Zacks Investment Management Buys New Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Zacks Investment Management purchased a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 108,492 shares of the financial services provider’s stock, valued at approximately $8,388,000.

A number of other institutional investors also recently added to or reduced their stakes in NDAQ. Rakuten Securities Inc. bought a new position in shares of Nasdaq during the 4th quarter worth approximately $26,000. Founders Capital Management bought a new position in shares of Nasdaq during the fourth quarter valued at $27,000. Kestra Investment Management LLC acquired a new stake in shares of Nasdaq in the 4th quarter valued at $33,000. Raleigh Capital Management Inc. boosted its stake 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 valued at $34,000 after purchasing an additional 225 shares in the last quarter. Finally, TCTC Holdings LLC bought a new stake in shares of Nasdaq in the 4th quarter worth about $41,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction on 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 sale, the executive vice president now directly owns 59,694 shares in the company, valued at approximately $4,398,253.92. This trade represents a 20.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Bryan Everard Smith sold 657 shares of the business’s stock in a transaction on Friday, April 4th. The shares were sold at an average price of $71.81, for a total transaction of $47,179.17. Following the completion of the transaction, the executive vice president now directly owns 61,980 shares of the company’s stock, valued at $4,450,783.80. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,116 shares of company stock valued at $1,434,818 in the last 90 days. 0.70% of the stock is owned by insiders.

Nasdaq Price Performance

NDAQ opened at $71.69 on Thursday. The company has a fifty day moving average price of $76.17 and a two-hundred day moving average price of $77.39. The firm 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. Nasdaq, Inc. has a 52 week low of $58.10 and a 52 week high of $84.15. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data 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 return on equity of 14.82% and a net margin of 15.10%. As a group, analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NDAQ shares. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their price target for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a report on Thursday, April 10th. Barclays cut their price objective on Nasdaq from $87.00 to $86.00 and set an “overweight” rating for the company in a research report on Monday. Piper Sandler increased their target price on Nasdaq from $80.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, April 8th. Finally, Raymond James lifted their price target on Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.56.

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.