Asahi Life Asset Management CO. LTD. Invests $202,000 in Nasdaq, Inc. (NASDAQ:NDAQ)

Asahi Life Asset Management CO. LTD. purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,770 shares of the financial services provider’s stock, valued at approximately $202,000.

A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Nasdaq by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock valued at $3,043,936,000 after buying an additional 3,173,981 shares during the last quarter. Farallon Capital Management LLC raised its holdings in Nasdaq by 28.4% in the first quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock valued at $532,357,000 after acquiring an additional 1,866,219 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings in Nasdaq by 2.0% in the second quarter. Diamond Hill Capital Management Inc. now owns 4,767,175 shares of the financial services provider’s stock valued at $287,270,000 after acquiring an additional 94,122 shares in the last quarter. Bessemer Group Inc. boosted its stake in Nasdaq by 26.5% during the 1st quarter. Bessemer Group Inc. now owns 2,878,115 shares of the financial services provider’s stock valued at $181,609,000 after acquiring an additional 602,040 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Nasdaq by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,443,939 shares of the financial services provider’s stock worth $147,272,000 after acquiring an additional 82,606 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $88.00 price target on shares of Nasdaq in a research report on Friday. Piper Sandler increased their target price on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. The Goldman Sachs Group lifted their target price on Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. UBS Group upped their price target on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Finally, Barclays lifted their price objective on shares of Nasdaq from $84.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $79.27.

Nasdaq Trading Up 0.9 %

Shares of NDAQ stock opened at $75.34 on Tuesday. The firm has a market capitalization of $43.39 billion, a PE ratio of 45.11, a price-to-earnings-growth ratio of 3.10 and a beta of 0.95. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.94 and a current ratio of 0.95. Nasdaq, Inc. has a 1 year low of $47.72 and a 1 year high of $75.89. The stock has a fifty day moving average of $72.66 and a two-hundred day moving average of $65.80.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The business’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 earnings per share. As a group, research analysts expect that Nasdaq, Inc. will post 2.76 EPS for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Friday, December 6th. Nasdaq’s dividend payout ratio is presently 57.49%.

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.