Nasdaq, Inc. $NDAQ Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC grew its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,086 shares of the financial services provider’s stock after acquiring an additional 8,177 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Nasdaq were worth $7,099,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. NBC Securities Inc. grew its holdings in Nasdaq by 7.8% during the 4th quarter. NBC Securities Inc. now owns 1,529 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 111 shares in the last quarter. ORG Wealth Partners LLC grew its holdings in Nasdaq by 6.9% during the 4th quarter. ORG Wealth Partners LLC now owns 1,746 shares of the financial services provider’s stock worth $170,000 after acquiring an additional 112 shares in the last quarter. Independent Advisor Alliance grew its holdings in Nasdaq by 2.6% during the 4th quarter. Independent Advisor Alliance now owns 4,574 shares of the financial services provider’s stock worth $444,000 after acquiring an additional 117 shares in the last quarter. Orgel Wealth Management LLC grew its holdings in Nasdaq by 4.7% during the 4th quarter. Orgel Wealth Management LLC now owns 2,623 shares of the financial services provider’s stock worth $255,000 after acquiring an additional 118 shares in the last quarter. Finally, Frank Rimerman Advisors LLC grew its holdings in Nasdaq by 1.5% during the 4th quarter. Frank Rimerman Advisors LLC now owns 8,560 shares of the financial services provider’s stock worth $831,000 after acquiring an additional 128 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Trading Down 0.9%

Nasdaq stock opened at $86.72 on Thursday. The firm’s 50-day moving average is $88.76 and its 200-day moving average is $90.11. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.00. Nasdaq, Inc. has a 1 year low of $77.09 and a 1 year high of $101.79. The company has a market cap of $49.04 billion, a P/E ratio of 26.12, a PEG ratio of 1.75 and a beta of 0.97.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. Nasdaq had a net margin of 23.15% and a return on equity of 17.51%. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the firm posted $0.79 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, equities analysts expect that Nasdaq, Inc. will post 3.86 earnings per share for the current year.

Nasdaq Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, June 12th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.27. Nasdaq’s dividend payout ratio (DPR) is presently 32.53%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NDAQ shares. Argus raised shares of Nasdaq to a “strong-buy” rating in a report on Wednesday, February 11th. Loop Capital set a $113.00 price objective on shares of Nasdaq in a report on Friday, April 24th. Wall Street Zen upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Keefe, Bruyette & Woods raised their price target on shares of Nasdaq from $92.00 to $97.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Finally, Raymond James Financial restated an “outperform” rating and issued a $109.00 price target on shares of Nasdaq in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $107.15.

Insider Activity

In other Nasdaq news, insider Cohen Tal sold 15,518 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $90.75, for a total transaction of $1,408,258.50. Following the completion of the transaction, the insider directly owned 215,208 shares of the company’s stock, valued at $19,530,126. The trade was a 6.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Michelle Lynn Daly sold 1,323 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $88.82, for a total transaction of $117,508.86. Following the transaction, the senior vice president directly owned 10,089 shares of the company’s stock, valued at $896,104.98. The trade was a 11.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 138,162 shares of company stock valued at $11,932,913. Company insiders own 0.60% of the company’s stock.

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.