Ashton Thomas Private Wealth LLC Invests $522,000 in Nasdaq, Inc. (NASDAQ:NDAQ)

Ashton Thomas Private Wealth LLC purchased a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,754 shares of the financial services provider's stock, valued at approximately $522,000.

Several other institutional investors have also added to or reduced their stakes in the company. Founders Capital Management bought a new stake in Nasdaq in the fourth quarter worth $27,000. Kestra Investment Management LLC bought a new stake in shares of Nasdaq in the 4th quarter worth about $33,000. Raleigh Capital Management Inc. grew its holdings in Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 225 shares during the last quarter. Peterson Financial Group Inc. purchased a new stake in Nasdaq in the 3rd quarter worth about $42,000. Finally, Y.D. More Investments Ltd lifted its stake in Nasdaq by 94.2% in the fourth quarter. Y.D. More Investments Ltd now owns 606 shares of the financial services provider's stock worth $47,000 after purchasing an additional 294 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company's stock.

Nasdaq Stock Down 1.1 %

Shares of NASDAQ NDAQ traded down $0.81 during trading hours on Thursday, hitting $72.17. 3,122,576 shares of the stock were exchanged, compared to its average volume of 2,905,761. Nasdaq, Inc. has a 12 month low of $57.96 and a 12 month high of $84.15. The firm has a fifty day moving average price of $79.50 and a 200-day moving average price of $77.27. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The company has a market cap of $41.51 billion, a PE ratio of 37.59, a PEG ratio of 2.12 and a beta of 0.96.

Remove Ads

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings data 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 return on equity of 14.82% and a net margin of 15.10%. On average, sell-side analysts expect 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.33%. Nasdaq's payout ratio is 50.00%.

Analyst Ratings Changes

NDAQ has been the topic of several recent analyst reports. Keefe, Bruyette & Woods increased their price target on Nasdaq from $86.00 to $91.00 and gave the stock an "outperform" rating in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a "hold" rating to a "buy" rating and lifted their target price for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. Barclays cut their price target on shares of Nasdaq from $96.00 to $95.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. JPMorgan Chase & Co. boosted 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. Finally, Oppenheimer upped their target price on shares of 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 fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $86.88.

Insider Activity

In related news, EVP Bryan Everard Smith sold 3,500 shares of the company's stock in a transaction 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 transaction, the executive vice president now directly owns 55,576 shares of the company's stock, valued at $4,532,778.56. This represents a 5.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.70% of the company's stock.

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.