Bessemer Group Inc. Purchases 70,528 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Bessemer Group Inc. grew its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 2.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,156,288 shares of the financial services provider’s stock after acquiring an additional 70,528 shares during the period. Bessemer Group Inc.’s holdings in Nasdaq were worth $244,012,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Rakuten Securities Inc. purchased a new stake in Nasdaq in the fourth quarter worth $26,000. Founders Capital Management purchased a new stake in shares of Nasdaq in the 4th quarter worth about $27,000. Kestra Investment Management LLC bought a new position in shares of Nasdaq in the 4th quarter worth about $33,000. Raleigh Capital Management Inc. increased its stake in shares of Nasdaq by 106.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 225 shares in the last quarter. Finally, TCTC Holdings LLC purchased a new position in Nasdaq during the 4th quarter valued at about $41,000. Institutional investors own 72.47% of the company’s stock.

Insider Activity

In related news, EVP Bryan Everard Smith sold 657 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the completion of the transaction, the executive vice president now directly owns 61,980 shares in the company, valued at approximately $4,450,783.80. The trade was a 1.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Sarah Youngwood sold 14,959 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the sale, the executive vice president now owns 59,694 shares in the company, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,116 shares of company stock valued at $1,434,818 in the last 90 days. Company insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

Shares of NDAQ opened at $66.40 on Wednesday. The firm has a market capitalization of $38.19 billion, a P/E ratio of 34.58, a PEG ratio of 2.12 and a beta of 1.02. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. Nasdaq, Inc. has a one year low of $58.10 and a one year high of $84.15. The business has a fifty day moving average of $77.65 and a 200 day moving average of $77.51.

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

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Friday, March 14th. Nasdaq’s dividend payout ratio is presently 50.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on NDAQ shares. Bank of America raised their target price on shares of Nasdaq from $103.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, April 2nd. Barclays reduced their price objective on Nasdaq from $95.00 to $87.00 and set an “overweight” rating for the company in a research report on Monday. Keefe, Bruyette & Woods lifted their price objective on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. raised their price target on Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and lifted their price target for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.88.

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.