Gotham Asset Management LLC Has $28.85 Million Stock Holdings in Nasdaq, Inc. $NDAQ

Gotham Asset Management LLC lifted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 75.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 326,195 shares of the financial services provider’s stock after acquiring an additional 140,761 shares during the period. Gotham Asset Management LLC owned approximately 0.06% of Nasdaq worth $28,852,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Nasdaq by 41.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 77,090 shares of the financial services provider’s stock worth $6,819,000 after buying an additional 22,685 shares during the period. National Pension Service lifted its holdings in shares of Nasdaq by 3.3% during the third quarter. National Pension Service now owns 605,551 shares of the financial services provider’s stock valued at $53,561,000 after acquiring an additional 19,078 shares during the period. Vanguard Group Inc. grew its holdings in shares of Nasdaq by 6.9% in the 3rd quarter. Vanguard Group Inc. now owns 59,648,406 shares of the financial services provider’s stock worth $5,275,902,000 after purchasing an additional 3,848,406 shares during the last quarter. Swedbank AB increased its position in shares of Nasdaq by 74.4% during the 3rd quarter. Swedbank AB now owns 82,068 shares of the financial services provider’s stock worth $7,259,000 after purchasing an additional 35,015 shares in the last quarter. Finally, Cibc World Market Inc. lifted its holdings in Nasdaq by 162.1% during the 3rd quarter. Cibc World Market Inc. now owns 25,447 shares of the financial services provider’s stock valued at $2,251,000 after purchasing an additional 15,739 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on NDAQ shares. UBS Group reaffirmed a “buy” rating and set a $120.00 price objective (up from $115.00) on shares of Nasdaq in a report on Monday, January 12th. Morgan Stanley set a $116.00 price objective on Nasdaq and gave the stock an “overweight” rating in a research note on Friday, January 30th. Barclays reissued an “overweight” rating and set a $115.00 price objective (up from $114.00) on shares of Nasdaq in a report on Friday, January 30th. JPMorgan Chase & Co. boosted their target price on Nasdaq from $100.00 to $101.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $108.00 price objective on shares of Nasdaq in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $103.80.

Insider Activity

In related news, CEO Adena T. Friedman sold 300,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $96.91, for a total transaction of $29,073,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,924,903 shares of the company’s stock, valued at approximately $186,542,349.73. This represents a 13.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John Zecca sold 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $100.01, for a total value of $450,045.00. Following the transaction, the executive vice president directly owned 125,674 shares in the company, valued at $12,568,656.74. This trade represents a 3.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 697,340 shares of company stock valued at $66,803,072 in the last 90 days. 0.70% of the stock is owned by corporate insiders.

Nasdaq Price Performance

Shares of NDAQ opened at $85.85 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.70. Nasdaq, Inc. has a twelve month low of $64.84 and a twelve month high of $101.79. The stock has a market capitalization of $48.80 billion, a P/E ratio of 27.78, a P/E/G ratio of 1.57 and a beta of 1.04. The company has a 50 day moving average of $90.38 and a 200-day moving average of $90.62.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, January 29th. The financial services provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Nasdaq had a net margin of 21.77% and a return on equity of 16.90%. The firm’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 earnings per share. As a group, equities research analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, March 16th. Nasdaq’s dividend payout ratio is currently 34.95%.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.