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

Global Financial Private Client LLC grew its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 16.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,115 shares of the financial services provider’s stock after buying 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).

Other institutional investors have also recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI boosted its position in shares of Nasdaq by 3.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 137 shares during the period. First Pacific Financial boosted its holdings in shares of Nasdaq by 1.0% in the third quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock valued at $1,011,000 after acquiring an additional 142 shares during the period. Harbor Capital Advisors Inc. grew 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 acquiring an additional 148 shares during the last quarter. Crestwood Advisors Group LLC grew its position in shares of Nasdaq by 4.2% during the third quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 149 shares during the last quarter. Finally, Kentucky Retirement Systems raised its position in Nasdaq by 0.5% in the 3rd quarter. Kentucky Retirement Systems now owns 28,828 shares of the financial services provider’s stock valued at $2,105,000 after purchasing an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $76.18 on Tuesday. The business has a 50 day moving average price of $79.29 and a 200 day moving average price of $73.00. 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 company 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 1-year low of $54.90 and a 1-year high of $83.77.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business’s revenue was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.71 EPS. Sell-side analysts expect that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.26%. Nasdaq’s dividend payout ratio is presently 57.49%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on NDAQ shares. Raymond James raised their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Barclays lowered their price target on Nasdaq from $97.00 to $96.00 and set an “overweight” rating on the stock in a report on Monday. TD Cowen reduced their price objective on Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, October 28th. UBS Group lifted their target price on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Finally, Citigroup upped their price target on Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $85.73.

Insider Transactions at Nasdaq

In related news, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the sale, the executive vice president now owns 142,830 shares in the company, valued at approximately $10,757,955.60. This trade represents a 8.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jeremy Skule sold 12,075 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the completion of the transaction, the executive vice president now owns 102,505 shares in the company, valued at approximately $8,072,268.75. This trade represents a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,459 shares of company stock valued at $3,811,808 in the last ninety days. 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.