Mcrae Capital Management Inc. lessened its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 294,801 shares of the financial services provider's stock after selling 6,190 shares during the period. Nasdaq accounts for approximately 4.5% of Mcrae Capital Management Inc.'s portfolio, making the stock its 5th largest position. Mcrae Capital Management Inc. owned approximately 0.05% of Nasdaq worth $22,791,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Catalyst Capital Advisors LLC acquired a new stake in shares of Nasdaq in the 3rd quarter valued at about $27,000. Founders Capital Management acquired a new position in Nasdaq during the fourth quarter worth approximately $27,000. Claro Advisors LLC purchased a new stake in Nasdaq in the third quarter valued at approximately $33,000. Raleigh Capital Management Inc. boosted its holdings in shares of 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 acquiring an additional 225 shares during the period. Finally, Focused Wealth Management Inc purchased a new position in shares of Nasdaq during the third quarter worth approximately $35,000. Hedge funds and other institutional investors own 72.47% of the company's stock.
Nasdaq Price Performance
Shares of NASDAQ NDAQ traded up $0.33 during midday trading on Tuesday, hitting $81.24. The company had a trading volume of 1,853,521 shares, compared to its average volume of 2,746,039. The firm has a market capitalization of $46.69 billion, a price-to-earnings ratio of 42.31, a price-to-earnings-growth ratio of 2.15 and a beta of 0.99. Nasdaq, Inc. has a twelve month low of $54.90 and a twelve month high of $84.15. The business has a 50-day simple moving average of $79.55 and a two-hundred day simple moving average of $76.21. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) 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%. Equities research analysts anticipate that Nasdaq, Inc. will post 3.17 earnings per share for the current year.
Nasdaq Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.18%. Nasdaq's payout ratio is 50.00%.
Insider Buying and Selling at Nasdaq
In related news, EVP Bryan Everard Smith sold 3,500 shares of the business'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 directly owns 55,576 shares in the company, valued at $4,532,778.56. The trade was a 5.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of analysts recently weighed in on NDAQ shares. StockNews.com upgraded shares of Nasdaq from a "sell" rating to a "hold" rating in a research note on Saturday, December 14th. TD Cowen decreased their target price on shares of Nasdaq from $81.00 to $80.00 and set a "hold" rating for the company in a research note on Monday, October 28th. 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. Barclays reduced their price objective on Nasdaq from $96.00 to $95.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Finally, Citigroup lifted their target price on Nasdaq from $78.00 to $84.00 and gave the company a "neutral" rating in a research note on Friday, January 10th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $86.88.
Read Our Latest Research Report on NDAQ
Nasdaq Company Profile
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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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