Nasdaq, Inc. (NASDAQ:NDAQ) Stake Lowered by Stablepoint Partners LLC

Stablepoint Partners LLC cut its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,277 shares of the financial services provider’s stock after selling 146 shares during the quarter. Stablepoint Partners LLC’s holdings in Nasdaq were worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new position in Nasdaq in the 3rd quarter worth about $27,000. Founders Capital Management bought a new stake in shares of Nasdaq in the 4th quarter valued at approximately $27,000. Claro Advisors LLC acquired a new position in Nasdaq in the third quarter worth approximately $33,000. Raleigh Capital Management Inc. lifted its stake in Nasdaq by 106.6% in 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, Focused Wealth Management Inc bought a new stake in Nasdaq in the third quarter worth approximately $35,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Stock Up 0.1 %

NDAQ stock opened at $81.15 on Monday. Nasdaq, Inc. has a twelve month low of $54.90 and a twelve month high of $83.77. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The company 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 business’s 50-day simple moving average is $79.41 and its 200 day simple moving average is $74.19.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. Nasdaq’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 EPS. On average, research analysts anticipate that Nasdaq, Inc. will post 2.81 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Friday, December 6th. Nasdaq’s dividend payout ratio is 57.49%.

Insider Activity

In other news, insider Pc Nelson Griggs sold 5,742 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total value of $444,086.28. Following the sale, the insider now directly owns 205,821 shares in the company, valued at approximately $15,918,196.14. This represents a 2.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 value of $935,040.00. Following the transaction, the executive vice president now owns 114,580 shares of the company’s stock, valued at $8,928,073.60. This trade represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,817 shares of company stock worth $2,330,033. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NDAQ shares. Deutsche Bank Aktiengesellschaft raised 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 research note on Wednesday, January 8th. Morgan Stanley upped their price target on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Argus boosted their target price on Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Piper Sandler increased their price target on Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $85.73.

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.