108,492 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Bought by Zacks Investment Management

Zacks Investment Management bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 108,492 shares of the financial services provider’s stock, valued at approximately $8,388,000.

A number of other large investors have also recently added to or reduced their stakes in NDAQ. Rakuten Securities Inc. acquired a new position in shares of Nasdaq during the fourth quarter worth about $26,000. Founders Capital Management bought a new stake in Nasdaq in the 4th quarter valued at approximately $27,000. Kestra Investment Management LLC acquired a new position in Nasdaq during the 4th quarter worth approximately $33,000. Raleigh Capital Management Inc. grew its stake 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 worth $34,000 after acquiring an additional 225 shares in the last quarter. Finally, TCTC Holdings LLC acquired a new stake in shares of Nasdaq in the fourth quarter valued at approximately $41,000. Institutional investors own 72.47% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on NDAQ shares. Raymond James increased their target price on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Citigroup decreased their price objective on Nasdaq from $84.00 to $75.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Keefe, Bruyette & Woods upped their target price on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a “hold” rating to a “buy” rating and raised their price target for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. upped their price objective on Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $85.56.

Nasdaq Stock Down 2.0 %

Nasdaq stock opened at $71.69 on Thursday. The company’s 50-day moving average price is $76.17 and its two-hundred day moving average price is $77.39. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The stock has a market cap of $41.23 billion, a P/E ratio of 37.34, a P/E/G ratio of 2.12 and a beta of 1.02. Nasdaq, Inc. has a twelve month low of $58.10 and a twelve month high of $84.15.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share 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, analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.34%. Nasdaq’s payout ratio is presently 50.00%.

Insider Activity at Nasdaq

In related news, EVP Bryan Everard Smith sold 657 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 61,980 shares in the company, valued at approximately $4,450,783.80. The trade was a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Sarah Youngwood sold 14,959 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 19,116 shares of company stock worth $1,434,818. Corporate insiders own 0.70% of the company’s stock.

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.