Nasdaq, Inc. $NDAQ Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 9.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 876,648 shares of the financial services provider’s stock after acquiring an additional 75,994 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.15% of Nasdaq worth $77,540,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NDAQ. Massachusetts Financial Services Co. MA boosted its position in shares of Nasdaq by 33.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 27,274,620 shares of the financial services provider’s stock worth $2,438,897,000 after purchasing an additional 6,840,735 shares in the last quarter. Norges Bank purchased a new stake in Nasdaq during the second quarter worth about $406,823,000. Vanguard Group Inc. grew its position in Nasdaq by 6.9% during the third quarter. Vanguard Group Inc. now owns 59,648,406 shares of the financial services provider’s stock worth $5,275,902,000 after buying an additional 3,848,406 shares during the period. Neuberger Berman Group LLC increased its holdings in Nasdaq by 261.7% in the second quarter. Neuberger Berman Group LLC now owns 2,690,186 shares of the financial services provider’s stock valued at $240,556,000 after buying an additional 1,946,479 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in Nasdaq by 4,365.0% in the second quarter. Balyasny Asset Management L.P. now owns 1,641,123 shares of the financial services provider’s stock valued at $146,749,000 after buying an additional 1,604,368 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Transactions at Nasdaq

In other Nasdaq 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 transaction, the chief executive officer owned 1,924,903 shares in the company, valued at $186,542,349.73. This trade represents a 13.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John Zecca sold 4,500 shares of Nasdaq stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 125,674 shares in the company, valued at approximately $12,568,656.74. This represents a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 604,500 shares of company stock valued at $58,440,045 in the last ninety days. Insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NDAQ shares. Argus upgraded shares of Nasdaq to a “strong-buy” rating in a research report on Wednesday, February 11th. Raymond James Financial reissued an “outperform” rating and set a $109.00 price objective on shares of Nasdaq in a research note on Wednesday. UBS Group reissued a “buy” rating and set a $120.00 price target (up from $115.00) on shares of Nasdaq in a research report on Monday, January 12th. Barclays reissued an “overweight” rating and set a $115.00 price objective (up from $114.00) on shares of Nasdaq in a research note on Friday, January 30th. Finally, TD Cowen upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and increased their price objective for the stock from $105.00 to $106.00 in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Nasdaq has an average rating of “Buy” and an average target price of $103.80.

Nasdaq Stock Performance

NDAQ opened at $87.58 on Friday. The business has a 50 day moving average price of $92.79 and a two-hundred day moving average price of $91.27. The company has a market capitalization of $49.78 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 1.46 and a beta of 1.02. Nasdaq, Inc. has a 1-year low of $64.84 and a 1-year 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.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. Nasdaq had a return on equity of 16.90% and a net margin of 21.77%.The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the company posted $0.76 EPS. The company’s revenue was up 13.4% compared to the same quarter last year. Research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

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