D.B. Root & Company LLC Takes Position in Nasdaq, Inc. (NASDAQ:NDAQ)

D.B. Root & Company LLC bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,717 shares of the financial services provider’s stock, valued at approximately $210,000.

Several other institutional investors also recently bought and sold shares of the stock. Catalyst Capital Advisors LLC acquired a new stake in shares of Nasdaq during the 3rd quarter worth approximately $27,000. Founders Capital Management purchased a new stake in Nasdaq during the fourth quarter worth $27,000. Claro Advisors LLC acquired a new stake in Nasdaq during the third quarter valued at $33,000. Focused Wealth Management Inc acquired a new stake in Nasdaq during the third quarter valued at $35,000. Finally, Peterson Financial Group Inc. purchased a new position in Nasdaq in the third quarter valued at $42,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Nasdaq news, insider Pc Nelson Griggs sold 6,000 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were 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 in the company, valued at $16,320,274.73. The trade was a 2.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jeremy Skule sold 12,000 shares of the firm’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 transaction of $935,040.00. Following the sale, the executive vice president now owns 114,580 shares of the company’s stock, valued at $8,928,073.60. This represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,459 shares of company stock valued at $3,811,808. 0.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on NDAQ shares. Keefe, Bruyette & Woods raised their target price on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a “hold” rating to a “buy” rating and boosted their price objective for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. Morgan Stanley increased their target price on Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. TD Cowen cut their price target on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a report on Monday, October 28th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $95.00 price objective on shares of Nasdaq in a research report on Thursday, January 9th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.73.

Nasdaq Stock Up 0.2 %

NDAQ stock opened at $81.03 on Friday. The company has a market cap of $46.57 billion, a price-to-earnings ratio of 48.52, a PEG ratio of 2.74 and a beta of 0.98. The firm has a 50-day moving average of $79.37 and a two-hundred day moving average of $73.87. Nasdaq, Inc. has a 12 month low of $54.90 and a 12 month high of $83.77. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm’s revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 earnings per share. As a group, analysts forecast that Nasdaq, Inc. will post 2.81 earnings per share for the current fiscal 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 issued a dividend of $0.24 per share. The ex-dividend date was Friday, December 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.18%. Nasdaq’s dividend payout ratio is presently 57.49%.

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.