Nasdaq, Inc. (NASDAQ:NDAQ) Stake Decreased by Round Hill Asset Management

Round Hill Asset Management lessened its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,782 shares of the financial services provider’s stock after selling 600 shares during the quarter. Nasdaq accounts for 5.0% of Round Hill Asset Management’s portfolio, making the stock its 6th largest position. Round Hill Asset Management’s holdings in Nasdaq were worth $7,096,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in NDAQ. Rakuten Securities Inc. bought a new stake in Nasdaq in the fourth quarter worth about $26,000. Founders Capital Management purchased a new stake in shares of Nasdaq in the fourth quarter worth approximately $27,000. Kestra Investment Management LLC bought a new stake in shares of Nasdaq during the 4th quarter worth approximately $33,000. Raleigh Capital Management Inc. boosted its holdings in Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 225 shares during the period. Finally, TCTC Holdings LLC purchased a new position in Nasdaq during the 4th quarter valued at $41,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NDAQ has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price on Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and lifted their price objective for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. Bank of America upped their target price on shares of Nasdaq from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, April 2nd. Barclays decreased their price target on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Finally, Oppenheimer increased their price objective on Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.94.

Nasdaq Price Performance

NDAQ opened at $68.25 on Monday. The firm has a market capitalization of $39.25 billion, a PE ratio of 35.55, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. 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 business’s 50-day moving average is $78.53 and its two-hundred day moving average is $77.69. Nasdaq, Inc. has a 1 year low of $58.10 and a 1 year high of $84.15.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data 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 net margin of 15.10% and a return on equity of 14.82%. Research analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.41%. Nasdaq’s payout ratio is 50.00%.

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the sale, the executive vice president now directly 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Sarah Youngwood sold 14,959 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the transaction, the executive vice president now owns 59,694 shares in the company, valued at $4,398,253.92. The trade was a 20.04 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.

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.