Rakuten Securities Inc. Buys New Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Rakuten Securities Inc. purchased a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,492 shares of the financial services provider’s stock, valued at approximately $87,000.

Several other hedge funds also recently made changes to their positions in the business. RB Capital Management LLC grew its position in Nasdaq by 15.9% in the first quarter. RB Capital Management LLC now owns 3,264 shares of the financial services provider’s stock valued at $582,000 after purchasing an additional 448 shares in the last quarter. American Century Companies Inc. increased its position in shares of Nasdaq by 10.2% in the first quarter. American Century Companies Inc. now owns 2,209 shares of the financial services provider’s stock valued at $394,000 after acquiring an additional 205 shares during the last quarter. Raymond James Trust N.A. raised its holdings in Nasdaq by 14.1% during the first quarter. Raymond James Trust N.A. now owns 3,932 shares of the financial services provider’s stock worth $701,000 after acquiring an additional 487 shares in the last quarter. Sei Investments Co. boosted its position in Nasdaq by 8.4% during the first quarter. Sei Investments Co. now owns 136,395 shares of the financial services provider’s stock valued at $24,319,000 after purchasing an additional 10,623 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its stake in Nasdaq by 32.0% in the first quarter. Allianz Asset Management GmbH now owns 316,344 shares of the financial services provider’s stock valued at $56,373,000 after purchasing an additional 76,603 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Nasdaq Stock Down 0.0 %

NDAQ opened at $60.01 on Thursday. The stock has a fifty day moving average of $59.30 and a 200-day moving average of $55.93. The company has a market capitalization of $34.52 billion, a P/E ratio of 28.44, a P/E/G ratio of 2.73 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. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.01 and a current ratio of 1.01.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the company earned $0.64 EPS. The business’s revenue was up 21.4% on a year-over-year basis. On average, equities analysts expect that Nasdaq, Inc. will post 2.75 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Wednesday, March 13th. Nasdaq’s dividend payout ratio is currently 41.71%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Morgan Stanley raised shares of Nasdaq from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $59.00 to $80.00 in a research note on Tuesday, April 9th. Barclays began coverage on shares of Nasdaq in a report on Thursday, April 11th. They issued an “overweight” rating and a $76.00 target price on the stock. Citigroup lifted their price target on Nasdaq from $56.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, January 12th. Piper Sandler upped their price objective on Nasdaq from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $82.00 target price on shares of Nasdaq in a research note on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Nasdaq currently has an average rating of “Moderate Buy” and an average target price of $67.09.

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.