Wintrust Investments LLC Has $30,000 Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Wintrust Investments LLC reduced its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 39.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 389 shares of the financial services provider’s stock after selling 257 shares during the period. Wintrust Investments LLC’s holdings in Nasdaq were worth $30,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Rakuten Securities Inc. acquired a new position in shares of Nasdaq during the 4th quarter worth about $26,000. Founders Capital Management acquired a new position in shares of Nasdaq during the 4th quarter worth about $27,000. Kestra Investment Management LLC acquired a new position in shares of Nasdaq during the 4th quarter worth about $33,000. Raleigh Capital Management Inc. increased 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 purchasing an additional 225 shares during the last quarter. Finally, Peterson Financial Group Inc. acquired a new position in shares of Nasdaq during the 3rd quarter worth about $42,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NDAQ. UBS Group boosted their price objective on shares of Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and upped their price target for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 price target on shares of Nasdaq in a research note on Thursday, January 30th. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. Finally, Oppenheimer upped their price target 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. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

Nasdaq Stock Performance

Shares of NASDAQ:NDAQ opened at $73.26 on Friday. The company’s 50 day moving average price is $79.30 and its two-hundred day moving average price is $77.25. Nasdaq, Inc. has a 12-month low of $57.96 and a 12-month high of $84.15. The firm has a market cap of $42.14 billion, a PE ratio of 38.16, a PEG ratio of 2.12 and a beta of 0.96. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (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%. Equities research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the sale, the executive vice president now owns 55,576 shares in the company, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.70% of the stock is currently owned by company insiders.

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.