Advisory Alpha LLC Takes $251,000 Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Advisory Alpha LLC bought a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,252 shares of the financial services provider’s stock, valued at approximately $251,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Catalyst Capital Advisors LLC acquired a new position in Nasdaq during the 3rd quarter worth approximately $27,000. Founders Capital Management acquired a new position in Nasdaq during the 4th quarter worth approximately $27,000. Claro Advisors LLC acquired a new position in Nasdaq during the 3rd quarter worth approximately $33,000. Focused Wealth Management Inc acquired a new position in Nasdaq during the 3rd quarter worth approximately $35,000. Finally, Peterson Financial Group Inc. acquired a new position in Nasdaq during the 3rd quarter worth approximately $42,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Price Performance

Shares of NDAQ stock opened at $81.03 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $46.57 billion, a P/E ratio of 48.52, a PEG ratio of 2.74 and a beta of 0.98. The stock’s 50-day moving average is $79.37 and its 200 day moving average is $73.87. Nasdaq, Inc. has a 1-year low of $54.90 and a 1-year high of $83.77.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the business posted $0.71 earnings per share. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. Research analysts predict that Nasdaq, Inc. will post 2.81 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Friday, December 6th. Nasdaq’s payout ratio is presently 57.49%.

Insider Buying and Selling at Nasdaq

In other news, 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 completion of the transaction, the executive vice president now directly owns 102,505 shares of the company’s stock, valued at $8,072,268.75. This represents a 10.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Pc Nelson Griggs sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.71, for a total value of $454,260.00. Following the transaction, the insider now directly owns 215,563 shares of the company’s stock, valued at approximately $16,320,274.73. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,459 shares of company stock valued at $3,811,808. 0.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NDAQ has been the topic of a number of analyst reports. UBS Group upped their price objective on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Citigroup boosted their target price on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. TD Cowen dropped their target price on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Piper Sandler boosted their target price on shares of Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 target price on shares of Nasdaq in a research report on Thursday, January 9th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Nasdaq has an average rating of “Moderate Buy” and an average target price of $85.73.

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.