Nasdaq, Inc. (NASDAQ:NDAQ) Position Boosted by Xponance Inc.

Xponance Inc. lifted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 92,373 shares of the financial services provider’s stock after buying an additional 2,208 shares during the quarter. Xponance Inc.’s holdings in Nasdaq were worth $7,141,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NDAQ. Rakuten Securities Inc. bought a new position in shares of Nasdaq during the fourth quarter worth about $26,000. Founders Capital Management bought a new position in shares of Nasdaq during the fourth quarter worth about $27,000. Kestra Investment Management LLC bought a new position in shares of Nasdaq during the fourth quarter worth about $33,000. Raleigh Capital Management Inc. lifted its position in shares of Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 225 shares during the last quarter. Finally, TCTC Holdings LLC bought a new position in shares of Nasdaq during the fourth quarter worth about $41,000. Institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 3,500 shares of the firm’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 transaction of $285,460.00. Following the completion of the sale, the executive vice president now directly owns 55,576 shares in the company, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the sale, the executive vice president now owns 59,694 shares of the company’s stock, valued at $4,398,253.92. The trade was a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

Nasdaq Price Performance

NASDAQ NDAQ opened at $76.58 on Thursday. Nasdaq, Inc. has a 12 month low of $58.10 and a 12 month high of $84.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The firm has a market capitalization of $44.04 billion, a PE ratio of 39.89, a P/E/G ratio of 2.12 and a beta of 0.96. The company’s 50 day simple moving average is $79.20 and its 200 day simple moving average is $77.38.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, equities research analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Friday, March 14th. Nasdaq’s payout ratio is 50.00%.

Analysts Set New Price Targets

NDAQ has been the topic of a number of recent research reports. UBS Group raised their target price on shares of Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. William Blair initiated coverage on shares of Nasdaq in a report on Monday, November 25th. They issued an “outperform” rating on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 target price on shares of Nasdaq in a report on Thursday, January 30th. JPMorgan Chase & Co. raised their target price on shares of Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Finally, Barclays cut their target price on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

Nasdaq Company 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.