Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by Ballentine Partners LLC

Ballentine Partners LLC lifted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,475 shares of the financial services provider’s stock after purchasing an additional 827 shares during the period. Ballentine Partners LLC’s holdings in Nasdaq were worth $1,042,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NDAQ. Pacer Advisors Inc. grew its stake in Nasdaq by 17.1% during the 2nd quarter. Pacer Advisors Inc. now owns 27,224 shares of the financial services provider’s stock valued at $1,641,000 after purchasing an additional 3,975 shares in the last quarter. Sei Investments Co. grew its position in shares of Nasdaq by 1.7% during the second quarter. Sei Investments Co. now owns 233,014 shares of the financial services provider’s stock worth $14,040,000 after buying an additional 3,872 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Nasdaq by 385.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,719 shares of the financial services provider’s stock worth $104,000 after buying an additional 1,365 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in Nasdaq by 8.1% in the second quarter. Public Sector Pension Investment Board now owns 64,494 shares of the financial services provider’s stock valued at $3,886,000 after acquiring an additional 4,842 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its stake in Nasdaq by 5.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,826 shares of the financial services provider’s stock valued at $231,000 after acquiring an additional 197 shares during the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Raymond James upped their target price on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Morgan Stanley increased their target price on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Barclays decreased their target price on Nasdaq from $97.00 to $96.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their target price for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $85.73.

Nasdaq Price Performance

Shares of NDAQ opened at $80.83 on Thursday. The firm has a market capitalization of $46.46 billion, a price-to-earnings ratio of 48.40, a price-to-earnings-growth ratio of 2.70 and a beta of 0.98. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. The stock’s fifty day moving average is $79.31 and its 200-day moving average is $73.82. Nasdaq, Inc. has a one year low of $54.90 and a one year high of $83.77.

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, topping analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the firm posted $0.71 earnings per share. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. Equities analysts anticipate that Nasdaq, Inc. will post 2.81 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.19%. Nasdaq’s dividend payout ratio is currently 57.49%.

Insider Buying and Selling

In other Nasdaq news, EVP Jeremy Skule sold 12,075 shares of Nasdaq stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the transaction, the executive vice president now owns 102,505 shares in the company, 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 can be accessed through this hyperlink. Also, insider Pc Nelson Griggs sold 5,742 shares of Nasdaq stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total value of $444,086.28. Following the completion of the transaction, the insider now owns 205,821 shares in the company, valued at $15,918,196.14. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,459 shares of company stock valued at $3,811,808 over the last three months. Company 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.