Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC grew its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,074 shares of the financial services provider’s stock after purchasing an additional 342 shares during the period. Frank Rimerman Advisors LLC’s holdings in Nasdaq were worth $702,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Citizens Financial Group Inc. RI increased its holdings in shares of Nasdaq by 3.6% in the third quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 137 shares during the period. Allworth Financial LP increased its holdings in shares of Nasdaq by 12.3% in the fourth quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 141 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of Nasdaq by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock valued at $759,000 after purchasing an additional 148 shares during the period. Brooklyn Investment Group boosted its stake in shares of Nasdaq by 8.5% in the fourth quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider’s stock worth $147,000 after buying an additional 148 shares during the last quarter. Finally, Crestwood Advisors Group LLC boosted its stake in shares of Nasdaq by 4.1% in the fourth quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider’s stock worth $295,000 after buying an additional 152 shares during the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,500 shares of the 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 completion of the sale, the executive vice president now owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This trade 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 can be accessed through this link. Insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $73.26 on Friday. The company has a market cap of $42.14 billion, a PE ratio of 38.16, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. The stock’s 50 day simple moving average is $79.30 and its 200-day simple moving average is $77.29. Nasdaq, Inc. has a 1-year low of $57.96 and a 1-year high of $84.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 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, equities research analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

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 of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.31%. Nasdaq’s dividend payout ratio is presently 50.00%.

Analysts Set New Price Targets

A number of brokerages have recently commented on NDAQ. Oppenheimer upped their target price on Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. UBS Group upped their target price on Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. upped their target price on Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating and issued a $95.00 target price on shares of Nasdaq in a research note on Thursday, January 30th. Finally, Raymond James upped their target price on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $86.88.

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.