Paralel Advisors LLC Has $3.08 Million Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Paralel Advisors LLC grew its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 10.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,782 shares of the financial services provider’s stock after purchasing an additional 3,616 shares during the quarter. Paralel Advisors LLC’s holdings in Nasdaq were worth $3,076,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of NDAQ. Rakuten Securities Inc. purchased a new stake in shares of Nasdaq during the fourth quarter valued at $26,000. Founders Capital Management acquired a new position in shares of Nasdaq in the 4th quarter valued at $27,000. Kestra Investment Management LLC bought a new stake in shares of Nasdaq in the fourth quarter valued at about $33,000. Raleigh Capital Management Inc. increased its position in shares of Nasdaq by 106.6% during 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. Finally, TCTC Holdings LLC purchased a new stake in shares of Nasdaq in the 4th quarter worth about $41,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NDAQ has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and upped their target price for the stock from $80.00 to $98.00 in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods boosted their price target on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Morgan Stanley lowered Nasdaq from an “overweight” rating to an “equal weight” rating and set a $74.00 target price for the company. in a research report on Tuesday. StockNews.com cut Nasdaq from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Bank of America increased their target price on shares of Nasdaq from $103.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.88.

Insider Buying and Selling

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 59,694 shares in the company, valued at approximately $4,398,253.92. This trade represents a 20.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Bryan Everard Smith sold 657 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $71.81, for a total value of $47,179.17. Following the transaction, the executive vice president now owns 61,980 shares in the company, valued at approximately $4,450,783.80. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,116 shares of company stock valued at $1,434,818 over the last quarter. Company insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ traded down $1.33 during midday trading on Thursday, hitting $70.66. 494,152 shares of the company’s stock were exchanged, compared to its average volume of 2,820,148. The stock’s 50 day moving average price is $77.24 and its 200-day moving average price is $77.45. Nasdaq, Inc. has a twelve month low of $58.10 and a twelve month high of $84.15. The firm has a market cap of $40.64 billion, a P/E ratio of 36.80, a PEG ratio of 2.12 and a beta of 1.02. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last announced 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 return on equity of 14.82% and a net margin of 15.10%. Equities research analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Friday, March 14th. Nasdaq’s dividend payout ratio (DPR) is 50.00%.

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.