Schroder Investment Management Group Raises Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Schroder Investment Management Group lifted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,261 shares of the financial services provider’s stock after purchasing an additional 2,119 shares during the quarter. Schroder Investment Management Group’s holdings in Nasdaq were worth $7,528,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NDAQ. Olstein Capital Management L.P. grew its position in Nasdaq by 35.6% in the fourth quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider’s stock worth $6,185,000 after acquiring an additional 21,000 shares during the period. NINE MASTS CAPITAL Ltd acquired a new stake in shares of Nasdaq during the 4th quarter worth about $274,000. Pacer Advisors Inc. raised its holdings in Nasdaq by 75.7% in the 4th quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock valued at $4,170,000 after buying an additional 23,244 shares during the period. Teacher Retirement System of Texas lifted its position in Nasdaq by 892.3% in the fourth quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider’s stock valued at $4,689,000 after buying an additional 54,535 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Nasdaq by 26.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider’s stock worth $3,454,000 after buying an additional 9,130 shares during the period. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

NDAQ has been the topic of several recent analyst reports. Citigroup upped their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Bank of America upped their price target on Nasdaq from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday. Keefe, Bruyette & Woods lifted their price objective on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. increased their target price on Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, Raymond James lifted their target price on Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $87.94.

Insider Activity

In related news, EVP Bryan Everard Smith sold 3,500 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the sale, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at $4,532,778.56. This represents a 5.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the transaction, the executive vice president now directly owns 59,694 shares in the company, valued at approximately $4,398,253.92. This trade represents a 20.04 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $68.25 on Friday. Nasdaq, Inc. has a 12 month low of $58.10 and a 12 month high of $84.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The firm has a market capitalization of $39.25 billion, a PE ratio of 35.55, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. The business’s fifty day moving average price is $78.53 and its 200 day moving average price is $77.62.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. On average, sell-side analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.41%. Nasdaq’s dividend payout ratio is presently 50.00%.

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.