SRN Advisors LLC Buys 7,800 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

SRN Advisors LLC raised its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 96.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,902 shares of the financial services provider's stock after buying an additional 7,800 shares during the quarter. SRN Advisors LLC's holdings in Nasdaq were worth $1,229,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Founders Capital Management acquired a new position in shares of Nasdaq in the 4th quarter valued at approximately $27,000. Catalyst Capital Advisors LLC acquired a new position in shares of Nasdaq in the 3rd quarter valued at approximately $27,000. Kestra Investment Management LLC acquired a new position in shares of Nasdaq in the 4th quarter valued at approximately $33,000. Raleigh Capital Management Inc. grew its position 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 during the period. Finally, Focused Wealth Management Inc acquired a new position in shares of Nasdaq in the 3rd quarter valued at approximately $35,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Barclays decreased their price objective on Nasdaq from $96.00 to $95.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. William Blair started coverage on Nasdaq in a research report on Monday, November 25th. They set an "outperform" rating for the company. Keefe, Bruyette & Woods upped their price target on Nasdaq from $86.00 to $91.00 and gave the stock an "outperform" rating in a research report on Friday, December 20th. Raymond James upped their price target on Nasdaq from $83.00 to $84.00 and gave the stock an "outperform" rating in a research report on Thursday, January 9th. Finally, Argus upped their price target on Nasdaq from $76.00 to $82.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, Nasdaq has an average rating of "Moderate Buy" and a consensus price target of $86.88.

Remove Ads

Insiders Place Their Bets

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 transaction, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. This trade represents 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. Company insiders own 0.70% of the company's stock.

Nasdaq Stock Performance

NDAQ traded up $1.98 during trading hours on Friday, reaching $82.78. The company's stock had a trading volume of 3,346,832 shares, compared to its average volume of 2,692,052. Nasdaq, Inc. has a 52 week low of $55.51 and a 52 week high of $84.15. The company's 50-day moving average is $79.84 and its 200-day moving average is $76.93. 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 firm has a market cap of $47.61 billion, a PE ratio of 43.11, a price-to-earnings-growth 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 earnings per share for the quarter, beating analysts' consensus estimates 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 company also recently disclosed 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. This represents a $0.96 annualized dividend and a yield of 1.16%. The ex-dividend date is Friday, March 14th. Nasdaq's payout ratio is 50.00%.

Nasdaq Profile

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.