Nasdaq, Inc. $NDAQ Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund grew its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 1,243.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 239,615 shares of the financial services provider’s stock after buying an additional 221,783 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Nasdaq were worth $20,341,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Nasdaq by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 59,916,887 shares of the financial services provider’s stock valued at $5,819,727,000 after acquiring an additional 268,481 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Nasdaq by 4.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 27,627,767 shares of the financial services provider’s stock worth $2,683,485,000 after acquiring an additional 1,258,964 shares during the last quarter. State Street Corp grew its holdings in Nasdaq by 1.3% during the 4th quarter. State Street Corp now owns 19,878,600 shares of the financial services provider’s stock worth $1,930,808,000 after acquiring an additional 259,408 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Nasdaq by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 12,851,894 shares of the financial services provider’s stock valued at $1,243,807,000 after purchasing an additional 378,577 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Nasdaq by 62.6% in the 4th quarter. Morgan Stanley now owns 9,266,562 shares of the financial services provider’s stock valued at $900,061,000 after purchasing an additional 3,567,843 shares during the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Nasdaq

In related news, major shareholder Ab Investor acquired 56,782 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was bought at an average price of $85.98 per share, for a total transaction of $4,882,116.36. Following the completion of the purchase, the insider directly owned 58,439,208 shares of the company’s stock, valued at approximately $5,024,603,103.84. The trade was a 0.10% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Nasdaq Stock Up 2.0%

NDAQ stock opened at $93.94 on Tuesday. The stock has a market cap of $52.51 billion, a P/E ratio of 27.39, a PEG ratio of 1.43 and a beta of 0.99. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a twelve month low of $76.55 and a twelve month high of $101.79. The company’s 50 day moving average is $87.46 and its two-hundred day moving average is $88.40.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.09. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.85 EPS. Research analysts expect that Nasdaq, Inc. will post 4.03 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. Nasdaq’s payout ratio is 36.15%.

Analyst Upgrades and Downgrades

NDAQ has been the topic of a number of analyst reports. Rothschild & Co Redburn set a $110.00 price objective on shares of Nasdaq in a report on Thursday, June 11th. Loop Capital set a $113.00 target price on Nasdaq in a report on Friday, April 24th. Wall Street Zen raised Nasdaq from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Barclays restated an “overweight” rating and issued a $111.00 price target (up from $108.00) on shares of Nasdaq in a research note on Friday. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $120.00 price target on shares of Nasdaq in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Nasdaq has an average rating of “Buy” and an average price target of $109.73.

Nasdaq 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.