HBK Sorce Advisory LLC Invests $202,000 in Nasdaq, Inc. (NASDAQ:NDAQ)

HBK Sorce Advisory LLC purchased a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the fourth quarter, HoldingsChannel reports. The firm purchased 2,618 shares of the financial services provider’s stock, valued at approximately $202,000.

A number of other institutional investors also recently made changes to their positions in the stock. Wellington Management Group LLP lifted its stake in shares of Nasdaq by 163.3% in the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock worth $2,835,235,000 after acquiring an additional 24,084,154 shares during the period. State Street Corp lifted its stake in shares of Nasdaq by 11.2% in the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock worth $1,310,653,000 after acquiring an additional 1,811,616 shares during the period. Geode Capital Management LLC lifted its stake in shares of Nasdaq by 9.5% in the 3rd quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider’s stock worth $783,181,000 after acquiring an additional 932,665 shares during the period. Harris Associates L P lifted its stake in Nasdaq by 14.6% during the third quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock valued at $627,596,000 after purchasing an additional 1,096,090 shares during the last quarter. Finally, Mizuho Securities USA LLC lifted its stake in Nasdaq by 13,532.3% during the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock valued at $292,040,000 after purchasing an additional 3,970,658 shares during the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Stock Up 1.5 %

Nasdaq stock opened at $73.26 on Friday. The firm has a market cap of $42.14 billion, a PE ratio of 38.16, a P/E/G ratio of 2.12 and a beta of 0.96. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The firm’s 50 day moving average price is $79.30 and its two-hundred day moving average price is $77.29. Nasdaq, Inc. has a twelve month low of $57.96 and a twelve month high of $84.15.

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

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s dividend payout ratio is 50.00%.

Analyst Upgrades and Downgrades

Several analysts recently commented on NDAQ shares. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a “hold” rating to a “buy” rating and increased their target price for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. UBS Group increased their target price on shares of Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Keefe, Bruyette & Woods increased their target price on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Citigroup increased their target price on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Finally, Barclays cut their target price on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and an average price target of $86.88.

Insiders Place Their Bets

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the sale, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.

About Nasdaq

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.