USA Financial Formulas Makes New $856,000 Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

USA Financial Formulas acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 11,078 shares of the financial services provider's stock, valued at approximately $856,000.

A number of other institutional investors also recently modified their holdings of NDAQ. Clarus Wealth Advisors raised its holdings in shares of Nasdaq by 16.3% during the fourth quarter. Clarus Wealth Advisors now owns 10,696 shares of the financial services provider's stock valued at $815,000 after purchasing an additional 1,500 shares during the period. Park Avenue Securities LLC grew its stake in shares of Nasdaq by 12.5% in the 4th quarter. Park Avenue Securities LLC now owns 7,056 shares of the financial services provider's stock valued at $546,000 after buying an additional 783 shares during the period. Assenagon Asset Management S.A. increased its position in Nasdaq by 125.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 299,590 shares of the financial services provider's stock valued at $23,161,000 after buying an additional 166,804 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its stake in Nasdaq by 41.5% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,916 shares of the financial services provider's stock worth $303,000 after buying an additional 1,149 shares during the period. Finally, Crestmont Private Wealth LLC boosted its holdings in Nasdaq by 2.4% in the fourth quarter. Crestmont Private Wealth LLC now owns 8,017 shares of the financial services provider's stock worth $620,000 after acquiring an additional 185 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company's stock.

Insider Activity at Nasdaq

In other news, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the sale, the executive vice president now owns 142,830 shares in the company, valued at approximately $10,757,955.60. This trade represents a 8.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Pc Nelson Griggs sold 6,000 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.71, for a total transaction of $454,260.00. Following the completion of the transaction, the insider now directly owns 215,563 shares in the company, valued at $16,320,274.73. The trade was a 2.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,459 shares of company stock valued at $3,811,808. Corporate insiders own 0.70% of the company's stock.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $76.98 on Thursday. The company has a market capitalization of $44.24 billion, a P/E ratio of 46.10, a P/E/G ratio of 2.59 and a beta of 0.98. The business has a fifty day simple moving average of $79.29 and a two-hundred day simple moving average of $73.12. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. Nasdaq, Inc. has a 1 year low of $54.90 and a 1 year high of $83.77.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the firm posted $0.71 earnings per share. The company's quarterly revenue was up 21.9% compared to the same quarter last year. On average, analysts expect that Nasdaq, Inc. will post 2.8 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.25%. Nasdaq's dividend payout ratio (DPR) is currently 57.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Morgan Stanley boosted their price objective on Nasdaq from $92.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Royal Bank of Canada restated an "outperform" rating and set a $95.00 price objective on shares of Nasdaq in a report on Thursday, January 9th. TD Cowen dropped their price objective on shares of Nasdaq from $81.00 to $80.00 and set a "hold" rating on the stock in a research note on Monday, October 28th. StockNews.com raised shares of Nasdaq from a "sell" rating to a "hold" rating in a research report on Saturday, December 14th. Finally, UBS Group raised their price target on shares of Nasdaq from $73.00 to $79.00 and gave the company a "neutral" rating in a research report on Tuesday, October 8th. Five 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.com, Nasdaq currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.73.

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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