HighPoint Advisor Group LLC Takes Position in Nasdaq, Inc. (NASDAQ:NDAQ)

HighPoint Advisor Group LLC acquired a new position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,645 shares of the financial services provider's stock, valued at approximately $293,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC grew its stake in shares of Nasdaq by 24.4% during the third quarter. FMR LLC now owns 977,949 shares of the financial services provider's stock worth $71,400,000 after acquiring an additional 191,705 shares during the last quarter. Erste Asset Management GmbH acquired a new position in Nasdaq during the third quarter valued at $557,000. Janus Henderson Group PLC boosted its holdings in Nasdaq by 8.9% in the third quarter. Janus Henderson Group PLC now owns 58,929 shares of the financial services provider's stock valued at $4,302,000 after purchasing an additional 4,800 shares during the last quarter. Investment Management Corp of Ontario raised its stake in shares of Nasdaq by 60.4% during the 3rd quarter. Investment Management Corp of Ontario now owns 14,335 shares of the financial services provider's stock valued at $1,047,000 after buying an additional 5,400 shares during the last quarter. Finally, Royal London Asset Management Ltd. grew its holdings in Nasdaq by 11.0% during the third quarter. Royal London Asset Management Ltd. now owns 153,860 shares of the financial services provider's stock worth $11,233,000 after acquiring an additional 15,187 shares during the period. Hedge funds and other institutional investors own 72.47% of the company's stock.

Nasdaq Stock Up 1.4 %

NDAQ stock traded up $0.97 during trading on Tuesday, hitting $68.71. 2,183,493 shares of the company's stock were exchanged, compared to its average volume of 2,792,832. The stock has a market capitalization of $39.52 billion, a price-to-earnings ratio of 35.84, a PEG ratio of 2.12 and a beta of 1.02. Nasdaq, Inc. has a 52-week low of $58.10 and a 52-week high of $84.15. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The business has a 50-day moving average price of $78.26 and a two-hundred day moving average price of $77.64.

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

Nasdaq Announces Dividend

The company 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. The ex-dividend date was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.40%. Nasdaq's dividend payout ratio is presently 50.00%.

Insider Buying and Selling at Nasdaq

In other news, EVP Sarah Youngwood sold 14,959 shares of the 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 of the company's stock, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of Nasdaq stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $71.81, for a total value of $47,179.17. Following the completion of the sale, the executive vice president now owns 61,980 shares in the company, valued at approximately $4,450,783.80. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,116 shares of company stock worth $1,434,818. 0.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Royal Bank of Canada restated an "outperform" rating and set a $95.00 price target on shares of Nasdaq in a research report on Thursday, January 30th. Piper Sandler raised their target price on shares of Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a research note on Tuesday. Barclays dropped their price target on Nasdaq from $95.00 to $87.00 and set an "overweight" rating for the company in a research report on Monday. Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a "hold" rating to a "buy" rating and lifted their price target for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. Finally, Raymond James increased their price objective on Nasdaq from $83.00 to $84.00 and gave the stock an "outperform" rating in a research report on Thursday, January 9th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $86.44.

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.