Gladstone Institutional Advisory LLC Invests $219,000 in Nasdaq, Inc. (NASDAQ:NDAQ)

Gladstone Institutional Advisory LLC bought a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 3,769 shares of the financial services provider’s stock, valued at approximately $219,000.

Other large investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board raised its stake in Nasdaq by 48.7% during the 3rd quarter. Canada Pension Plan Investment Board now owns 428,643 shares of the financial services provider’s stock valued at $20,828,000 after purchasing an additional 140,286 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its stake in shares of Nasdaq by 10.9% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 446,910 shares of the financial services provider’s stock valued at $21,715,000 after buying an additional 43,910 shares in the last quarter. Kingsview Wealth Management LLC acquired a new position in shares of Nasdaq in the 4th quarter valued at $1,949,000. BNP Paribas Financial Markets raised its stake in shares of Nasdaq by 12.8% in the 4th quarter. BNP Paribas Financial Markets now owns 415,101 shares of the financial services provider’s stock valued at $24,134,000 after buying an additional 46,957 shares in the last quarter. Finally, Braun Stacey Associates Inc. raised its stake in shares of Nasdaq by 29.5% in the 4th quarter. Braun Stacey Associates Inc. now owns 365,494 shares of the financial services provider’s stock valued at $21,250,000 after buying an additional 83,227 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Trading Up 1.2 %

Shares of NDAQ stock traded up $0.71 during trading hours on Friday, hitting $62.23. 1,002,489 shares of the company were exchanged, compared to its average volume of 2,591,547. The company has a 50 day simple moving average of $61.37 and a two-hundred day simple moving average of $58.03. Nasdaq, Inc. has a fifty-two week low of $46.88 and a fifty-two week high of $64.25. The firm has a market cap of $35.80 billion, a P/E ratio of 32.75, a P/E/G ratio of 3.34 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 data on Thursday, April 25th. The financial services provider reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.02). Nasdaq had a return on equity of 17.00% and a net margin of 15.98%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the business posted $0.69 EPS. The company’s revenue was up 22.2% compared to the same quarter last year. Equities analysts anticipate that Nasdaq, Inc. will post 2.68 EPS for the current year.

Nasdaq Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Friday, June 14th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.22. Nasdaq’s payout ratio is presently 46.32%.

Insider Buying and Selling at Nasdaq

In other news, EVP Bryan Everard Smith sold 7,400 shares of Nasdaq 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 completion of the sale, the executive vice president now owns 61,672 shares in the company, valued at approximately $3,879,785.52. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Bryan Everard Smith sold 7,400 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the completion of the sale, the executive vice president now owns 61,672 shares in the company, valued at approximately $3,879,785.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 58,341,545 shares of the company’s stock, valued at approximately $3,383,809,610. The disclosure for this sale can be found here. Insiders sold 31,010,436 shares of company stock valued at $1,798,647,360 in the last quarter. 0.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Nasdaq from $75.00 to $74.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Edward Jones initiated coverage on shares of Nasdaq in a research note on Wednesday, April 3rd. They issued a “buy” rating for the company. Piper Sandler upped their target price on shares of Nasdaq from $70.00 to $71.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Rosenblatt Securities lowered shares of Nasdaq from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $76.00 to $64.00 in a report on Wednesday, May 8th. Finally, Argus upped their target price on shares of Nasdaq from $64.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Nasdaq presently has an average rating of “Moderate Buy” and a consensus target price of $65.92.

Nasdaq 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.