GHP Investment Advisors Inc. Increases Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

GHP Investment Advisors Inc. increased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 19.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 133,504 shares of the financial services provider’s stock after purchasing an additional 21,768 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Nasdaq were worth $10,321,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Founders Capital Management purchased a new position in shares of Nasdaq in the 4th quarter worth approximately $27,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Nasdaq during the 3rd quarter worth approximately $27,000. Raleigh Capital Management Inc. raised its holdings in shares of Nasdaq by 106.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 225 shares during the period. Claro Advisors LLC purchased a new position in Nasdaq in the third quarter valued at approximately $33,000. Finally, Focused Wealth Management Inc bought a new position in Nasdaq during the third quarter valued at $35,000. 72.47% of the stock is owned by institutional investors.

Nasdaq Stock Up 1.4 %

NDAQ stock opened at $82.86 on Thursday. The company’s 50 day moving average is $79.54 and its 200 day moving average is $75.18. The stock has a market cap of $47.62 billion, a price-to-earnings ratio of 43.16, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99. 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, Inc. has a 1-year low of $54.90 and a 1-year high of $83.77.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Sell-side analysts predict that Nasdaq, Inc. will post 3.17 EPS for the current fiscal year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.16%. Nasdaq’s payout ratio is 50.00%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Morgan Stanley upped their price target on Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Nasdaq in a report on Thursday, January 30th. Keefe, Bruyette & Woods lifted their target price on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and upped their price target for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. Finally, Oppenheimer boosted their target price on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Nasdaq currently has an average rating of “Moderate Buy” and an average price target of $86.88.

Insiders Place Their Bets

In other news, EVP Jeremy Skule sold 12,075 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $78.75, for a total value of $950,906.25. Following the completion of the sale, the executive vice president now owns 102,505 shares of the company’s stock, valued at approximately $8,072,268.75. The trade was a 10.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the transaction, the executive vice president now owns 55,576 shares in the company, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Nasdaq 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.