Envestnet Asset Management Inc. Has $138.44 Million Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Envestnet Asset Management Inc. trimmed its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 23.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,790,666 shares of the financial services provider's stock after selling 535,639 shares during the period. Envestnet Asset Management Inc. owned approximately 0.31% of Nasdaq worth $138,436,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NDAQ. Allworth Financial LP grew its position in Nasdaq by 12.3% in the 4th quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider's stock worth $104,000 after purchasing an additional 141 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in Nasdaq by 1.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider's stock valued at $759,000 after acquiring an additional 148 shares during the period. Brooklyn Investment Group raised its holdings in Nasdaq by 8.5% in the 4th quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider's stock valued at $147,000 after acquiring an additional 148 shares in the last quarter. Crestwood Advisors Group LLC increased its position in shares of Nasdaq by 4.1% during the fourth quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider's stock valued at $295,000 after purchasing an additional 152 shares during the period. Finally, Crestmont Private Wealth LLC raised its stake in shares of Nasdaq by 2.4% in the fourth quarter. Crestmont Private Wealth LLC now owns 8,017 shares of the financial services provider's stock valued at $620,000 after purchasing an additional 185 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors.

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Insider Activity at Nasdaq

In other news, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the transaction, the executive vice president now owns 59,694 shares of the company's stock, valued at $4,398,253.92. This represents a 20.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of the firm's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $71.81, for a total value of $47,179.17. Following the completion of the transaction, the executive vice president now owns 61,980 shares in the company, valued at $4,450,783.80. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,116 shares of company stock worth $1,434,818 over the last ninety days. Company insiders own 0.70% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NDAQ shares. Raymond James increased their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the company an "outperform" rating in a research note on Thursday, January 9th. Barclays decreased their price objective on Nasdaq from $95.00 to $87.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Bank of America raised their target price on Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. Citigroup lowered their price target on Nasdaq from $84.00 to $75.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $95.00 price target on shares of Nasdaq in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $85.63.

Nasdaq Trading Up 1.7 %

Shares of NDAQ stock traded up $1.23 on Friday, reaching $71.53. 4,136,405 shares of the stock were exchanged, compared to its average volume of 2,836,904. 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 one year low of $58.10 and a one year high of $84.15. The stock has a market cap of $41.14 billion, a PE ratio of 37.26, a P/E/G ratio of 2.12 and a beta of 1.02. The stock has a 50 day moving average price of $76.80 and a 200 day moving average price of $77.45.

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

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Friday, March 14th. Nasdaq's dividend payout ratio (DPR) 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.