RWA Wealth Partners LLC Purchases 613 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

RWA Wealth Partners LLC increased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,766 shares of the financial services provider’s stock after purchasing an additional 613 shares during the quarter. RWA Wealth Partners LLC’s holdings in Nasdaq were worth $1,760,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. D.A. Davidson & CO. boosted its position in shares of Nasdaq by 4.1% during the 3rd quarter. D.A. Davidson & CO. now owns 14,956 shares of the financial services provider’s stock valued at $1,092,000 after purchasing an additional 590 shares in the last quarter. FMR LLC lifted its stake in shares of Nasdaq by 24.4% in the third quarter. FMR LLC now owns 977,949 shares of the financial services provider’s stock valued at $71,400,000 after buying an additional 191,705 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Nasdaq by 11.7% during the third quarter. Public Sector Pension Investment Board now owns 72,063 shares of the financial services provider’s stock valued at $5,261,000 after buying an additional 7,569 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Nasdaq by 6,916.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 9,964 shares of the financial services provider’s stock worth $727,000 after acquiring an additional 9,822 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in Nasdaq by 3.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 157,550 shares of the financial services provider’s stock valued at $11,495,000 after acquiring an additional 5,008 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Trading Up 1.3 %

Shares of NDAQ opened at $75.86 on Tuesday. The firm has a market cap of $43.63 billion, a price-to-earnings ratio of 39.51, a PEG ratio of 2.12 and a beta of 0.96. The firm has a 50 day moving average price of $79.06 and a 200-day moving average price of $77.65. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. Nasdaq, Inc. has a fifty-two week low of $58.10 and a fifty-two week high of $84.15.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (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%. As a group, equities research analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.24 per share. The ex-dividend date was Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.27%. Nasdaq’s payout ratio is 50.00%.

Analyst Upgrades and Downgrades

NDAQ has been the subject of several analyst reports. Royal Bank of Canada reissued 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 boosted their target price on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and raised their price objective for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. Raymond James boosted their target price on Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Finally, StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Thursday, March 27th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and an average target price of $86.88.

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the transaction, the executive vice president now owns 55,576 shares of the company’s stock, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the transaction, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

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.