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) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 113,717 shares of the financial services provider's stock, valued at approximately $8,791,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Citizens Financial Group Inc. RI boosted its stake in 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 worth $290,000 after purchasing an additional 137 shares during the period. Allworth Financial LP boosted its stake in shares of Nasdaq by 12.3% during the 4th 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. lifted its stake in shares of Nasdaq by 1.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider's stock worth $759,000 after buying 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 worth $147,000 after buying an additional 148 shares during the period. Finally, Crestwood Advisors Group LLC increased its position in Nasdaq by 4.1% during the fourth quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider's stock worth $295,000 after acquiring an additional 152 shares during the period. Institutional investors own 72.47% of the company's stock.

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Nasdaq Stock Up 1.7 %

Shares of NDAQ traded up $1.28 during trading hours on Wednesday, reaching $76.58. 1,449,174 shares of the stock traded hands, compared to its average volume of 2,768,419. 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 company has a market cap of $44.04 billion, a price-to-earnings ratio of 39.88, a PEG ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a 52 week low of $58.10 and a 52 week high of $84.15. The stock has a fifty day simple moving average of $79.23 and a 200 day simple moving average of $77.38.

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 (EPS) for the quarter, beating 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%. On average, equities analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq's payout ratio is 50.00%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the company an "outperform" rating in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a "hold" rating to a "buy" rating and increased their target price for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. UBS Group upped their price objective on Nasdaq from $79.00 to $89.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Oppenheimer lifted their target price on shares of Nasdaq from $86.00 to $89.00 and gave the stock an "outperform" rating in a research report on Monday, January 13th. Finally, Barclays decreased their price target 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. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $86.88.

Insider Buying and Selling

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction 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 approximately $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is owned by 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.