3,668 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Purchased by Strategic Investment Advisors MI

Strategic Investment Advisors MI acquired a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,668 shares of the financial services provider’s stock, valued at approximately $284,000.

Other hedge funds have also recently bought and sold shares of the company. Citizens Financial Group Inc. RI boosted its position in shares of Nasdaq by 3.6% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 137 shares in the last quarter. First Pacific Financial lifted its stake in Nasdaq by 1.0% during the third quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock worth $1,011,000 after purchasing an additional 142 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Nasdaq by 1.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock valued at $759,000 after purchasing an additional 148 shares in the last quarter. Brooklyn Investment Group increased its stake in shares of Nasdaq by 8.5% in the 4th quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 148 shares during the last quarter. Finally, Crestwood Advisors Group LLC raised its holdings in shares of Nasdaq by 4.2% during the 3rd quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock worth $268,000 after buying an additional 149 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

Nasdaq Stock Performance

Shares of NDAQ opened at $81.46 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. The firm’s fifty day simple moving average is $79.45 and its two-hundred day simple moving average is $74.33. Nasdaq, Inc. has a 12 month low of $54.90 and a 12 month high of $83.77. The stock has a market capitalization of $46.82 billion, a P/E ratio of 48.78, a price-to-earnings-growth ratio of 2.77 and a beta of 0.98.

Nasdaq Dividend Announcement

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

Insiders Place Their Bets

In other Nasdaq news, EVP Jeremy Skule sold 12,075 shares of Nasdaq stock in a transaction on Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the completion of the sale, the executive vice president now directly owns 102,505 shares of the company’s stock, valued at approximately $8,072,268.75. The trade was a 10.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Pc Nelson Griggs sold 5,742 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total transaction of $444,086.28. Following the transaction, the insider now directly owns 205,821 shares in the company, 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 three months, insiders sold 29,817 shares of company stock worth $2,330,033. 0.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of several research analyst reports. Argus raised their price objective on Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Piper Sandler lifted their price target on shares of Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Citigroup increased their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Keefe, Bruyette & Woods boosted their target price 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. Finally, Morgan Stanley increased their price target on Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently 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.