Fiduciary Alliance LLC Purchases Shares of 13,124 Nasdaq, Inc. (NASDAQ:NDAQ)

Fiduciary Alliance LLC purchased a new position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 13,124 shares of the financial services provider's stock, valued at approximately $1,015,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. City Center Advisors LLC raised its holdings in shares of Nasdaq by 9.4% in the 4th quarter. City Center Advisors LLC now owns 3,478 shares of the financial services provider's stock worth $269,000 after purchasing an additional 300 shares in the last quarter. Czech National Bank grew its position in Nasdaq by 6.4% in the fourth quarter. Czech National Bank now owns 89,726 shares of the financial services provider's stock worth $6,937,000 after buying an additional 5,428 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Nasdaq by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider's stock valued at $759,000 after buying an additional 148 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Nasdaq by 2.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,566 shares of the financial services provider's stock worth $1,502,000 after acquiring an additional 491 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of Nasdaq by 1,022.1% in the 4th quarter. Nordea Investment Management AB now owns 409,906 shares of the financial services provider's stock worth $31,743,000 after acquiring an additional 373,376 shares during the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Nasdaq news, EVP Jeremy Skule sold 12,075 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $78.75, for a total value of $950,906.25. Following the sale, the executive vice president now owns 102,505 shares of the company's stock, valued at $8,072,268.75. This trade represents a 10.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Pc Nelson Griggs sold 6,000 shares of the company's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.71, for a total value of $454,260.00. Following the transaction, the insider now owns 215,563 shares of the company's stock, valued at approximately $16,320,274.73. This trade represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,459 shares of company stock valued at $3,811,808 over the last 90 days. 0.70% of the stock is currently owned by company insiders.

Nasdaq Stock Up 0.6 %

NDAQ stock traded up $0.42 during trading hours on Tuesday, hitting $76.60. The company's stock had a trading volume of 354,678 shares, compared to its average volume of 2,532,297. The company has a market capitalization of $44.03 billion, a PE ratio of 45.87, a price-to-earnings-growth ratio of 3.12 and a beta of 0.98. The stock has a 50 day moving average price of $79.29 and a two-hundred day moving average price of $73.00. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq, Inc. has a 12 month low of $54.90 and a 12 month high of $83.77.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the business posted $0.71 earnings per share. The business's quarterly revenue was up 21.9% on a year-over-year basis. On average, equities research analysts expect that Nasdaq, Inc. will post 2.79 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a yield of 1.25%. Nasdaq's payout ratio is currently 57.49%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $95.00 price target on shares of Nasdaq in a research 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. Oppenheimer upped their price target on shares of Nasdaq from $86.00 to $89.00 and gave the company an "outperform" rating in a research report on Monday. TD Cowen lowered their price objective on shares of Nasdaq from $81.00 to $80.00 and set a "hold" rating on the stock in a research report on Monday, October 28th. Finally, Citigroup increased their target price on Nasdaq from $78.00 to $84.00 and gave the company a "neutral" rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Nasdaq has a consensus rating of "Moderate Buy" and an average price target of $85.73.

Nasdaq Company 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.