38,525 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Bought by Guardian Partners Inc.

Guardian Partners Inc. bought a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 38,525 shares of the financial services provider's stock, valued at approximately $3,006,000.

A number of other hedge funds have also recently modified their holdings of NDAQ. Wellington Management Group LLP boosted its holdings in Nasdaq by 163.3% during the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider's stock valued at $2,835,235,000 after acquiring an additional 24,084,154 shares during the period. State Street Corp boosted its stake in shares of Nasdaq by 11.2% during the third quarter. State Street Corp now owns 17,951,698 shares of the financial services provider's stock valued at $1,310,653,000 after purchasing an additional 1,811,616 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Nasdaq in the fourth quarter worth about $110,867,000. Raymond James Financial Inc. bought a new position in shares of Nasdaq in the fourth quarter worth about $105,481,000. Finally, Harris Associates L P increased its stake in Nasdaq by 14.6% in the 3rd quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider's stock worth $627,596,000 after buying an additional 1,096,090 shares during the period. Institutional investors own 72.47% of the company's stock.

Nasdaq Stock Up 0.3 %

NASDAQ:NDAQ traded up $0.26 during mid-day trading on Tuesday, hitting $77.67. 1,649,236 shares of the company's stock traded hands, compared to its average volume of 2,630,753. The company has a market capitalization of $44.67 billion, a P/E ratio of 40.45, a P/E/G ratio of 2.12 and a beta of 0.96. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The company has a fifty day moving average of $79.20 and a 200 day moving average of $77.50. Nasdaq, Inc. has a twelve month low of $58.10 and a twelve month high of $84.15.

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Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS 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, analysts forecast 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. Shareholders of record on Friday, March 14th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.24%. The ex-dividend date is Friday, March 14th. Nasdaq's payout ratio is 50.00%.

Insider Transactions at Nasdaq

In other news, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the sale, the executive vice president now directly 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 legal filing with the SEC, which is available through this link. Also, EVP Bryan Everard Smith sold 3,500 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the sale, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.70% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on NDAQ. Barclays lowered their price objective on shares of Nasdaq from $96.00 to $95.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Royal Bank of Canada reiterated an "outperform" rating and issued a $95.00 price target on shares of Nasdaq in a report on Thursday, January 30th. JPMorgan Chase & Co. lifted their target price on Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. William Blair assumed coverage on Nasdaq in a research report on Monday, November 25th. They set an "outperform" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a "hold" rating to a "buy" rating and lifted their price objective for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $86.88.

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.