Nasdaq, Inc. (NASDAQ:NDAQ) Stock Position Increased by Advisory Services Network LLC

Advisory Services Network LLC boosted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 55.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,494 shares of the financial services provider’s stock after buying an additional 2,324 shares during the quarter. Advisory Services Network LLC’s holdings in Nasdaq were worth $502,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. 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 stake in Nasdaq during the 4th quarter worth about $27,000. Kestra Investment Management LLC purchased a new stake in Nasdaq during the fourth quarter valued at about $33,000. Raleigh Capital Management Inc. boosted its holdings in shares of Nasdaq by 106.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after buying an additional 225 shares during the period. Finally, TCTC Holdings LLC purchased a new position in shares of Nasdaq in the fourth quarter worth approximately $41,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Sarah Youngwood sold 14,959 shares of the firm’s stock in a transaction dated 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 sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of the business’s stock in a transaction dated 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 directly owns 61,980 shares of the company’s stock, valued at $4,450,783.80. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,116 shares of company stock valued at $1,434,818 over the last 90 days. 0.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NDAQ has been the subject of several research analyst reports. Raymond James upped their price target on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Piper Sandler raised their target price on Nasdaq from $80.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 8th. Morgan Stanley lowered Nasdaq from an “overweight” rating to an “equal weight” rating and set a $74.00 price target on the stock. in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods raised their price objective on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 target price on shares of Nasdaq in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $85.56.

Nasdaq Stock Down 2.0 %

Nasdaq stock opened at $71.69 on Thursday. The company has a market capitalization 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 1-year low of $58.10 and a 1-year high of $84.15. The firm’s fifty day simple moving average is $76.17 and its 200-day simple moving average is $77.39. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly 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%. Sell-side analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.34%. Nasdaq’s dividend payout ratio (DPR) is presently 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.