Advisory Alpha LLC Buys Shares of 3,252 Nasdaq, Inc. (NASDAQ:NDAQ)

Advisory Alpha LLC bought a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,252 shares of the financial services provider’s stock, valued at approximately $251,000.

Other large investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new stake in Nasdaq in the 3rd quarter valued at $27,000. Founders Capital Management acquired a new position in shares of Nasdaq in the 4th quarter valued at $27,000. Claro Advisors LLC acquired a new position in shares of Nasdaq in the 3rd quarter valued at $33,000. Focused Wealth Management Inc acquired a new position in shares of Nasdaq in the 3rd quarter valued at $35,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of Nasdaq in the 3rd quarter valued at $42,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on NDAQ shares. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and upped their price target for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. Barclays decreased their target price on Nasdaq from $97.00 to $96.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Piper Sandler increased their target price on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Finally, Oppenheimer increased 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. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $85.73.

Nasdaq Price Performance

NDAQ stock opened at $81.03 on Friday. Nasdaq, Inc. has a 1 year low of $54.90 and a 1 year high of $83.77. The firm has a market capitalization of $46.57 billion, a P/E ratio of 48.52, a P/E/G ratio of 2.74 and a beta of 0.98. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The business’s 50-day moving average is $79.37 and its two-hundred day moving average is $73.87.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the business posted $0.71 EPS. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. Analysts anticipate that Nasdaq, Inc. will post 2.81 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.18%. Nasdaq’s payout ratio is currently 57.49%.

Insider Activity

In related news, EVP Jeremy Skule sold 12,075 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction of $950,906.25. Following the transaction, the executive vice president now owns 102,505 shares in the company, valued at $8,072,268.75. This trade represents a 10.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Pc Nelson Griggs sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.71, for a total value of $454,260.00. Following the transaction, the insider now owns 215,563 shares in the company, valued at $16,320,274.73. This represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,459 shares of company stock worth $3,811,808. 0.70% of the stock is currently owned by insiders.

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.