Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by Mission Wealth Management LP

Mission Wealth Management LP grew its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 11.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,110 shares of the financial services provider’s stock after buying an additional 2,112 shares during the period. Mission Wealth Management LP’s holdings in Nasdaq were worth $1,169,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Loomis Sayles & Co. L P purchased a new position in Nasdaq during the 3rd quarter worth approximately $26,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Nasdaq during the fourth quarter worth $29,000. Carmel Capital Partners LLC acquired a new position in Nasdaq during the third quarter valued at $32,000. Allworth Financial LP grew its position in Nasdaq by 74.9% during the 4th quarter. Allworth Financial LP now owns 815 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 349 shares during the period. Finally, Lindbrook Capital LLC grew its position in Nasdaq by 158.5% during the 4th quarter. Lindbrook Capital LLC now owns 902 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 553 shares during the period. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Nasdaq

In other news, EVP Bryan Everard Smith sold 7,400 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.91, for a total transaction of $465,534.00. Following the completion of the transaction, the executive vice president now directly owns 61,672 shares in the company, valued at $3,879,785.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Bryan Everard Smith sold 7,400 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.91, for a total transaction of $465,534.00. Following the sale, the executive vice president now owns 61,672 shares of the company’s stock, valued at $3,879,785.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of Nasdaq stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the completion of the transaction, the insider now owns 58,341,545 shares of the company’s stock, valued at approximately $3,383,809,610. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NDAQ shares. Rosenblatt Securities cut their target price on shares of Nasdaq from $82.00 to $76.00 and set a “buy” rating for the company in a report on Friday, April 26th. Oppenheimer lifted their price target on Nasdaq from $65.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Keefe, Bruyette & Woods lowered their price target on Nasdaq from $75.00 to $74.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Edward Jones started coverage on Nasdaq in a research note on Wednesday, April 3rd. They set a “buy” rating for the company. Finally, Citigroup lifted their price target on shares of Nasdaq from $56.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, January 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.92.

Nasdaq Stock Up 0.1 %

NDAQ stock opened at $59.88 on Thursday. The company has a current ratio of 0.99, a quick ratio of 1.01 and a debt-to-equity ratio of 0.90. The firm has a 50-day moving average of $60.11 and a two-hundred day moving average of $56.70. The company has a market cap of $34.52 billion, a price-to-earnings ratio of 31.52, a PEG ratio of 3.30 and a beta of 0.94. Nasdaq, Inc. has a 12 month low of $46.88 and a 12 month high of $64.25.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.63 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.02). Nasdaq had a return on equity of 17.00% and a net margin of 15.98%. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. The firm’s revenue was up 22.2% on a year-over-year basis. As a group, analysts forecast that Nasdaq, Inc. will post 2.69 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.60%. This is a boost from Nasdaq’s previous quarterly dividend of $0.22. Nasdaq’s dividend payout ratio is presently 46.32%.

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.