World Investment Advisors Purchases 20,685 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

World Investment Advisors lifted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 231.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,606 shares of the financial services provider's stock after purchasing an additional 20,685 shares during the period. World Investment Advisors' holdings in Nasdaq were worth $2,289,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NDAQ. Rakuten Securities Inc. acquired a new position in shares of Nasdaq during the 4th quarter valued at about $26,000. Founders Capital Management acquired a new stake in shares of Nasdaq during the 4th quarter worth approximately $27,000. Kestra Investment Management LLC purchased a new position in Nasdaq in the fourth quarter worth approximately $33,000. 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 during the last quarter. Finally, TCTC Holdings LLC purchased a new stake in shares of Nasdaq in the 4th quarter valued at approximately $41,000. Institutional investors and hedge funds own 72.47% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Oppenheimer boosted their target price on shares of Nasdaq from $86.00 to $89.00 and gave the stock an "outperform" rating in a research note on Monday, January 13th. StockNews.com lowered Nasdaq from a "hold" rating to a "sell" rating in a research report on Wednesday. Morgan Stanley lowered shares of Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price target on the stock. in a research note on Tuesday. JPMorgan Chase & Co. upped their target price on shares of Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Finally, Piper Sandler boosted their price target on shares of Nasdaq from $80.00 to $83.00 and gave the company an "overweight" rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Nasdaq has an average rating of "Moderate Buy" and a consensus target price of $85.88.

Insiders Place Their Bets

In related news, EVP Sarah Youngwood sold 14,959 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the transaction, the executive vice president now owns 59,694 shares in the company, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bryan Everard Smith sold 657 shares of the business's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $71.81, for a total value of $47,179.17. Following the completion of the sale, the executive vice president now owns 61,980 shares in the company, valued at $4,450,783.80. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,116 shares of company stock valued at $1,434,818. 0.70% of the stock is currently owned by insiders.

Nasdaq Stock Down 4.2 %

Shares of Nasdaq stock traded down $3.02 on Thursday, hitting $68.97. The company had a trading volume of 1,980,652 shares, compared to its average volume of 2,825,588. Nasdaq, Inc. has a twelve month low of $58.10 and a twelve month high of $84.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The stock has a 50-day moving average of $77.24 and a 200-day moving average of $77.45. The firm has a market capitalization of $39.67 billion, a P/E ratio of 35.90, a P/E/G ratio of 2.12 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.39%. The ex-dividend date was Friday, March 14th. Nasdaq's payout ratio is 50.00%.

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.