Nasdaq, Inc. (NASDAQ:NDAQ) Holdings Increased by Harbour Investments Inc.

Harbour Investments Inc. grew its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 6.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,572 shares of the financial services provider’s stock after buying an additional 223 shares during the quarter. Harbour Investments Inc.’s holdings in Nasdaq were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Corient Private Wealth LLC raised its position in shares of Nasdaq by 21.2% during the 4th quarter. Corient Private Wealth LLC now owns 337,591 shares of the financial services provider’s stock worth $26,099,000 after buying an additional 58,969 shares in the last quarter. CV Advisors LLC bought a new stake in shares of Nasdaq during the 4th quarter worth about $775,000. Envestnet Portfolio Solutions Inc. raised its position in shares of Nasdaq by 2.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 27,931 shares of the financial services provider’s stock worth $2,159,000 after buying an additional 703 shares in the last quarter. Frank Rimerman Advisors LLC raised its position in shares of Nasdaq by 3.9% during the 4th quarter. Frank Rimerman Advisors LLC now owns 9,074 shares of the financial services provider’s stock worth $702,000 after buying an additional 342 shares in the last quarter. Finally, Picton Mahoney Asset Management raised its position in shares of Nasdaq by 5.2% during the 4th quarter. Picton Mahoney Asset Management now owns 176,656 shares of the financial services provider’s stock worth $13,658,000 after buying an additional 8,750 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Stock Performance

Shares of NDAQ opened at $75.55 on Friday. The company’s 50 day moving average price is $79.17 and its 200 day moving average price is $77.40. Nasdaq, Inc. has a 52 week low of $58.10 and a 52 week high of $84.15. The company has a market capitalization of $43.45 billion, a PE ratio of 39.35, a PEG ratio of 2.12 and a beta of 0.96. 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 (NASDAQ:NDAQ) last posted its 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 net margin of 15.10% and a return on equity of 14.82%. Research analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm 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 $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s dividend payout ratio (DPR) is presently 50.00%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the sale, the executive vice president now directly owns 59,694 shares in the company, valued at $4,398,253.92. The trade was a 20.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on NDAQ. Citigroup lifted their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $80.00 to $98.00 in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods lifted their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. UBS Group lifted their price objective on shares of Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Finally, StockNews.com downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.