AMJ Financial Wealth Management Purchases 37,985 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

AMJ Financial Wealth Management increased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 40.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 132,806 shares of the financial services provider's stock after purchasing an additional 37,985 shares during the quarter. Nasdaq accounts for 2.8% of AMJ Financial Wealth Management's holdings, making the stock its 11th biggest position. AMJ Financial Wealth Management's holdings in Nasdaq were worth $10,267,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its position in Nasdaq by 12.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 42,828 shares of the financial services provider's stock valued at $3,127,000 after buying an additional 4,651 shares during the last quarter. National Pension Service grew its stake in shares of Nasdaq by 2.7% during the 3rd quarter. National Pension Service now owns 593,719 shares of the financial services provider's stock worth $43,347,000 after acquiring an additional 15,809 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Nasdaq by 10.4% in the third quarter. Asset Management One Co. Ltd. now owns 171,745 shares of the financial services provider's stock valued at $12,539,000 after purchasing an additional 16,136 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Nasdaq in the third quarter worth $27,000. Finally, Gulf International Bank UK Ltd lifted its position in shares of Nasdaq by 14.4% in the third quarter. Gulf International Bank UK Ltd now owns 32,551 shares of the financial services provider's stock worth $2,376,000 after purchasing an additional 4,096 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NDAQ shares. William Blair began coverage on Nasdaq in a research note on Monday, November 25th. They set an "outperform" rating on the stock. Argus upped their price target on shares of Nasdaq from $76.00 to $82.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. StockNews.com raised shares of Nasdaq from a "sell" rating to a "hold" rating in a report on Saturday, December 14th. Finally, Oppenheimer lifted their price target on Nasdaq from $86.00 to $89.00 and gave the stock an "outperform" rating in a report on Monday, January 13th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Nasdaq presently has an average rating of "Moderate Buy" and a consensus target price of $86.88.

Nasdaq Price Performance

Shares of NDAQ stock traded up $0.04 on Wednesday, hitting $78.80. 1,729,574 shares of the company's stock were exchanged, compared to its average volume of 2,697,913. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The stock has a market cap of $45.32 billion, a P/E ratio of 40.98, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99. Nasdaq, Inc. has a 12 month low of $56.75 and a 12 month high of $84.15. The company has a 50 day moving average of $79.92 and a 200 day moving average of $77.13.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. On average, equities research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Friday, March 14th. Nasdaq's payout ratio is currently 50.00%.

Insiders Place Their Bets

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.70% of the company's stock.

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.