Artisan Partners Limited Partnership Has $105.33 Million Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Artisan Partners Limited Partnership boosted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 6.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,362,414 shares of the financial services provider’s stock after purchasing an additional 77,285 shares during the period. Artisan Partners Limited Partnership owned 0.24% of Nasdaq worth $105,328,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Rakuten Securities Inc. acquired a new stake in shares of Nasdaq in the fourth quarter valued at $26,000. Founders Capital Management bought a new stake in Nasdaq during the 4th quarter worth about $27,000. Kestra Investment Management LLC acquired a new stake in Nasdaq in the 4th quarter valued at about $33,000. Raleigh Capital Management Inc. increased its position in Nasdaq by 106.6% in 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 in the last quarter. Finally, TCTC Holdings LLC bought a new position in shares of Nasdaq in the fourth quarter worth about $41,000. Institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the sale, the executive vice president now directly owns 55,576 shares in the company, valued at $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the transaction, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at $4,398,253.92. This represents a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Oppenheimer raised their price target on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 target price on shares of Nasdaq in a research note on Thursday, January 30th. JPMorgan Chase & Co. upped their price target on Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. UBS Group boosted their price objective on Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Finally, Citigroup upped their target price on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Nasdaq has an average rating of “Moderate Buy” and an average price target of $86.88.

Nasdaq Price Performance

NDAQ opened at $76.36 on Friday. The stock has a market cap of $43.92 billion, a P/E ratio of 39.77, a P/E/G ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a 12 month low of $58.10 and a 12 month high of $84.15. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The company has a fifty day simple moving average of $79.20 and a 200 day simple moving average of $77.53.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. On average, research analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.26%. Nasdaq’s dividend payout ratio (DPR) is currently 50.00%.

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.