UniSuper Management Pty Ltd Grows Stock Position in Nasdaq, Inc. $NDAQ

UniSuper Management Pty Ltd boosted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 13.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,207 shares of the financial services provider’s stock after buying an additional 5,158 shares during the period. UniSuper Management Pty Ltd’s holdings in Nasdaq were worth $3,822,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Front Row Advisors LLC purchased a new stake in Nasdaq in the second quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC purchased a new position in Nasdaq during the second quarter worth approximately $27,000. Tripletail Wealth Management LLC acquired a new position in shares of Nasdaq in the 3rd quarter valued at $27,000. Access Investment Management LLC acquired a new position in shares of Nasdaq in the 2nd quarter valued at $28,000. Finally, West Branch Capital LLC purchased a new stake in shares of Nasdaq during the 3rd quarter valued at $29,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In related news, EVP John Zecca sold 4,500 shares of the firm’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $100.01, for a total transaction of $450,045.00. Following the completion of the sale, the executive vice president directly owned 125,674 shares of the company’s stock, valued at approximately $12,568,656.74. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adena T. Friedman sold 300,000 shares of Nasdaq stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $96.39, for a total transaction of $28,917,000.00. Following the sale, the chief executive officer directly owned 1,924,903 shares in the company, valued at $185,541,400.17. This trade represents a 13.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 306,605 shares of company stock valued at $29,546,812 over the last 90 days. 0.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NDAQ. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $108.00 target price on shares of Nasdaq in a research report on Thursday, October 9th. Morgan Stanley restated an “overweight” rating and issued a $113.00 price objective (up from $111.00) on shares of Nasdaq in a report on Thursday, January 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Nasdaq in a research note on Friday, January 9th. JPMorgan Chase & Co. boosted their target price on Nasdaq from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Finally, TD Cowen reissued a “hold” rating on shares of Nasdaq in a research report on Wednesday, January 14th. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.67.

Nasdaq Price Performance

NDAQ stock opened at $98.89 on Tuesday. The firm has a market cap of $56.47 billion, a P/E ratio of 35.32, a price-to-earnings-growth ratio of 1.46 and a beta of 1.01. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.99 and a current ratio of 0.99. Nasdaq, Inc. has a 1 year low of $64.84 and a 1 year high of $101.79. The stock has a 50-day simple moving average of $94.82 and a 200-day simple moving average of $92.41.

About Nasdaq

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.