113,717 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 113,717 shares of the financial services provider's stock, valued at approximately $8,791,000.

Several other large investors have also recently bought and sold shares of NDAQ. Citizens Financial Group Inc. RI grew its position in shares of Nasdaq by 3.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider's stock valued at $290,000 after buying an additional 137 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Nasdaq by 12.3% in the fourth quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider's stock worth $104,000 after acquiring an additional 141 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in 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 acquiring an additional 148 shares during the last quarter. Brooklyn Investment Group increased its position in Nasdaq by 8.5% during the 4th quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider's stock valued at $147,000 after purchasing an additional 148 shares during the period. Finally, Crestwood Advisors Group LLC raised its holdings in Nasdaq by 4.2% during the 3rd quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider's stock worth $268,000 after purchasing an additional 149 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

NDAQ has been the topic of several recent analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of Nasdaq from $86.00 to $91.00 and gave the company an "outperform" rating in a report on Friday, December 20th. Oppenheimer lifted their price objective on Nasdaq from $86.00 to $89.00 and gave the stock an "outperform" rating in a research report on Monday, January 13th. StockNews.com upgraded Nasdaq from a "sell" rating to a "hold" rating in a research report on Saturday, December 14th. Raymond James lifted their target price on Nasdaq from $83.00 to $84.00 and gave the stock an "outperform" rating in a report on Thursday, January 9th. Finally, William Blair initiated coverage on Nasdaq in a report on Monday, November 25th. They set an "outperform" rating on the stock. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Nasdaq currently has an average rating of "Moderate Buy" and an average price target of $86.88.

Nasdaq Stock Performance

NDAQ traded down $3.11 during trading on Thursday, hitting $75.69. 1,423,180 shares of the company traded hands, compared to its average volume of 2,718,104. Nasdaq, Inc. has a one year low of $57.96 and a one year high of $84.15. The stock's fifty day moving average is $79.92 and its 200 day moving average is $77.13. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The firm has a market cap of $43.53 billion, a P/E ratio of 39.49, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its 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 analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.27%. Nasdaq's dividend payout ratio is presently 50.00%.

Insider Transactions at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,500 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the sale, the executive vice president now directly owns 55,576 shares in the company, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is owned by corporate insiders.

About Nasdaq

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.