Montag A & Associates Inc. Buys 3,787 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Montag A & Associates Inc. increased its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 13.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,775 shares of the financial services provider’s stock after purchasing an additional 3,787 shares during the period. Montag A & Associates Inc.’s holdings in Nasdaq were worth $1,906,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board raised its position in Nasdaq by 48.7% in the 3rd quarter. Canada Pension Plan Investment Board now owns 428,643 shares of the financial services provider’s stock worth $20,828,000 after purchasing an additional 140,286 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its position in shares of Nasdaq by 10.9% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 446,910 shares of the financial services provider’s stock valued at $21,715,000 after acquiring an additional 43,910 shares during the last quarter. ING Groep NV raised its position in shares of Nasdaq by 6.9% during the 3rd quarter. ING Groep NV now owns 53,838 shares of the financial services provider’s stock valued at $2,616,000 after acquiring an additional 3,455 shares during the last quarter. Braun Stacey Associates Inc. raised its position in shares of Nasdaq by 29.5% during the 4th quarter. Braun Stacey Associates Inc. now owns 365,494 shares of the financial services provider’s stock valued at $21,250,000 after acquiring an additional 83,227 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Nasdaq by 1.8% during the 4th quarter. Nordea Investment Management AB now owns 2,326,799 shares of the financial services provider’s stock valued at $135,396,000 after acquiring an additional 40,215 shares during the last quarter. Institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Performance

NASDAQ NDAQ traded up $0.27 during trading on Thursday, reaching $60.18. 1,881,598 shares of the company’s stock were exchanged, compared to its average volume of 3,157,118. The business has a 50 day moving average price of $60.69 and a 200-day moving average price of $57.09. The stock has a market capitalization of $34.62 billion, a P/E ratio of 31.67, a PEG ratio of 3.36 and a beta of 0.94. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.99 and a quick ratio of 0.99. Nasdaq, Inc. has a fifty-two week low of $46.88 and a fifty-two week high of $64.25.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. Nasdaq had a return on equity of 17.00% and a net margin of 15.98%. Nasdaq’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same period last year, the firm earned $0.69 EPS. Sell-side analysts forecast that Nasdaq, Inc. will post 2.69 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis 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 payout ratio is currently 50.53%.

Analyst Ratings Changes

Several brokerages have commented on NDAQ. The Goldman Sachs Group upgraded shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 target price for the company in a research report on Tuesday, March 26th. Keefe, Bruyette & Woods dropped their target price on shares of Nasdaq from $75.00 to $74.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. StockNews.com cut shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Oppenheimer upped their price objective on shares of Nasdaq from $65.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, Piper Sandler lifted their target price on Nasdaq from $70.00 to $71.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.92.

Insider Transactions at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,036 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.89, for a total transaction of $181,826.04. Following the completion of the sale, the executive vice president now owns 58,636 shares in the company, valued at $3,511,710.04. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 58,341,545 shares in the company, valued at $3,383,809,610. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Bryan Everard Smith sold 3,036 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.89, for a total value of $181,826.04. Following the sale, the executive vice president now owns 58,636 shares of the company’s stock, valued at approximately $3,511,710.04. The disclosure for this sale can be found here. Insiders sold a total of 31,010,436 shares of company stock worth $1,798,647,360 over the last quarter. Company insiders own 0.75% of the company’s stock.

About Nasdaq

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.