Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by Xponance Inc.

Xponance Inc. boosted its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 92,373 shares of the financial services provider’s stock after acquiring an additional 2,208 shares during the period. Xponance Inc.’s holdings in Nasdaq were worth $7,141,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Rakuten Securities Inc. acquired a new position in Nasdaq during the 4th quarter worth approximately $26,000. Founders Capital Management purchased a new stake in shares of Nasdaq during the 4th quarter worth approximately $27,000. Kestra Investment Management LLC purchased a new stake in shares of Nasdaq during the 4th quarter worth approximately $33,000. Raleigh Capital Management Inc. boosted 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 purchased a new stake in shares of Nasdaq during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Up 1.7 %

Shares of NASDAQ NDAQ opened at $76.58 on Thursday. Nasdaq, Inc. has a 12-month low of $58.10 and a 12-month high of $84.15. The company has a market cap of $44.04 billion, a P/E ratio of 39.89, a P/E/G ratio of 2.12 and a beta of 0.96. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The stock has a fifty day moving average price of $79.20 and a 200 day moving average price of $77.38.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Research analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.25%. Nasdaq’s dividend payout ratio is currently 50.00%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NDAQ. Citigroup upped their target price on Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and upped their target price for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. William Blair began coverage on Nasdaq in a research note on Monday, November 25th. They issued an “outperform” rating on the stock. UBS Group upped their target price on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Finally, Oppenheimer boosted their price target on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $86.88.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the transaction, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at $4,398,253.92. This represents a 20.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Bryan Everard Smith sold 3,500 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the transaction, the executive vice president now directly owns 55,576 shares of the company’s stock, 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.

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.