Guinness Asset Management LTD Acquires 4,315 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Guinness Asset Management LTD raised its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 65.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,859 shares of the financial services provider’s stock after buying an additional 4,315 shares during the period. Guinness Asset Management LTD’s holdings in Nasdaq were worth $840,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. grew its position in shares of Nasdaq by 49.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 164,179 shares of the financial services provider’s stock worth $11,987,000 after buying an additional 54,594 shares during the last quarter. USA Financial Formulas bought a new stake in Nasdaq in the fourth quarter valued at $856,000. Cumberland Partners Ltd purchased a new position in Nasdaq during the 3rd quarter valued at $10,400,000. Thompson Siegel & Walmsley LLC bought a new position in Nasdaq in the 3rd quarter worth $2,701,000. Finally, Dimensional Fund Advisors LP raised its holdings in Nasdaq by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,358,843 shares of the financial services provider’s stock worth $142,144,000 after purchasing an additional 174,778 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Insiders Place Their Bets

In other news, insider Pc Nelson Griggs sold 5,742 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total value of $444,086.28. Following the transaction, the insider now directly owns 205,821 shares in the company, valued at $15,918,196.14. This trade represents a 2.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the sale, the executive vice president now owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. This trade represents a 8.72 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,459 shares of company stock valued at $3,811,808. 0.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Oppenheimer increased their target price on Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. TD Cowen lowered their target price on Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Morgan Stanley upped their price target on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $95.00 price objective on shares of Nasdaq in a research report on Thursday, January 9th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.73.

Nasdaq Trading Up 0.6 %

Shares of NASDAQ NDAQ opened at $78.83 on Monday. The firm’s 50 day moving average price is $79.29 and its 200-day moving average price is $73.50. Nasdaq, Inc. has a 52-week low of $54.90 and a 52-week high of $83.77. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $45.31 billion, a PE ratio of 47.20, a P/E/G ratio of 2.59 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 EPS. On average, equities research analysts expect that Nasdaq, Inc. will post 2.8 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.22%. Nasdaq’s payout ratio is 57.49%.

About Nasdaq

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.