Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC increased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 71.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,956 shares of the financial services provider’s stock after buying an additional 7,065 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Nasdaq were worth $986,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in NDAQ. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Nasdaq by 5.1% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,625,448 shares of the financial services provider’s stock valued at $152,644,000 after purchasing an additional 127,978 shares during the period. Cross Staff Investments Inc acquired a new position in Nasdaq in the 4th quarter worth approximately $203,000. Tokio Marine Asset Management Co. Ltd. raised its position in Nasdaq by 18.9% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,185 shares of the financial services provider’s stock worth $534,000 after buying an additional 1,459 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Nasdaq during the 4th quarter valued at approximately $483,000. Finally, RWA Wealth Partners LLC purchased a new stake in shares of Nasdaq in the 4th quarter valued at $1,177,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Nasdaq Price Performance

NASDAQ NDAQ traded down $0.17 on Friday, hitting $60.12. The company had a trading volume of 4,792,085 shares, compared to its average volume of 3,181,565. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.01 and a quick ratio of 1.01. The company’s fifty day moving average price is $59.93 and its 200-day moving average price is $56.46. The company has a market capitalization of $34.58 billion, a PE ratio of 28.49, a PEG ratio of 2.82 and a beta of 0.93. Nasdaq, Inc. has a 12-month low of $46.88 and a 12-month high of $64.25.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, April 25th. The financial services provider reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the firm earned $0.69 EPS. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. As a group, analysts predict that Nasdaq, Inc. will post 2.75 earnings per share for the current year.

Nasdaq Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, June 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.60%. This is a boost from Nasdaq’s previous quarterly dividend of $0.22. Nasdaq’s dividend payout ratio is presently 41.71%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on NDAQ shares. Barclays reduced their target price on shares of Nasdaq from $76.00 to $73.00 and set an “overweight” rating for the company in a report on Friday. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Citigroup raised their target price on Nasdaq from $56.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, January 12th. Piper Sandler boosted their price target on Nasdaq from $70.00 to $71.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Finally, Edward Jones assumed coverage on shares of Nasdaq in a research note on Wednesday, April 3rd. They set a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Nasdaq has an average rating of “Moderate Buy” and a consensus target price of $66.92.

Nasdaq 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.