Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Annis Gardner Whiting Capital Advisors LLC

Annis Gardner Whiting Capital Advisors LLC grew its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 313.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,328 shares of the financial services provider’s stock after acquiring an additional 1,007 shares during the quarter. Annis Gardner Whiting Capital Advisors LLC’s holdings in Nasdaq were worth $77,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its holdings in shares of Nasdaq by 214.0% during the third quarter. The Manufacturers Life Insurance Company now owns 6,281,617 shares of the financial services provider’s stock worth $305,224,000 after purchasing an additional 4,280,846 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Nasdaq by 16.6% during the third quarter. Ameriprise Financial Inc. now owns 4,787,784 shares of the financial services provider’s stock worth $232,564,000 after purchasing an additional 681,238 shares during the period. Norges Bank acquired a new stake in shares of Nasdaq during the fourth quarter worth about $239,347,000. Northern Trust Corp lifted its holdings in shares of Nasdaq by 5.4% during the third quarter. Northern Trust Corp now owns 3,363,894 shares of the financial services provider’s stock worth $163,452,000 after purchasing an additional 171,959 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Nasdaq by 16.7% during the third quarter. Invesco Ltd. now owns 2,654,180 shares of the financial services provider’s stock worth $128,967,000 after purchasing an additional 378,936 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Trading Up 0.1 %

Shares of Nasdaq stock traded up $0.05 during trading hours on Thursday, hitting $62.50. The company’s stock had a trading volume of 337,109 shares, compared to its average volume of 3,034,638. Nasdaq, Inc. has a twelve month low of $46.88 and a twelve month high of $64.25. The firm has a fifty day moving average of $61.26 and a 200-day moving average of $57.92. The stock has a market cap of $35.95 billion, a price-to-earnings ratio of 32.87, a P/E/G ratio of 3.39 and a beta of 0.94. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.99 and a current ratio of 0.99.

Nasdaq (NASDAQ:NDAQ) last announced 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). Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company earned $0.69 EPS. The business’s revenue for the quarter was up 22.2% on a year-over-year basis. Research analysts forecast that Nasdaq, Inc. will post 2.68 EPS for the current year.

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, June 14th. This is an increase from Nasdaq’s previous quarterly dividend of $0.22. Nasdaq’s payout ratio is currently 50.53%.

Insider Activity at Nasdaq

In related news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business’s stock in a transaction 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 sale, the insider now owns 58,341,545 shares in the company, valued at approximately $3,383,809,610. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was 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 in the company, valued at approximately $3,383,809,610. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 sale, the executive vice president now owns 58,636 shares in the company, valued at approximately $3,511,710.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,010,436 shares of company stock worth $1,798,647,360. 0.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Oppenheimer lifted their price target on Nasdaq from $65.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. UBS Group boosted their price objective on Nasdaq from $56.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Rosenblatt Securities cut Nasdaq from a “buy” rating to a “neutral” rating and cut their price objective for the company from $76.00 to $64.00 in a research report on Wednesday, May 8th. The Goldman Sachs Group upgraded Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price objective for the company in a research report on Tuesday, March 26th. Finally, Barclays cut their price objective on Nasdaq from $76.00 to $73.00 and set an “overweight” rating for the company in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $65.92.

Nasdaq Company 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.