United Capital Financial Advisors LLC Decreases Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

United Capital Financial Advisors LLC lessened its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 3.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 261,225 shares of the financial services provider’s stock after selling 8,521 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Nasdaq were worth $20,195,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new stake in shares of Nasdaq in the fourth quarter valued at about $26,000. Founders Capital Management acquired a new stake in Nasdaq in the 4th quarter worth about $27,000. Kestra Investment Management LLC purchased a new stake in Nasdaq during the 4th quarter worth approximately $33,000. Raleigh Capital Management Inc. raised its holdings in shares of Nasdaq by 106.6% during the fourth 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 last quarter. Finally, TCTC Holdings LLC purchased a new position in shares of Nasdaq in the fourth quarter valued at approximately $41,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Piper Sandler boosted their price target on Nasdaq from $80.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 8th. Morgan Stanley downgraded 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, April 8th. Raymond James increased their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Barclays lowered their target price on Nasdaq from $87.00 to $86.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $95.00 price target on shares of Nasdaq in a research report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.56.

Insider Buying and Selling at Nasdaq

In related news, EVP Sarah Youngwood sold 14,959 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the transaction, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at $4,398,253.92. The trade was a 20.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction dated 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 represents a 5.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,116 shares of company stock valued at $1,434,818 in the last three months. 0.70% of the stock is owned by corporate insiders.

Nasdaq Price Performance

Shares of NDAQ opened at $73.17 on Wednesday. The firm has a 50-day simple moving average of $76.39 and a two-hundred day simple moving average of $77.43. The stock has a market cap of $42.08 billion, a PE ratio of 38.11, a P/E/G ratio of 2.12 and a beta of 1.02. Nasdaq, Inc. has a 1-year low of $58.10 and a 1-year 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.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Friday, March 14th. Nasdaq’s dividend payout ratio (DPR) is 50.00%.

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.