UniSuper Management Pty Ltd Acquires 15,862 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

UniSuper Management Pty Ltd increased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 425.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 19,593 shares of the financial services provider’s stock after purchasing an additional 15,862 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Nasdaq were worth $1,236,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NDAQ. Thoma Bravo L.P. bought a new stake in shares of Nasdaq during the fourth quarter worth approximately $4,166,454,000. Norges Bank bought a new stake in shares of Nasdaq during the fourth quarter worth approximately $239,347,000. Vanguard Group Inc. raised its stake in shares of Nasdaq by 7.0% during the first quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock worth $3,043,936,000 after buying an additional 3,173,981 shares during the last quarter. Bain Capital Public Equity Management II LLC bought a new stake in shares of Nasdaq during the fourth quarter worth approximately $96,241,000. Finally, LGT Capital Partners LTD. grew its holdings in Nasdaq by 136.5% during the fourth quarter. LGT Capital Partners LTD. now owns 1,264,990 shares of the financial services provider’s stock valued at $73,547,000 after purchasing an additional 730,200 shares during the period. 72.47% of the stock is owned by institutional investors.

Nasdaq Stock Up 0.2 %

Shares of Nasdaq stock traded up $0.10 on Tuesday, hitting $63.13. The company had a trading volume of 2,275,130 shares, compared to its average volume of 2,785,184. The firm has a market capitalization of $36.31 billion, a P/E ratio of 33.23, a P/E/G ratio of 2.88 and a beta of 0.94. Nasdaq, Inc. has a twelve month low of $46.88 and a twelve month high of $64.25. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a 50-day moving average of $60.69 and a 200-day moving average of $59.62.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data 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). The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. Nasdaq had a return on equity of 17.00% and a net margin of 15.98%. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 EPS. Research analysts predict that Nasdaq, Inc. will post 2.7 earnings per share for the current year.

Nasdaq Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Friday, June 14th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.22. Nasdaq’s payout ratio is currently 50.53%.

Insider Transactions at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,036 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.89, for a total value of $181,826.04. Following the sale, the executive vice president now owns 58,636 shares of the company’s stock, valued at $3,511,710.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NDAQ shares. Barclays boosted their price objective on shares of Nasdaq from $73.00 to $74.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Morgan Stanley upgraded shares of Nasdaq from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $59.00 to $80.00 in a report on Tuesday, April 9th. Keefe, Bruyette & Woods decreased their price objective on shares of Nasdaq from $75.00 to $74.00 and set an “outperform” rating for the company in a report on Friday, April 26th. StockNews.com cut shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Finally, The Goldman Sachs Group upgraded shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price objective for the company in a report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $67.08.

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.