One Degree Advisors Inc Buys Shares of 2,724 Nasdaq, Inc. (NASDAQ:NDAQ)

One Degree Advisors Inc bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 2,724 shares of the financial services provider’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds also recently modified their holdings of NDAQ. Allworth Financial LP grew its holdings in Nasdaq by 12.3% during the fourth quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 141 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Nasdaq by 1.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock worth $759,000 after purchasing an additional 148 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of Nasdaq by 8.5% in the 4th quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider’s stock valued at $147,000 after buying an additional 148 shares during the period. Crestwood Advisors Group LLC grew its holdings in shares of Nasdaq by 4.1% in the 4th quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider’s stock valued at $295,000 after buying an additional 152 shares during the period. Finally, Crestmont Private Wealth LLC increased its position in shares of Nasdaq by 2.4% in the 4th quarter. Crestmont Private Wealth LLC now owns 8,017 shares of the financial services provider’s stock valued at $620,000 after buying an additional 185 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

Nasdaq Stock Performance

NDAQ opened at $66.40 on Wednesday. The business’s 50-day simple moving average is $77.65 and its 200 day simple moving average is $77.51. Nasdaq, Inc. has a 52-week low of $58.10 and a 52-week high of $84.15. 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 has a market capitalization of $38.19 billion, a PE ratio of 34.58, a PEG ratio of 2.12 and a beta of 1.02.

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

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.45%. Nasdaq’s dividend payout ratio is presently 50.00%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NDAQ shares. Citigroup decreased their target price on Nasdaq from $84.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday. Keefe, Bruyette & Woods increased their target price on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Bank of America raised their target price on shares of Nasdaq from $103.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, April 2nd. JPMorgan Chase & Co. upped their price target on shares of Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, Morgan Stanley lowered shares of Nasdaq from an “overweight” rating to an “equal weight” rating and set a $74.00 price objective on the stock. in a report on Tuesday. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.88.

Insider Activity

In related news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the sale, the executive vice president now owns 55,576 shares in the company, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction 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 transaction, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at approximately $4,398,253.92. This trade represents a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,116 shares of company stock valued at $1,434,818. 0.70% of the stock is owned by company insiders.

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.