Nasdaq, Inc. $NDAQ Shares Bought by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 300.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,200 shares of the financial services provider’s stock after purchasing an additional 21,900 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Nasdaq were worth $2,583,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Nasdaq by 2.3% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 4,935 shares of the financial services provider’s stock valued at $441,000 after acquiring an additional 110 shares in the last quarter. Advisors Capital Management LLC raised its holdings in Nasdaq by 3.4% during the second quarter. Advisors Capital Management LLC now owns 3,968 shares of the financial services provider’s stock worth $355,000 after purchasing an additional 129 shares in the last quarter. PDS Planning Inc raised its holdings in Nasdaq by 4.9% during the third quarter. PDS Planning Inc now owns 2,830 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 133 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its position in Nasdaq by 4.6% in the third quarter. Dynamic Advisor Solutions LLC now owns 3,139 shares of the financial services provider’s stock worth $278,000 after purchasing an additional 139 shares during the period. Finally, Mather Group LLC. lifted its position in Nasdaq by 3.3% in the third quarter. Mather Group LLC. now owns 4,380 shares of the financial services provider’s stock worth $387,000 after purchasing an additional 139 shares during the period. Institutional investors own 72.47% of the company’s stock.

Insider Activity

In other Nasdaq news, CEO Adena T. Friedman sold 300,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $96.91, for a total value of $29,073,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,924,903 shares in the company, valued at $186,542,349.73. This trade represents a 13.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP John Zecca sold 4,500 shares of Nasdaq stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $100.01, for a total transaction of $450,045.00. Following the completion of the transaction, the executive vice president directly owned 125,674 shares in the company, valued at approximately $12,568,656.74. This trade represents a 3.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 604,500 shares of company stock worth $58,440,045. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ opened at $88.43 on Friday. The company has a market capitalization of $50.27 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 1.45 and a beta of 1.03. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a fifty day moving average of $91.78 and a 200-day moving average of $91.01. Nasdaq, Inc. has a one year low of $64.84 and a one year high of $101.79.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, January 29th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Nasdaq had a return on equity of 16.90% and a net margin of 21.77%.The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.76 EPS. As a group, equities analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. Nasdaq’s dividend payout ratio (DPR) is currently 34.95%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NDAQ. JPMorgan Chase & Co. lifted their price target on Nasdaq from $100.00 to $101.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. UBS Group restated a “buy” rating and issued a $120.00 price objective (up from $115.00) on shares of Nasdaq in a report on Monday, January 12th. TD Cowen raised Nasdaq from a “hold” rating to a “buy” rating and lifted their target price for the stock from $105.00 to $106.00 in a report on Thursday, February 26th. Barclays reiterated an “overweight” rating and issued a $115.00 price target (up from $114.00) on shares of Nasdaq in a research report on Friday, January 30th. Finally, Argus raised shares of Nasdaq to a “strong-buy” rating in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $103.80.

Nasdaq Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.