Applied Capital LLC FL Reduces Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Applied Capital LLC FL decreased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,987 shares of the financial services provider’s stock after selling 170 shares during the quarter. Nasdaq comprises 1.9% of Applied Capital LLC FL’s holdings, making the stock its 16th largest position. Applied Capital LLC FL’s holdings in Nasdaq were worth $2,473,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NDAQ. Olstein Capital Management L.P. raised its holdings in shares of Nasdaq by 35.6% during the 4th quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider’s stock worth $6,185,000 after acquiring an additional 21,000 shares during the period. Flagship Harbor Advisors LLC raised its stake in Nasdaq by 1.1% during the fourth quarter. Flagship Harbor Advisors LLC now owns 18,123 shares of the financial services provider’s stock worth $1,401,000 after purchasing an additional 193 shares during the period. CX Institutional acquired a new position in Nasdaq in the 4th quarter valued at about $219,000. Whalen Wealth Management Inc. purchased a new position in Nasdaq in the fourth quarter worth approximately $474,000. Finally, Raleigh Capital Management Inc. lifted its stake in shares of 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 purchasing an additional 225 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NDAQ shares. Citigroup boosted their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Raymond James upped their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Barclays dropped their target price on shares of Nasdaq from $97.00 to $96.00 and set an “overweight” rating for the company in a report on Monday, January 13th. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. Finally, Argus boosted their price target on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $85.73.

Nasdaq Stock Up 0.1 %

NDAQ stock opened at $81.15 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $46.64 billion, a PE ratio of 48.59, a P/E/G ratio of 2.77 and a beta of 0.98. Nasdaq, Inc. has a 12 month low of $54.90 and a 12 month high of $83.77. The firm has a 50 day simple moving average of $79.41 and a 200 day simple moving average of $74.11.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. Nasdaq’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 earnings per share. Equities research analysts forecast that Nasdaq, Inc. will post 2.81 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is 57.49%.

Insider Buying and Selling

In other Nasdaq news, EVP Jeremy Skule sold 12,075 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the completion of the transaction, the executive vice president now directly owns 102,505 shares of the company’s stock, valued at approximately $8,072,268.75. The trade was a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Bradley J. Peterson sold 13,642 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the sale, the executive vice president now directly owns 142,830 shares in the company, valued at $10,757,955.60. This trade represents a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,459 shares of company stock valued at $3,811,808. 0.70% of the stock is owned by company insiders.

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.