Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Global Financial Private Client LLC

Global Financial Private Client LLC lifted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 16.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,115 shares of the financial services provider’s stock after acquiring an additional 1,709 shares during the period. Global Financial Private Client LLC’s holdings in Nasdaq were worth $937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its stake in shares of Nasdaq by 25.5% in the second quarter. Private Advisor Group LLC now owns 10,065 shares of the financial services provider’s stock worth $607,000 after purchasing an additional 2,045 shares during the last quarter. American Century Companies Inc. raised its position in Nasdaq by 35.8% during the 2nd quarter. American Century Companies Inc. now owns 957,825 shares of the financial services provider’s stock worth $57,719,000 after buying an additional 252,631 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Nasdaq by 17.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 161,046 shares of the financial services provider’s stock valued at $9,780,000 after acquiring an additional 24,093 shares during the period. Meeder Advisory Services Inc. purchased a new stake in shares of Nasdaq in the 2nd quarter valued at $244,000. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of Nasdaq by 7.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,914 shares of the financial services provider’s stock valued at $236,000 after acquiring an additional 279 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Price Performance

Shares of Nasdaq stock opened at $76.18 on Tuesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The business has a 50 day simple moving average of $79.29 and a two-hundred day simple moving average of $73.00. The stock has a market capitalization of $43.79 billion, a P/E ratio of 45.62, a PEG ratio of 3.12 and a beta of 0.98. Nasdaq, Inc. has a 12 month low of $54.90 and a 12 month high of $83.77.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 EPS. As a group, analysts predict that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is 57.49%.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the transaction, the executive vice president now directly owns 142,830 shares in the company, valued at $10,757,955.60. The trade was a 8.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Pc Nelson Griggs sold 5,742 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total value of $444,086.28. Following the sale, the insider now directly owns 205,821 shares of the company’s stock, valued at approximately $15,918,196.14. This trade represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,459 shares of company stock worth $3,811,808 in the last ninety days. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Citigroup boosted their target price on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday. Barclays decreased their price objective on Nasdaq from $97.00 to $96.00 and set an “overweight” rating for the company in a report on Monday. Morgan Stanley raised their target price on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. TD Cowen reduced their price target on Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $95.00 price objective on shares of Nasdaq in a research report on Thursday, January 9th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.73.

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.