Envestnet Portfolio Solutions Inc. Acquires 703 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Envestnet Portfolio Solutions Inc. lifted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 2.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 27,931 shares of the financial services provider’s stock after acquiring an additional 703 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Nasdaq were worth $2,159,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Rakuten Securities Inc. bought a new stake in Nasdaq during the 4th quarter valued at $26,000. Founders Capital Management bought a new stake in Nasdaq during the 4th quarter valued at $27,000. Kestra Investment Management LLC bought a new stake in Nasdaq during the 4th quarter valued at $33,000. Raleigh Capital Management Inc. raised its holdings in Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after buying an additional 225 shares during the last quarter. Finally, Y.D. More Investments Ltd raised its holdings in Nasdaq by 94.2% during the 4th quarter. Y.D. More Investments Ltd now owns 606 shares of the financial services provider’s stock valued at $47,000 after buying an additional 294 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Nasdaq

In other Nasdaq 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 transaction of $285,460.00. Following the transaction, the executive vice president now owns 55,576 shares in the company, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the transaction, the executive vice president now owns 59,694 shares in the company, valued at $4,398,253.92. This trade represents a 20.04 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

Shares of Nasdaq stock opened at $76.91 on Friday. The stock has a market cap of $44.23 billion, a price-to-earnings ratio of 40.06, a PEG ratio of 2.12 and a beta of 0.96. The firm’s 50-day moving average is $79.18 and its 200 day moving average is $77.38. Nasdaq, Inc. has a 1 year low of $58.10 and a 1 year high of $84.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95.

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, 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%. Sell-side analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.25%. The ex-dividend date is Friday, March 14th. Nasdaq’s dividend payout ratio is currently 50.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NDAQ shares. Citigroup upped their price target on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Keefe, Bruyette & Woods boosted their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Oppenheimer boosted their price objective on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. boosted their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, Barclays reduced their price objective on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and an average price target of $86.88.

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.