Sanctuary Advisors LLC raised its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 22.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 61,813 shares of the financial services provider's stock after acquiring an additional 11,198 shares during the period. Sanctuary Advisors LLC's holdings in Nasdaq were worth $5,086,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in NDAQ. Catalyst Capital Advisors LLC acquired a new position in Nasdaq in the third quarter valued at $27,000. Founders Capital Management purchased a new position in shares of Nasdaq in the 4th quarter worth about $27,000. Raleigh Capital Management Inc. lifted its stake in shares of Nasdaq by 106.6% in the 4th 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 in the last quarter. Focused Wealth Management Inc purchased a new stake in shares of Nasdaq during the 3rd quarter worth about $35,000. Finally, Peterson Financial Group Inc. acquired a new stake in Nasdaq during the 3rd quarter worth approximately $42,000. Institutional investors and hedge funds own 72.47% of the company's stock.
Wall Street Analyst Weigh In
NDAQ has been the subject of several research reports. Argus boosted their price objective on shares of Nasdaq from $76.00 to $82.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Oppenheimer upped their price target 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. Morgan Stanley increased their price target on Nasdaq from $92.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, October 25th. TD Cowen reduced their price objective on Nasdaq from $81.00 to $80.00 and set a "hold" rating on the stock in a research note on Monday, October 28th. Finally, Raymond James increased their target price on Nasdaq from $83.00 to $84.00 and gave the company an "outperform" rating in a research note on Thursday, January 9th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, Nasdaq presently has a consensus rating of "Moderate Buy" and a consensus target price of $86.88.
Check Out Our Latest Stock Analysis on Nasdaq
Nasdaq Stock Performance
Nasdaq stock traded down $1.47 during mid-day trading on Friday, reaching $81.07. The company's stock had a trading volume of 2,154,658 shares, compared to its average volume of 2,685,481. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a twelve month low of $55.51 and a twelve month high of $84.15. The business has a 50 day moving average price of $79.61 and a 200-day moving average price of $76.30. The firm has a market cap of $46.60 billion, a price-to-earnings ratio of 42.22, a PEG ratio of 2.12 and a beta of 0.99.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Sell-side analysts predict that Nasdaq, Inc. will post 3.17 EPS for the current fiscal year.
Nasdaq Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 1.18%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq's dividend payout ratio (DPR) is 50.00%.
Insider Activity at Nasdaq
In related news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq 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. This trade represents a 5.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.70% of the company's stock.
Nasdaq 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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