Sax Wealth Advisors LLC Decreases Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Sax Wealth Advisors LLC decreased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 4.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,938 shares of the financial services provider’s stock after selling 1,234 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Nasdaq were worth $2,315,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NDAQ. Catalyst Capital Advisors LLC acquired a new position in Nasdaq during the 3rd quarter valued at approximately $27,000. Founders Capital Management acquired a new position in shares of Nasdaq in the 4th quarter valued at $27,000. Claro Advisors LLC purchased a new position in Nasdaq in the 3rd quarter worth $33,000. Focused Wealth Management Inc acquired a new stake in Nasdaq during the 3rd quarter worth about $35,000. Finally, Peterson Financial Group Inc. acquired a new stake in Nasdaq during the 3rd quarter worth about $42,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of several research analyst reports. Bank of America reduced their price objective on Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Piper Sandler lifted their price objective on shares of Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. William Blair initiated coverage on shares of Nasdaq in a research note on Monday, November 25th. They issued an “outperform” rating on the stock. Morgan Stanley boosted their target price on shares of Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a research report on Thursday, January 9th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.73.

Insider Transactions at Nasdaq

In related news, insider Pc Nelson Griggs sold 5,742 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total transaction of $444,086.28. Following the completion of the transaction, the insider now owns 205,821 shares of the company’s stock, valued at approximately $15,918,196.14. This trade represents a 2.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Bradley J. Peterson sold 13,642 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of the sale, the executive vice president now directly owns 142,830 shares in the company, valued at approximately $10,757,955.60. The trade was a 8.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,459 shares of company stock worth $3,811,808 in the last 90 days. Insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $78.83 on Friday. The firm has a 50-day simple moving average of $79.29 and a 200-day simple moving average of $73.31. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $45.31 billion, a price-to-earnings ratio of 47.20, a price-to-earnings-growth ratio of 2.59 and a beta of 0.98. Nasdaq, Inc. has a 52 week low of $54.90 and a 52 week high of $83.77.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. Nasdaq’s quarterly revenue was up 21.9% on a year-over-year basis. On average, equities analysts predict that Nasdaq, Inc. will post 2.8 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.22%. Nasdaq’s dividend payout ratio (DPR) is 57.49%.

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.