Prosperity Consulting Group LLC Acquires 3,877 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Prosperity Consulting Group LLC raised its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 10.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,173 shares of the financial services provider's stock after purchasing an additional 3,877 shares during the period. Prosperity Consulting Group LLC's holdings in Nasdaq were worth $3,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new position in shares of Nasdaq in the 4th quarter valued at $26,000. Founders Capital Management purchased a new stake in Nasdaq in the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC acquired a new position in Nasdaq in the 4th quarter worth approximately $33,000. Raleigh Capital Management Inc. increased its holdings in Nasdaq by 106.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider's stock worth $34,000 after buying an additional 225 shares during the period. Finally, TCTC Holdings LLC acquired a new stake in Nasdaq during the 4th quarter valued at approximately $41,000. Hedge funds and other institutional investors own 72.47% of the company's stock.

Insider Activity at Nasdaq

In other news, EVP Sarah Youngwood sold 14,959 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the sale, the executive vice president now directly owns 59,694 shares of the company's stock, valued at $4,398,253.92. The trade was a 20.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Bryan Everard Smith sold 657 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $71.81, for a total value of $47,179.17. Following the completion of the transaction, 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. In the last three months, insiders have sold 19,116 shares of company stock valued at $1,434,818. Insiders own 0.70% of the company's stock.

Nasdaq Trading Up 0.8 %

Shares of Nasdaq stock opened at $75.36 on Friday. Nasdaq, Inc. has a 1 year low of $58.28 and a 1 year high of $84.15. The company's fifty day moving average is $75.07 and its two-hundred day moving average is $77.41. 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 company has a market capitalization of $43.34 billion, a P/E ratio of 39.25, a PEG ratio of 2.12 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. The business had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.22 billion. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 1.43%. Nasdaq's payout ratio is currently 50.00%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Redburn Atlantic upgraded shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 target price for the company in a research report on Thursday, April 17th. Barclays decreased their price target on Nasdaq from $86.00 to $84.00 and set an "overweight" rating for the company in a report on Friday. Bank of America lifted their target price on shares of Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. 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, April 10th. Finally, StockNews.com raised shares of Nasdaq from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $85.18.

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.

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