Nasdaq, Inc. $NDAQ Shares Purchased by Korea Investment CORP

Korea Investment CORP raised its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 45.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 435,660 shares of the financial services provider’s stock after acquiring an additional 136,326 shares during the period. Korea Investment CORP owned 0.08% of Nasdaq worth $38,534,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in NDAQ. Front Row Advisors LLC purchased a new stake in shares of Nasdaq in the second quarter valued at $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in Nasdaq in the second quarter valued at $27,000. Tripletail Wealth Management LLC purchased a new position in Nasdaq during the third quarter worth about $27,000. Westside Investment Management Inc. boosted its stake in Nasdaq by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 318 shares of the financial services provider’s stock worth $28,000 after buying an additional 159 shares during the last quarter. Finally, West Branch Capital LLC acquired a new stake in Nasdaq in the 3rd quarter worth about $29,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on NDAQ shares. Raymond James Financial restated an “outperform” rating and issued a $109.00 price target on shares of Nasdaq in a report on Wednesday, February 25th. Barclays reiterated 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. TD Cowen upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their target price for the company from $105.00 to $106.00 in a report on Thursday, February 26th. Argus raised shares of Nasdaq to a “strong-buy” rating in a research report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. increased their price target on shares of Nasdaq from $100.00 to $101.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Nasdaq has an average rating of “Buy” and an average target price of $103.80.

Insider Buying and Selling at Nasdaq

In related news, EVP John Zecca sold 4,500 shares of Nasdaq stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $100.01, for a total transaction of $450,045.00. Following the transaction, the executive vice president owned 125,674 shares in the company, valued at approximately $12,568,656.74. The trade was a 3.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Adena T. Friedman sold 300,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer directly owned 1,924,903 shares of the company’s stock, valued at approximately $186,542,349.73. This trade represents a 13.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 604,500 shares of company stock valued at $58,440,045 in the last three months. Company insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

Nasdaq stock opened at $88.05 on Tuesday. The company has a market cap of $50.05 billion, a price-to-earnings ratio of 28.50, a price-to-earnings-growth ratio of 1.45 and a beta of 1.04. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $101.79. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01. The stock’s 50-day moving average is $91.56 and its 200-day moving average is $90.94.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, January 29th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 16.90% and a net margin of 21.77%.The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 EPS. Equities analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, March 16th. Nasdaq’s payout ratio is currently 34.95%.

About Nasdaq

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.