Farther Finance Advisors LLC Acquires 898 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Farther Finance Advisors LLC increased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 8.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,993 shares of the financial services provider’s stock after buying an additional 898 shares during the period. Farther Finance Advisors LLC’s holdings in Nasdaq were worth $927,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Citizens Financial Group Inc. RI raised its stake in shares of Nasdaq by 3.6% during the third quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock worth $290,000 after buying an additional 137 shares during the last quarter. Allworth Financial LP raised its stake in shares of Nasdaq by 12.3% during the fourth quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider’s stock worth $104,000 after buying an additional 141 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in Nasdaq by 1.5% in the fourth 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 Nasdaq by 8.5% in the fourth 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 in the last quarter. Finally, Crestwood Advisors Group LLC increased its stake in Nasdaq by 4.1% in the fourth quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 152 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. William Blair assumed coverage on shares of Nasdaq in a research note on Monday, November 25th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. upped their target price on shares of Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Oppenheimer upped their target price on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Barclays lowered their target price on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Finally, UBS Group upped their target price on shares of Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $86.88.

Nasdaq Stock Performance

Shares of NDAQ opened at $73.26 on Friday. Nasdaq, Inc. has a 12 month low of $57.96 and a 12 month high of $84.15. The firm has a fifty day simple moving average of $79.30 and a 200 day simple moving average of $77.25. The stock has a market capitalization of $42.14 billion, a price-to-earnings ratio of 38.16, a PEG ratio of 2.12 and a beta of 0.96. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Research analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s payout ratio is 50.00%.

Insider Buying and Selling

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction on 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 owns 55,576 shares in the company, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.70% of the stock is currently owned by corporate insiders.

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.