6,598 Shares in Nasdaq, Inc. $NDAQ Bought by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 6,598 shares of the financial services provider’s stock, valued at approximately $641,000.

Other large investors have also recently added to or reduced their stakes in the company. M&T Bank Corp raised its holdings in shares of Nasdaq by 27.5% during the fourth quarter. M&T Bank Corp now owns 61,076 shares of the financial services provider’s stock valued at $5,933,000 after buying an additional 13,160 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Nasdaq by 41.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 77,090 shares of the financial services provider’s stock valued at $6,819,000 after buying an additional 22,685 shares during the last quarter. National Pension Service raised its holdings in shares of Nasdaq by 3.3% during the third quarter. National Pension Service now owns 605,551 shares of the financial services provider’s stock valued at $53,561,000 after buying an additional 19,078 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Nasdaq by 6.9% during the third quarter. Vanguard Group Inc. now owns 59,648,406 shares of the financial services provider’s stock valued at $5,275,902,000 after buying an additional 3,848,406 shares during the last quarter. Finally, Intech Investment Management LLC raised its holdings in shares of Nasdaq by 129.2% during the third quarter. Intech Investment Management LLC now owns 55,134 shares of the financial services provider’s stock valued at $4,877,000 after buying an additional 31,081 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Price Performance

NASDAQ NDAQ opened at $91.06 on Friday. Nasdaq, Inc. has a 12 month low of $77.09 and a 12 month high of $101.79. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $51.50 billion, a PE ratio of 27.43, a P/E/G ratio of 1.86 and a beta of 0.98. The company’s 50 day simple moving average is $87.26 and its 200 day simple moving average is $89.70.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $1.42 billion. Nasdaq had a net margin of 23.15% and a return on equity of 17.51%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter last year, the business earned $0.79 earnings per share. As a group, equities research analysts forecast that Nasdaq, Inc. will post 3.86 EPS for the current fiscal year.

Nasdaq Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a $0.31 dividend. This is an increase from Nasdaq’s previous quarterly dividend of $0.27. This represents a $1.24 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, June 12th. Nasdaq’s dividend payout ratio is currently 32.53%.

Insider Buying and Selling

In other Nasdaq news, EVP Bradley J. Peterson sold 7,710 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $90.82, for a total value of $700,222.20. Following the transaction, the executive vice president owned 141,035 shares of the company’s stock, valued at approximately $12,808,798.70. This represents a 5.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adena T. Friedman sold 113,611 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $85.44, for a total value of $9,706,923.84. Following the completion of the transaction, the chief executive officer directly owned 1,965,751 shares in the company, valued at $167,953,765.44. This represents a 5.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 231,002 shares of company stock worth $20,295,941 over the last three months. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

NDAQ has been the topic of a number of recent analyst reports. TD Cowen raised Nasdaq from a “hold” rating to a “buy” rating and lifted their price target for the company from $105.00 to $106.00 in a report on Thursday, February 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $108.00 price target on shares of Nasdaq in a report on Friday, January 30th. Morgan Stanley set a $116.00 price target on Nasdaq and gave the company an “overweight” rating in a report on Friday, January 30th. Loop Capital set a $113.00 price target on Nasdaq in a report on Friday, April 24th. Finally, Keefe, Bruyette & Woods lifted their price target on Nasdaq from $92.00 to $97.00 and gave the company a “market perform” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $107.15.

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.