First Fiduciary Investment Counsel Inc. Has $12.92 Million Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

First Fiduciary Investment Counsel Inc. increased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 167,167 shares of the financial services provider’s stock after purchasing an additional 4,132 shares during the period. Nasdaq makes up 2.6% of First Fiduciary Investment Counsel Inc.’s portfolio, making the stock its 13th biggest position. First Fiduciary Investment Counsel Inc.’s holdings in Nasdaq were worth $12,924,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in NDAQ. Dynamic Advisor Solutions LLC bought a new stake in shares of Nasdaq during the third quarter valued at approximately $213,000. Wedmont Private Capital bought a new position in Nasdaq in the third quarter valued at approximately $259,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Nasdaq by 427.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,826 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 3,100 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Nasdaq in the third quarter worth $90,000. Finally, Martin Capital Advisors LLP raised its holdings in Nasdaq by 2.1% in the third quarter. Martin Capital Advisors LLP now owns 13,532 shares of the financial services provider’s stock worth $988,000 after purchasing an additional 279 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

NDAQ has been the topic of several analyst reports. TD Cowen cut their target price on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, October 28th. Argus increased their target price on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Barclays cut their target price on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. UBS Group increased their target price on shares of Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Finally, StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, December 14th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $86.88.

Nasdaq Stock Down 1.9 %

Nasdaq stock opened at $81.21 on Tuesday. The company has a market cap of $46.68 billion, a P/E ratio of 42.30, a price-to-earnings-growth ratio of 2.15 and a beta of 0.99. Nasdaq, Inc. has a 1-year low of $54.90 and a 1-year high of $84.15. The company has a fifty day simple moving average of $79.54 and a 200 day simple moving average of $75.65. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Research analysts anticipate that Nasdaq, Inc. will post 3.17 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s dividend payout ratio (DPR) is presently 50.00%.

Insider Activity

In related news, EVP Jeremy Skule sold 12,075 shares of Nasdaq stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the completion of the sale, the executive vice president now owns 102,505 shares of the company’s stock, valued at approximately $8,072,268.75. The trade was a 10.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the sale, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their position. The disclosure for this sale can be found here. 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.