Burling Wealth Partners LLC Purchases New Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Burling Wealth Partners LLC acquired a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,701 shares of the financial services provider's stock, valued at approximately $1,291,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NDAQ. Rakuten Securities Inc. purchased a new stake in shares of Nasdaq in the fourth quarter worth approximately $26,000. Founders Capital Management purchased a new stake in Nasdaq in the fourth quarter worth $27,000. Kestra Investment Management LLC bought a new stake in shares of Nasdaq during the fourth quarter worth $33,000. Raleigh Capital Management Inc. boosted its stake in shares of Nasdaq by 106.6% during the fourth 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 period. Finally, TCTC Holdings LLC purchased a new position in Nasdaq in the 4th quarter worth about $41,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Stock Performance

NASDAQ:NDAQ traded down $0.26 during trading hours on Monday, hitting $75.10. 2,841,875 shares of the company were exchanged, compared to its average volume of 2,809,328. The company's 50 day moving average price is $75.07 and its 200-day moving average price is $77.49. The stock has a market capitalization of $43.12 billion, a price-to-earnings ratio of 39.11, a PEG ratio of 2.12 and a beta of 1.02. Nasdaq, Inc. has a 52-week low of $58.28 and a 52-week high of $84.15. 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 (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the company earned $0.63 earnings per share. The business's quarterly revenue was up 10.7% compared to the same quarter last year. As a group, research analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $0.27 per share. This is an increase from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date is Friday, June 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.44%. Nasdaq's payout ratio is 49.09%.

Insider Activity at Nasdaq

In related news, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the transaction, the executive vice president now directly owns 59,694 shares in the company, valued at approximately $4,398,253.92. This trade represents a 20.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bryan Everard Smith sold 3,500 shares of the business'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 value of $285,460.00. Following the completion of the transaction, the executive vice president now directly owns 55,576 shares of the company's stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,116 shares of company stock worth $1,434,818 over the last quarter. Insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

NDAQ has been the topic of a number of research analyst reports. Oppenheimer dropped their target price on shares of Nasdaq from $89.00 to $85.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Bank of America raised their price objective on Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a "hold" rating to a "buy" rating and upped their target price for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. Morgan Stanley lowered Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price target on the stock. in a research note on Tuesday, April 8th. Finally, Redburn Atlantic raised shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price objective on the stock in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Nasdaq presently has an average rating of "Moderate Buy" and a consensus target price of $85.18.

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.