Nisa Investment Advisors LLC Has $12.29 Million Stock Position in Nasdaq, Inc. $NDAQ

Nisa Investment Advisors LLC raised its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 4.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 126,488 shares of the financial services provider’s stock after acquiring an additional 5,955 shares during the period. Nisa Investment Advisors LLC’s holdings in Nasdaq were worth $12,286,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Front Row Advisors LLC acquired a new position in shares of Nasdaq during the second quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Nasdaq in the 2nd quarter valued at $27,000. Tripletail Wealth Management LLC acquired a new stake in Nasdaq in the 3rd quarter valued at $27,000. Westside Investment Management Inc. increased its stake in Nasdaq by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 318 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 159 shares in the last quarter. Finally, West Branch Capital LLC bought a new stake in Nasdaq during the 3rd quarter valued at $29,000. Institutional investors own 72.47% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on NDAQ. Raymond James Financial reaffirmed an “outperform” rating and issued a $109.00 price objective on shares of Nasdaq in a research note on Wednesday, February 25th. Royal Bank Of Canada reissued an “outperform” rating and set a $108.00 target price on shares of Nasdaq in a research report on Friday, January 30th. TD Cowen upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and upped their target price for the stock 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. lifted their price target on Nasdaq from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Nasdaq currently has an average rating of “Buy” and a consensus target price of $103.71.

Nasdaq Price Performance

NDAQ opened at $85.15 on Thursday. 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 company has a market capitalization of $48.40 billion, a price-to-earnings ratio of 27.56, a P/E/G ratio of 1.56 and a beta of 1.02. The firm’s fifty day moving average price is $86.82 and its two-hundred day moving average price is $89.84. Nasdaq, Inc. has a 1 year low of $64.84 and a 1 year high of $101.79.

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

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 16th were 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 was Monday, March 16th. Nasdaq’s payout ratio is presently 34.95%.

Insider Activity

In other Nasdaq news, EVP John Zecca sold 4,500 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were 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. The trade was a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adena T. Friedman sold 92,840 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $90.08, for a total value of $8,363,027.20. Following the completion of the transaction, the chief executive officer owned 2,079,323 shares in the company, valued at approximately $187,305,415.84. The trade was a 4.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 697,340 shares of company stock worth $66,803,072. Insiders own 0.70% of the company’s stock.

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.