Marshall Investment Management LLC Purchases New Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Marshall Investment Management LLC purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 966 shares of the financial services provider’s stock, valued at approximately $71,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NDAQ. Catalyst Capital Advisors LLC bought a new position in Nasdaq during the third quarter worth about $27,000. Founders Capital Management bought a new position in Nasdaq during the fourth quarter worth about $27,000. Kestra Investment Management LLC bought a new position in Nasdaq during the fourth quarter worth about $33,000. Raleigh Capital Management Inc. boosted its holdings in Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after buying an additional 225 shares during the last quarter. Finally, Focused Wealth Management Inc bought a new position in Nasdaq during the third quarter worth about $35,000. Institutional investors own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NDAQ shares. Argus raised 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. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a research report on Saturday, December 14th. Barclays dropped their price target on Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. TD Cowen dropped their price target on Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Finally, William Blair started coverage on Nasdaq in a research report on Monday, November 25th. They set an “outperform” rating on the stock. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Nasdaq currently has an average rating of “Moderate Buy” and a consensus target price of $86.88.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ opened at $81.07 on Friday. 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 12 month low of $55.51 and a 12 month high of $84.15. The stock has a 50 day moving average of $79.63 and a 200-day moving average of $76.49. The company has a market capitalization of $46.60 billion, a P/E ratio of 42.22, a P/E/G ratio of 2.12 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. As a group, equities research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.18%. Nasdaq’s dividend payout ratio (DPR) is presently 50.00%.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the transaction, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Company 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.