Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by Brooklyn Investment Group

Brooklyn Investment Group raised its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 8.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,899 shares of the financial services provider’s stock after purchasing an additional 148 shares during the period. Brooklyn Investment Group’s holdings in Nasdaq were worth $147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Whitener Capital Management Inc. raised its stake in Nasdaq by 4.2% in the fourth quarter. Whitener Capital Management Inc. now owns 11,717 shares of the financial services provider’s stock valued at $906,000 after buying an additional 469 shares in the last quarter. Avanza Fonder AB acquired a new stake in shares of Nasdaq during the 4th quarter worth about $2,459,000. Hennion & Walsh Asset Management Inc. lifted its stake in Nasdaq by 325.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 24,170 shares of the financial services provider’s stock worth $1,869,000 after purchasing an additional 18,490 shares during the last quarter. USA Financial Formulas purchased a new position in Nasdaq in the fourth quarter valued at approximately $856,000. Finally, Clarus Wealth Advisors raised its holdings in Nasdaq by 16.3% during the fourth quarter. Clarus Wealth Advisors now owns 10,696 shares of the financial services provider’s stock worth $815,000 after purchasing an additional 1,500 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Jeremy Skule sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total value of $935,040.00. Following the sale, the executive vice president now owns 114,580 shares in the company, valued at $8,928,073.60. This represents a 9.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Pc Nelson Griggs sold 6,000 shares of Nasdaq stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.71, for a total value of $454,260.00. Following the transaction, the insider now directly owns 215,563 shares of the company’s stock, valued at approximately $16,320,274.73. This represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,459 shares of company stock worth $3,811,808 in the last 90 days. 0.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NDAQ has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and upped their target price for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. The Goldman Sachs Group raised their price objective on Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, December 14th. Piper Sandler raised their price target on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Finally, Barclays decreased their price objective on Nasdaq from $97.00 to $96.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and an average target price of $85.73.

Nasdaq Trading Up 0.6 %

NASDAQ NDAQ opened at $78.83 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $45.31 billion, a P/E ratio of 47.20, a P/E/G ratio of 2.59 and a beta of 0.98. Nasdaq, Inc. has a 52-week low of $54.90 and a 52-week high of $83.77. The firm has a 50-day moving average price of $79.29 and a 200 day moving average price of $73.41.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the business posted $0.71 EPS. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. Equities research analysts expect that Nasdaq, Inc. will post 2.8 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.22%. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

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.