Mn Services Vermogensbeheer B.V. Buys 2,300 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Mn Services Vermogensbeheer B.V. grew its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,000 shares of the financial services provider’s stock after acquiring an additional 2,300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Nasdaq were worth $10,437,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Citizens Financial Group Inc. RI grew its stake in Nasdaq by 3.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 137 shares in the last quarter. Allworth Financial LP grew its stake in Nasdaq by 12.3% in the 4th quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 141 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in Nasdaq by 1.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock worth $759,000 after acquiring an additional 148 shares in the last quarter. Brooklyn Investment Group grew its stake in Nasdaq by 8.5% in the 4th quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 148 shares in the last quarter. Finally, Crestwood Advisors Group LLC boosted its stake in shares of Nasdaq by 4.2% during the third quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 149 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Trading Up 2.5 %

NASDAQ NDAQ opened at $82.78 on Friday. The company has a fifty day simple moving average of $79.84 and a two-hundred day simple moving average of $76.87. The stock has a market cap of $47.61 billion, a P/E ratio of 43.11, a P/E/G ratio of 2.12 and a beta of 0.99. Nasdaq, Inc. has a 12-month low of $55.51 and a 12-month high of $84.15. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81.

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

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.16%. Nasdaq’s dividend payout ratio is currently 50.00%.

Insiders Place Their Bets

In related news, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the transaction, the executive vice president now owns 55,576 shares of the company’s stock, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and increased their price objective for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 price objective on shares of Nasdaq in a research note on Thursday, January 30th. Keefe, Bruyette & Woods increased their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. Finally, Oppenheimer increased their price objective on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and an average price target of $86.88.

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.