NEOS Investment Management LLC Buys 4,979 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

NEOS Investment Management LLC increased its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 31.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,701 shares of the financial services provider’s stock after purchasing an additional 4,979 shares during the quarter. NEOS Investment Management LLC’s holdings in Nasdaq were worth $1,600,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Kingsview Wealth Management LLC grew its holdings in shares of Nasdaq by 9.1% in the third quarter. Kingsview Wealth Management LLC now owns 4,466 shares of the financial services provider’s stock worth $326,000 after acquiring an additional 372 shares during the period. Independent Advisor Alliance bought a new stake in shares of Nasdaq during the 3rd quarter valued at about $249,000. D.A. Davidson & CO. increased its position in shares of Nasdaq by 4.1% during the 3rd quarter. D.A. Davidson & CO. now owns 14,956 shares of the financial services provider’s stock valued at $1,092,000 after purchasing an additional 590 shares during the last quarter. FMR LLC lifted its stake in shares of Nasdaq by 24.4% in the 3rd quarter. FMR LLC now owns 977,949 shares of the financial services provider’s stock worth $71,400,000 after purchasing an additional 191,705 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in shares of Nasdaq by 6.2% in the third quarter. MetLife Investment Management LLC now owns 107,565 shares of the financial services provider’s stock worth $7,853,000 after buying an additional 6,243 shares during the last quarter. Institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the transaction, the executive vice president now owns 55,576 shares in the company, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the sale, the executive vice president now owns 59,694 shares in the company, valued at $4,398,253.92. The trade was a 20.04 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of several recent research reports. Raymond James increased their price target on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Keefe, Bruyette & Woods lifted their target price on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Oppenheimer upped their price target on Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. UBS Group raised their price objective on Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Finally, Citigroup increased their target price on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Nasdaq currently has an average rating of “Moderate Buy” and a consensus price target of $86.88.

Nasdaq Trading Down 1.9 %

Shares of Nasdaq stock opened at $74.91 on Friday. Nasdaq, Inc. has a twelve month low of $58.10 and a twelve month high of $84.15. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The business has a 50-day moving average price of $79.12 and a 200-day moving average price of $77.59. The firm has a market cap of $43.08 billion, a price-to-earnings ratio of 39.02, a PEG ratio of 2.12 and a beta of 0.96.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Equities research analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Friday, March 14th. Nasdaq’s payout ratio is 50.00%.

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.