Nasdaq, Inc. $NDAQ Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC raised its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 12.6% in the fourth quarter, HoldingsChannel reports. The firm owned 73,086 shares of the financial services provider’s stock after acquiring an additional 8,177 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Nasdaq were worth $7,099,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. raised its position in shares of Nasdaq by 7.8% during the 4th quarter. NBC Securities Inc. now owns 1,529 shares of the financial services provider’s stock worth $149,000 after buying an additional 111 shares in the last quarter. ORG Wealth Partners LLC raised its position in shares of Nasdaq by 6.9% during the 4th quarter. ORG Wealth Partners LLC now owns 1,746 shares of the financial services provider’s stock worth $170,000 after buying an additional 112 shares in the last quarter. Independent Advisor Alliance raised its position in shares of Nasdaq by 2.6% during the 4th quarter. Independent Advisor Alliance now owns 4,574 shares of the financial services provider’s stock worth $444,000 after buying an additional 117 shares in the last quarter. Orgel Wealth Management LLC raised its position in shares of Nasdaq by 4.7% during the 4th quarter. Orgel Wealth Management LLC now owns 2,623 shares of the financial services provider’s stock worth $255,000 after buying an additional 118 shares in the last quarter. Finally, Frank Rimerman Advisors LLC raised its position in shares of Nasdaq by 1.5% during the 4th quarter. Frank Rimerman Advisors LLC now owns 8,560 shares of the financial services provider’s stock worth $831,000 after buying an additional 128 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NDAQ has been the topic of a number of recent analyst reports. Raymond James Financial restated an “outperform” rating and set a $109.00 price target on shares of Nasdaq in a research report on Wednesday, February 25th. Weiss Ratings restated a “buy (b)” rating on shares of Nasdaq in a research report on Wednesday, April 22nd. Wall Street Zen upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Loop Capital set a $113.00 price target on shares of Nasdaq in a research report on Friday, April 24th. Finally, Argus upgraded shares of Nasdaq to a “strong-buy” rating in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Nasdaq currently has an average rating of “Moderate Buy” and an average target price of $107.15.

Nasdaq Stock Down 0.9%

NASDAQ NDAQ opened at $86.72 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00. The company’s 50 day simple moving average is $88.76 and its 200 day simple moving average is $90.11. Nasdaq, Inc. has a 12 month low of $77.09 and a 12 month high of $101.79. The company has a market capitalization of $49.04 billion, a P/E ratio of 26.12, a PEG ratio of 1.75 and a beta of 0.97.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.42 billion. Nasdaq had a net margin of 23.15% and a return on equity of 17.51%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the firm posted $0.79 earnings per share. Equities research analysts expect that Nasdaq, Inc. will post 3.86 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.4%. This is an increase from Nasdaq’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, June 12th. Nasdaq’s payout ratio is 32.53%.

Insider Activity

In other news, EVP Bradley J. Peterson sold 7,710 shares of Nasdaq stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $90.82, for a total value of $700,222.20. Following the transaction, the executive vice president directly owned 141,035 shares of the company’s stock, valued at $12,808,798.70. This trade represents a 5.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Michelle Lynn Daly sold 1,323 shares of Nasdaq stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $88.82, for a total transaction of $117,508.86. Following the completion of the transaction, the senior vice president directly owned 10,089 shares in the company, valued at approximately $896,104.98. This trade represents a 11.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 138,162 shares of company stock valued at $11,932,913. 0.60% of the stock is currently owned by insiders.

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.