Flagship Harbor Advisors LLC Has $1.40 Million Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Flagship Harbor Advisors LLC grew its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,123 shares of the financial services provider’s stock after purchasing an additional 193 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Nasdaq were worth $1,401,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new position in shares of Nasdaq during the 3rd quarter worth about $27,000. Founders Capital Management bought a new stake in Nasdaq in the fourth quarter valued at approximately $27,000. Claro Advisors LLC acquired a new stake in shares of Nasdaq in the third quarter valued at approximately $33,000. Raleigh Capital Management Inc. boosted its stake in shares of Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 225 shares during the period. Finally, Focused Wealth Management Inc acquired a new position in shares of Nasdaq during the 3rd quarter worth approximately $35,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Nasdaq in a research report on Thursday, January 9th. Piper Sandler upped their price target on shares of Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Citigroup raised their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. TD Cowen lowered their target price on Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. Finally, StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. Five equities 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.com, Nasdaq has an average rating of “Moderate Buy” and a consensus target price of $85.73.

Insiders Place Their Bets

In related news, EVP Jeremy Skule sold 12,075 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $78.75, for a total value of $950,906.25. Following the transaction, the executive vice president now directly owns 102,505 shares in the company, valued at $8,072,268.75. This trade represents a 10.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Pc Nelson Griggs sold 5,742 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total transaction of $444,086.28. Following the sale, the insider now owns 205,821 shares of the company’s stock, valued at $15,918,196.14. This trade represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,817 shares of company stock worth $2,330,033. 0.70% of the stock is currently owned by company insiders.

Nasdaq Trading Up 0.1 %

NDAQ opened at $81.15 on Monday. The stock has a market cap of $46.64 billion, a PE ratio of 48.59, a price-to-earnings-growth ratio of 2.77 and a beta of 0.98. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq, Inc. has a twelve month low of $54.90 and a twelve month high of $83.77. The company has a fifty day moving average of $79.41 and a 200-day moving average of $74.19.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share 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 firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the business posted $0.71 EPS. The business’s revenue was up 21.9% compared to the same quarter last year. On average, sell-side analysts predict that Nasdaq, Inc. will post 2.81 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Friday, December 6th. 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.