Invesco LLC Makes New Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

Invesco LLC acquired a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,685 shares of the financial services provider’s stock, valued at approximately $208,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC bought a new stake in shares of Nasdaq during the 3rd quarter valued at about $27,000. Founders Capital Management purchased a new stake in Nasdaq in the fourth quarter worth about $27,000. Claro Advisors LLC bought a new stake in Nasdaq during the 3rd quarter valued at approximately $33,000. Raleigh Capital Management Inc. grew its holdings in shares of Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 225 shares during the period. Finally, Focused Wealth Management Inc bought a new position in shares of Nasdaq in the 3rd quarter worth approximately $35,000. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Stock Performance

Nasdaq stock traded down $1.73 during midday trading on Wednesday, reaching $79.46. 2,019,830 shares of the company traded hands, compared to its average volume of 2,504,527. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. Nasdaq, Inc. has a 12 month low of $54.90 and a 12 month high of $83.77. The firm has a market capitalization of $45.67 billion, a price-to-earnings ratio of 47.70, a price-to-earnings-growth ratio of 2.77 and a beta of 0.98. The business has a 50 day moving average of $79.47 and a two-hundred day moving average of $74.46.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. As a group, research analysts predict that Nasdaq, Inc. will post 2.81 earnings per share for the current year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.21%. Nasdaq’s payout ratio is 57.49%.

Insider Activity at Nasdaq

In other Nasdaq news, insider Pc Nelson Griggs sold 5,742 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total transaction of $444,086.28. Following the sale, the insider now owns 205,821 shares in the company, valued at approximately $15,918,196.14. This trade represents a 2.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeremy Skule sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total transaction of $935,040.00. Following the completion of the transaction, the executive vice president now owns 114,580 shares of the company’s stock, valued at approximately $8,928,073.60. The trade was a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,817 shares of company stock worth $2,330,033. 0.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NDAQ shares. Morgan Stanley upped their price target on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $80.00 to $98.00 in a research note on Wednesday, January 8th. Oppenheimer raised their target price on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. William Blair assumed coverage on Nasdaq in a research report on Monday, November 25th. They issued an “outperform” rating on the stock. Finally, Piper Sandler raised their price objective on Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.73.

Nasdaq 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.