Mission Wealth Management LP lessened its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 21.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,228 shares of the financial services provider's stock after selling 4,270 shares during the quarter. Mission Wealth Management LP's holdings in Nasdaq were worth $1,177,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new position in shares of Nasdaq during the third quarter worth approximately $27,000. Founders Capital Management purchased a new position in Nasdaq during the 4th quarter worth $27,000. Kestra Investment Management LLC acquired a new position in Nasdaq in the fourth quarter valued at $33,000. Raleigh Capital Management Inc. increased its stake in Nasdaq by 106.6% in 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, Focused Wealth Management Inc purchased a new stake in shares of Nasdaq in the third quarter valued at about $35,000. Institutional investors and hedge funds own 72.47% of the company's stock.
Insider Activity
In other news, EVP Bryan Everard Smith sold 3,500 shares of the business's stock in a transaction on Monday, February 3rd. The stock was 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.70% of the company's stock.
Analyst Upgrades and Downgrades
NDAQ has been the topic of several recent research reports. Royal Bank of Canada restated an "outperform" rating and issued a $95.00 price target on shares of Nasdaq in a research report on Thursday, January 30th. Keefe, Bruyette & Woods boosted their target price on Nasdaq from $86.00 to $91.00 and gave the company an "outperform" rating in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft raised Nasdaq from a "hold" rating to a "buy" rating and increased their price target for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. Citigroup boosted their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the company a "neutral" rating in a research note on Friday, January 10th. Finally, StockNews.com upgraded shares of Nasdaq from a "sell" rating to a "hold" rating in a research note on Saturday, December 14th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $86.88.
Check Out Our Latest Research Report on Nasdaq
Nasdaq Price Performance
NDAQ stock traded down $1.51 during midday trading on Friday, hitting $74.66. 4,114,004 shares of the stock were exchanged, compared to its average volume of 2,806,808. The stock's 50-day moving average price is $79.86 and its 200-day moving average price is $77.14. 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 stock has a market cap of $42.94 billion, a price-to-earnings ratio of 38.89, a PEG ratio of 2.12 and a beta of 0.99. Nasdaq, Inc. has a fifty-two week low of $57.96 and a fifty-two week high of $84.15.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) 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%. Research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.
Nasdaq Dividend Announcement
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 dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq's dividend payout ratio (DPR) is presently 50.00%.
About Nasdaq
(
Free Report)
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.
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