Applied Capital LLC FL Has $2.47 Million Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Applied Capital LLC FL cut its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,987 shares of the financial services provider’s stock after selling 170 shares during the quarter. Nasdaq comprises 1.9% of Applied Capital LLC FL’s portfolio, making the stock its 16th largest position. Applied Capital LLC FL’s holdings in Nasdaq were worth $2,473,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NDAQ. Sei Investments Co. grew its holdings in Nasdaq by 1.7% during the second quarter. Sei Investments Co. now owns 233,014 shares of the financial services provider’s stock valued at $14,040,000 after purchasing an additional 3,872 shares during the period. Public Sector Pension Investment Board grew its holdings in shares of Nasdaq by 8.1% in the 2nd quarter. Public Sector Pension Investment Board now owns 64,494 shares of the financial services provider’s stock valued at $3,886,000 after buying an additional 4,842 shares during the period. Evergreen Capital Management LLC increased its position in shares of Nasdaq by 5.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 3,826 shares of the financial services provider’s stock valued at $231,000 after buying an additional 197 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of Nasdaq by 1.9% in the 2nd quarter. Squarepoint Ops LLC now owns 124,949 shares of the financial services provider’s stock valued at $7,529,000 after buying an additional 2,302 shares in the last quarter. Finally, MBB Public Markets I LLC lifted its holdings in Nasdaq by 609.1% during the second quarter. MBB Public Markets I LLC now owns 29,237 shares of the financial services provider’s stock worth $1,762,000 after acquiring an additional 25,114 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NDAQ. Barclays dropped their price target on Nasdaq from $97.00 to $96.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group raised their target price on shares of Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Piper Sandler upped 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. Bank of America cut their price objective on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Finally, Morgan Stanley increased their target price on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $85.73.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $81.15 on Friday. The stock has a market cap of $46.64 billion, a P/E ratio of 48.59, a P/E/G ratio of 2.77 and a beta of 0.98. The company has a fifty day moving average price of $79.41 and a two-hundred day moving average price of $74.11. Nasdaq, Inc. has a one year low of $54.90 and a one year high of $83.77. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95.

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

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued 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 payout ratio is currently 57.49%.

Insider Transactions at Nasdaq

In related news, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the sale, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. The trade was a 8.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jeremy Skule sold 12,075 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction of $950,906.25. Following the transaction, the executive vice president now owns 102,505 shares of the company’s stock, valued at approximately $8,072,268.75. This represents a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,459 shares of company stock valued at $3,811,808. 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.