Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Bison Wealth LLC

Bison Wealth LLC lifted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 29.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,730 shares of the financial services provider’s stock after purchasing an additional 3,088 shares during the period. Bison Wealth LLC’s holdings in Nasdaq were worth $798,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Outlook Wealth Advisors LLC acquired a new position in Nasdaq in the fourth quarter valued at approximately $214,000. Louisiana State Employees Retirement System purchased a new stake in Nasdaq in the fourth quarter valued at approximately $1,198,000. Simplicity Solutions LLC raised its position in Nasdaq by 10.2% in the fourth quarter. Simplicity Solutions LLC now owns 4,620 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 429 shares during the period. Kanawha Capital Management LLC raised its position in Nasdaq by 1.2% in the fourth quarter. Kanawha Capital Management LLC now owns 88,485 shares of the financial services provider’s stock valued at $5,145,000 after purchasing an additional 1,051 shares during the period. Finally, Helios Capital Management PTE. Ltd. purchased a new stake in Nasdaq in the fourth quarter valued at approximately $985,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Nasdaq

In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the completion of the sale, the insider now owns 58,341,545 shares in the company, valued at $3,383,809,610. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Bryan Everard Smith sold 7,400 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.91, for a total transaction of $465,534.00. Following the transaction, the executive vice president now owns 61,672 shares of the company’s stock, valued at $3,879,785.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 58,341,545 shares in the company, valued at approximately $3,383,809,610. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NDAQ shares. Piper Sandler boosted their target price on Nasdaq from $70.00 to $71.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Morgan Stanley raised Nasdaq from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $59.00 to $80.00 in a research report on Tuesday, April 9th. The Goldman Sachs Group raised Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price objective on the stock in a research report on Tuesday, March 26th. Citigroup upped their price objective on Nasdaq from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $82.00 price objective on shares of Nasdaq in a research report on Thursday, February 1st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $67.09.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $60.19 on Tuesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.01 and a quick ratio of 1.01. Nasdaq, Inc. has a 1 year low of $46.88 and a 1 year high of $64.25. The company has a market capitalization of $34.62 billion, a PE ratio of 28.53, a P/E/G ratio of 2.80 and a beta of 0.93. The company has a fifty day moving average of $59.17 and a two-hundred day moving average of $55.82.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the firm posted $0.64 earnings per share. Nasdaq’s revenue for the quarter was up 21.4% on a year-over-year basis. As a group, analysts expect that Nasdaq, Inc. will post 2.75 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.88 annualized dividend and a yield of 1.46%. Nasdaq’s dividend payout ratio is presently 41.71%.

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.