Tyche Wealth Partners LLC Buys New Shares in Nasdaq, Inc. (NASDAQ:NDAQ)

Tyche Wealth Partners LLC purchased a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,652 shares of the financial services provider's stock, valued at approximately $669,000.

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in Nasdaq by 163.3% in the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider's stock valued at $2,835,235,000 after buying an additional 24,084,154 shares during the period. Mizuho Securities USA LLC raised its stake in shares of Nasdaq by 13,532.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider's stock worth $292,040,000 after purchasing an additional 3,970,658 shares in the last quarter. State Street Corp lifted its holdings in shares of Nasdaq by 11.2% during the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider's stock valued at $1,310,653,000 after buying an additional 1,811,616 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Nasdaq in the 4th quarter valued at approximately $110,867,000. Finally, Harris Associates L P increased its holdings in Nasdaq by 14.6% in the third quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider's stock worth $627,596,000 after buying an additional 1,096,090 shares during the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Jeremy Skule sold 12,075 shares of the business's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the completion of the transaction, the executive vice president now owns 102,505 shares in the company, valued at approximately $8,072,268.75. The trade was a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the sale, the executive vice president now owns 55,576 shares in the company, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NDAQ. TD Cowen cut their price target on shares of Nasdaq from $81.00 to $80.00 and set a "hold" rating on the stock in a report on Monday, October 28th. Citigroup boosted their price target on Nasdaq from $78.00 to $84.00 and gave the stock a "neutral" rating in a research report on Friday, January 10th. Raymond James increased their price objective on Nasdaq from $83.00 to $84.00 and gave the company an "outperform" rating in a report on Thursday, January 9th. StockNews.com raised shares of Nasdaq from a "sell" rating to a "hold" rating in a research report on Saturday, December 14th. Finally, UBS Group upped their price objective on shares of Nasdaq from $79.00 to $89.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Nasdaq currently has an average rating of "Moderate Buy" and a consensus target price of $86.88.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ traded down $0.94 during midday trading on Friday, reaching $82.82. The company's stock had a trading volume of 1,865,239 shares, compared to its average volume of 2,729,579. The business's fifty day simple moving average is $79.55 and its 200-day simple moving average is $75.47. 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, Inc. has a fifty-two week low of $54.90 and a fifty-two week high of $84.15. The company has a market capitalization of $47.60 billion, a P/E ratio of 43.14, a P/E/G ratio of 2.15 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, equities research analysts expect that Nasdaq, Inc. will post 3.17 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.16%. Nasdaq's payout ratio is 50.00%.

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.