Pacer Advisors Inc. Increases Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Pacer Advisors Inc. increased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 75.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,933 shares of the financial services provider’s stock after purchasing an additional 23,244 shares during the period. Pacer Advisors Inc.’s holdings in Nasdaq were worth $4,170,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of NDAQ. Catalyst Capital Advisors LLC bought a new position in shares of Nasdaq in the 3rd quarter worth approximately $27,000. Founders Capital Management bought a new position in Nasdaq in the fourth quarter worth approximately $27,000. Claro Advisors LLC purchased a new position in shares of Nasdaq during the 3rd quarter worth $33,000. Raleigh Capital Management Inc. grew its position 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 valued at $34,000 after acquiring an additional 225 shares during the period. Finally, Focused Wealth Management Inc purchased a new stake in shares of Nasdaq in the 3rd quarter worth $35,000. 72.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Pc Nelson Griggs sold 5,742 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total value of $444,086.28. Following the completion of 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 can be accessed through the SEC website. Also, EVP Jeremy Skule sold 12,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total transaction of $935,040.00. Following the transaction, the executive vice president now owns 114,580 shares in the company, valued at $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. Insiders sold 29,817 shares of company stock valued at $2,330,033 over the last three months. 0.70% of the stock is owned by company insiders.

Nasdaq Trading Up 0.7 %

Shares of NDAQ opened at $82.28 on Friday. The stock has a market capitalization of $47.29 billion, a PE ratio of 49.27, a P/E/G ratio of 2.77 and a beta of 0.98. The company’s fifty day moving average is $79.53 and its 200 day moving average is $74.56. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. Nasdaq, Inc. has a fifty-two week low of $54.90 and a fifty-two week high of $83.77.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. Sell-side analysts expect that Nasdaq, Inc. will post 2.81 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, March 28th. Investors of record on Friday, March 14th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.17%. Nasdaq’s dividend payout ratio is presently 57.49%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Piper Sandler boosted their price target on Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. TD Cowen decreased their target price on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. Argus upped their price target on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group raised their price objective on shares of Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Nasdaq has an average rating of “Moderate Buy” and a consensus target price of $86.88.

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.