Investors Research Corp Has $255,000 Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Investors Research Corp trimmed its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 54.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,300 shares of the financial services provider’s stock after selling 3,900 shares during the quarter. Investors Research Corp’s holdings in Nasdaq were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in NDAQ. Founders Capital Management acquired a new stake in Nasdaq during the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC bought a new position in shares of Nasdaq in the fourth quarter valued at approximately $33,000. Raleigh Capital Management Inc. raised its stake in shares of Nasdaq by 106.6% in the fourth 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 during the last quarter. Peterson Financial Group Inc. bought a new position in shares of Nasdaq in the third quarter valued at approximately $42,000. Finally, Y.D. More Investments Ltd raised its stake in shares of Nasdaq by 94.2% in the fourth quarter. Y.D. More Investments Ltd now owns 606 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 294 shares during the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $72.85 on Tuesday. The firm has a market cap of $41.90 billion, a PE ratio of 37.94, a PEG ratio of 2.12 and a beta of 0.96. 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, Inc. has a 1-year low of $57.96 and a 1-year high of $84.15. The company has a fifty day moving average price of $79.69 and a 200 day moving average price of $77.28.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping 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 predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.32%. Nasdaq’s dividend payout ratio (DPR) is presently 50.00%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Raymond James boosted their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Oppenheimer boosted their price objective on shares of Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Citigroup boosted their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $95.00 price objective on shares of Nasdaq in a research report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.88.

Insiders Place Their Bets

In other news, EVP Bryan Everard Smith sold 3,500 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the sale, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.70% of the company’s stock.

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.