Orion Portfolio Solutions LLC Has $4.62 Million Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Orion Portfolio Solutions LLC reduced its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 7.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 59,767 shares of the financial services provider’s stock after selling 4,686 shares during the period. Orion Portfolio Solutions LLC’s holdings in Nasdaq were worth $4,621,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NDAQ. Wellington Management Group LLP raised its position in shares of Nasdaq by 163.3% during the third quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock worth $2,835,235,000 after acquiring an additional 24,084,154 shares during the last quarter. Norges Bank bought a new position in Nasdaq during the 4th quarter worth approximately $424,285,000. State Street Corp lifted its position in shares of Nasdaq by 11.2% in the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock worth $1,310,653,000 after purchasing an additional 1,811,616 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of Nasdaq in the 4th quarter valued at $110,867,000. Finally, Raymond James Financial Inc. bought a new stake in Nasdaq during the fourth quarter valued at $105,481,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Stock Performance

NDAQ stock opened at $74.91 on Monday. The business has a 50 day moving average of $79.12 and a 200-day moving average of $77.63. The firm has a market cap of $43.08 billion, a PE ratio of 39.02, a P/E/G ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a 12-month low of $58.10 and a 12-month high of $84.15. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81.

Nasdaq (NASDAQ:NDAQ) last announced its 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%. As a group, sell-side analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Friday, March 14th. Nasdaq’s payout ratio is 50.00%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Thursday. Keefe, Bruyette & Woods upped their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, December 20th. JPMorgan Chase & Co. raised their target price on Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. UBS Group upped their price target on Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $95.00 price objective on shares of Nasdaq in a report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $86.88.

Insider Activity

In related news, EVP Bryan Everard Smith sold 3,500 shares of the company’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. This represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sarah Youngwood sold 14,959 shares of the firm’s stock in a transaction on 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

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.