Stanley Laman Group Ltd. Makes New $299,000 Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

Stanley Laman Group Ltd. purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 5,151 shares of the financial services provider’s stock, valued at approximately $299,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in NDAQ. Coldstream Capital Management Inc. increased its position in shares of Nasdaq by 5.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,788 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 255 shares during the last quarter. State of Michigan Retirement System increased its holdings in Nasdaq by 0.3% in the fourth quarter. State of Michigan Retirement System now owns 93,190 shares of the financial services provider’s stock valued at $5,418,000 after buying an additional 300 shares during the last quarter. Arizona State Retirement System increased its holdings in Nasdaq by 0.3% in the third quarter. Arizona State Retirement System now owns 93,723 shares of the financial services provider’s stock valued at $4,554,000 after buying an additional 306 shares during the last quarter. Avitas Wealth Management LLC raised its stake in Nasdaq by 1.7% in the fourth quarter. Avitas Wealth Management LLC now owns 19,094 shares of the financial services provider’s stock valued at $1,110,000 after buying an additional 315 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in Nasdaq by 74.9% during the 4th quarter. Allworth Financial LP now owns 815 shares of the financial services provider’s stock worth $47,000 after buying an additional 349 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Activity

In related news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the completion of the transaction, the insider now directly owns 58,341,545 shares of the company’s stock, valued at $3,383,809,610. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the transaction, the insider now owns 58,341,545 shares of the company’s stock, valued at $3,383,809,610. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bryan Everard Smith sold 7,400 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were 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 directly owns 61,672 shares of the company’s stock, valued at approximately $3,879,785.52. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ traded down $0.17 during midday trading on Friday, reaching $60.12. 4,792,085 shares of the company were exchanged, compared to its average volume of 3,181,565. The stock has a fifty day simple moving average of $59.93 and a 200 day simple moving average of $56.46. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.94. The stock has a market cap of $34.58 billion, a P/E ratio of 28.49, a PEG ratio of 2.82 and a beta of 0.93. Nasdaq, Inc. has a 1 year low of $46.88 and a 1 year high of $64.25.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, April 25th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the firm posted $0.69 EPS. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, research analysts forecast that Nasdaq, Inc. will post 2.75 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Friday, June 14th. This is a boost from Nasdaq’s previous quarterly dividend of $0.22. Nasdaq’s dividend payout ratio (DPR) is 41.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Oppenheimer raised their price objective on shares of Nasdaq from $65.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Piper Sandler upped their target price on shares of Nasdaq from $70.00 to $71.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Morgan Stanley raised shares of Nasdaq from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $59.00 to $80.00 in a research report on Tuesday, April 9th. Finally, Edward Jones assumed coverage on shares of Nasdaq in a research report on Wednesday, April 3rd. They issued a “buy” rating for the company. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Nasdaq presently has an average rating of “Moderate Buy” and an average target price of $66.92.

Nasdaq Company 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.