Vinva Investment Management Ltd Acquires 2,291 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Vinva Investment Management Ltd increased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQFree Report) by 24.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,553 shares of the financial services provider’s stock after purchasing an additional 2,291 shares during the period. Vinva Investment Management Ltd’s holdings in Nasdaq were worth $673,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Nasdaq in the 3rd quarter valued at $871,000. Gabelli Funds LLC grew its stake in Nasdaq by 22.7% in the third quarter. Gabelli Funds LLC now owns 5,404 shares of the financial services provider’s stock valued at $263,000 after purchasing an additional 1,000 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Nasdaq by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,766,466 shares of the financial services provider’s stock worth $85,833,000 after purchasing an additional 33,825 shares in the last quarter. Pathstone Family Office LLC lifted its position in shares of Nasdaq by 123.3% during the third quarter. Pathstone Family Office LLC now owns 12,438 shares of the financial services provider’s stock valued at $604,000 after buying an additional 6,869 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of Nasdaq by 3.9% during the third quarter. HighTower Advisors LLC now owns 209,725 shares of the financial services provider’s stock valued at $10,192,000 after buying an additional 7,833 shares during the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nasdaq

In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the sale, the insider now owns 58,341,545 shares of the company’s stock, valued at approximately $3,383,809,610. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Bryan Everard Smith sold 3,036 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $59.89, for a total value of $181,826.04. Following the completion of the transaction, the executive vice president now owns 58,636 shares of the company’s stock, valued at approximately $3,511,710.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the transaction, the insider now owns 58,341,545 shares in the company, valued at approximately $3,383,809,610. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,010,436 shares of company stock valued at $1,798,647,360. 0.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Rosenblatt Securities lowered shares of Nasdaq from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $76.00 to $64.00 in a research note on Wednesday, May 8th. Keefe, Bruyette & Woods reduced their price target on Nasdaq from $75.00 to $74.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Argus raised their price objective on Nasdaq from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Morgan Stanley raised Nasdaq from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $59.00 to $80.00 in a research report on Tuesday, April 9th. Finally, Edward Jones started coverage on Nasdaq in a report on Wednesday, April 3rd. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and an average target price of $65.92.

Read Our Latest Analysis on NDAQ

Nasdaq Stock Performance

Shares of NDAQ stock traded down $0.48 during trading hours on Friday, hitting $58.78. The company’s stock had a trading volume of 2,821,302 shares, compared to its average volume of 2,168,318. The stock has a market cap of $33.81 billion, a PE ratio of 30.94, a price-to-earnings-growth ratio of 3.21 and a beta of 0.94. Nasdaq, Inc. has a 12-month low of $46.88 and a 12-month high of $64.25. The company has a 50 day moving average of $60.99 and a 200 day moving average of $58.48. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.90.

Nasdaq (NASDAQ:NDAQGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.63 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.02). The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. Nasdaq’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 earnings per share. On average, sell-side analysts forecast that Nasdaq, Inc. will post 2.68 EPS for the current fiscal year.

Nasdaq Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.24 per share. This is a boost from Nasdaq’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 1.63%. The ex-dividend date is Friday, June 14th. Nasdaq’s dividend payout ratio (DPR) is currently 46.32%.

Nasdaq Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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