Metis Global Partners LLC Has $2.62 Million Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Metis Global Partners LLC raised its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 22.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,835 shares of the financial services provider’s stock after acquiring an additional 6,282 shares during the period. Metis Global Partners LLC’s holdings in Nasdaq were worth $2,616,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NDAQ. Catalyst Capital Advisors LLC acquired a new position in Nasdaq in the 3rd quarter valued at approximately $27,000. Founders Capital Management acquired a new position in Nasdaq in the 4th quarter valued at approximately $27,000. Kestra Investment Management LLC acquired a new position in Nasdaq in the 4th quarter valued at approximately $33,000. Raleigh Capital Management Inc. raised its holdings in Nasdaq by 106.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 225 shares in the last quarter. Finally, Focused Wealth Management Inc acquired a new position in Nasdaq in the 3rd quarter valued at approximately $35,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Up 2.5 %

Shares of NDAQ opened at $82.78 on Friday. The firm has a market capitalization of $47.61 billion, a price-to-earnings ratio of 43.11, a PEG ratio of 2.12 and a beta of 0.99. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The business’s fifty day moving average price is $79.84 and its two-hundred day moving average price is $76.93. Nasdaq, Inc. has a 52 week low of $55.51 and a 52 week high of $84.15.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. On average, analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.16%. Nasdaq’s payout ratio is 50.00%.

Analyst Upgrades and Downgrades

Several research firms have commented on NDAQ. Citigroup upped their price target on Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 price objective on shares of Nasdaq in a research note on Thursday, January 30th. Keefe, Bruyette & Woods upped their price objective on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. UBS Group upped their price objective on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Finally, StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $86.88.

Insider Buying and Selling at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the transaction, the executive vice president now owns 55,576 shares of the company’s stock, valued at $4,532,778.56. This represents a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Nasdaq 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.