Sagespring Wealth Partners LLC Takes $251,000 Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Sagespring Wealth Partners LLC bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,252 shares of the financial services provider’s stock, valued at approximately $251,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in shares of Nasdaq during the 3rd quarter worth approximately $208,000. MML Investors Services LLC grew its position in Nasdaq by 34.4% during the third quarter. MML Investors Services LLC now owns 5,843 shares of the financial services provider’s stock valued at $427,000 after buying an additional 1,494 shares during the period. Barclays PLC increased its holdings in Nasdaq by 48.9% in the third quarter. Barclays PLC now owns 1,524,795 shares of the financial services provider’s stock valued at $111,325,000 after buying an additional 500,418 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Nasdaq in the third quarter worth about $209,000. Finally, Anchor Investment Management LLC raised its position in shares of Nasdaq by 109.9% in the third quarter. Anchor Investment Management LLC now owns 3,148 shares of the financial services provider’s stock worth $230,000 after acquiring an additional 1,648 shares during the period. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $71.69 on Thursday. The firm has a 50 day moving average of $76.17 and a two-hundred day moving average of $77.39. The stock has a market capitalization of $41.23 billion, a PE ratio of 37.34, a P/E/G ratio of 2.12 and a beta of 1.02. 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, Inc. has a 52 week low of $58.10 and a 52 week high of $84.15.

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

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Friday, March 14th. Nasdaq’s dividend payout ratio is presently 50.00%.

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 657 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $71.81, for a total value of $47,179.17. Following the transaction, the executive vice president now owns 61,980 shares of the company’s stock, valued at $4,450,783.80. This represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction dated 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 sale, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at $4,398,253.92. This trade represents a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,116 shares of company stock worth $1,434,818. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

NDAQ has been the subject of several recent analyst reports. Bank of America lifted their price target on Nasdaq from $103.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, April 2nd. StockNews.com cut Nasdaq from a “hold” rating to a “sell” rating in a research report on Wednesday, April 9th. Morgan Stanley downgraded Nasdaq from an “overweight” rating to an “equal weight” rating and set a $74.00 target price for the company. in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their price target for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Nasdaq in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $85.56.

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.