised its position in Nasdaq by 12.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 517,000 shares of the financial services provider’s stock worth $32,624,000 after buying an additional 57,900 shares during the last quarter. Janus Henderson Group PLC raised its position in Nasdaq by 108.5% during the 1st quarter. Janus Henderson Group PLC now owns 124,697 shares of the financial services provider’s stock worth $7,863,000 after buying an additional 64,886 shares during the last quarter. California State Teachers Retirement System lifted its stake in Nasdaq by 0.5% during the 1st quarter. California State Teachers Retirement System now owns 527,582 shares of the financial services provider’s stock valued at $33,290,000 after acquiring an additional 2,459 shares during the period. Finally, Tidal Investments LLC boosted its holdings in shares of Nasdaq by 24.5% in the 1st quarter. Tidal Investments LLC now owns 47,254 shares of the financial services provider’s stock valued at $2,982,000 after acquiring an additional 9,290 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Trading Up 0.5 %

Shares of Nasdaq stock opened at $83.05 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq, Inc. has a twelve month low of $53.62 and a twelve month high of $83.50. The firm has a market capitalization of $47.73 billion, a PE ratio of 49.73, a P/E/G ratio of 3.17 and a beta of 0.95. The firm’s 50-day moving average price is $75.47 and its 200 day moving average price is $68.46.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the business posted $0.71 earnings per share. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. On average, sell-side analysts predict that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is 57.49%.

Analyst Ratings Changes

A number of research analysts recently issued reports on NDAQ shares. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Wednesday. Morgan Stanley lifted their price objective on Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Oppenheimer upped their target price on Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. UBS Group lifted their price target on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Finally, William Blair initiated coverage on Nasdaq in a research report on Monday. They issued an “outperform” rating on the stock. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Nasdaq presently has an average rating of “Moderate Buy” and a consensus target price of $80.87.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 12,075 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction of $950,906.25. Following the transaction, the executive vice president now owns 102,505 shares of the company’s stock, valued at approximately $8,072,268.75. The trade was a 10.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Pc Nelson Griggs sold 5,742 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total transaction of $444,086.28. Following the transaction, the insider now directly owns 205,821 shares in the company, valued at approximately $15,918,196.14. The trade was a 2.71 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,459 shares of company stock valued at $3,811,808. Corporate insiders own 0.70% of the company’s stock.

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.