Paralel Advisors LLC Boosts Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Paralel Advisors LLC lifted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 10.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,782 shares of the financial services provider’s stock after acquiring an additional 3,616 shares during the quarter. Paralel Advisors LLC’s holdings in Nasdaq were worth $3,076,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Allworth Financial LP raised its stake in shares of Nasdaq by 12.3% in the 4th quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider’s stock worth $104,000 after buying an additional 141 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in Nasdaq by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock valued at $759,000 after purchasing an additional 148 shares in the last quarter. Brooklyn Investment Group grew its stake in Nasdaq by 8.5% in the fourth quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 148 shares in the last quarter. Crestwood Advisors Group LLC boosted its stake in shares of Nasdaq by 4.1% during the 4th quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider’s stock worth $295,000 after acquiring an additional 152 shares in the last quarter. Finally, Crestmont Private Wealth LLC boosted its stake in shares of Nasdaq by 2.4% during the 4th quarter. Crestmont Private Wealth LLC now owns 8,017 shares of the financial services provider’s stock worth $620,000 after acquiring an additional 185 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Down 2.1 %

NDAQ traded down $1.53 during midday trading on Thursday, reaching $70.46. The company’s stock had a trading volume of 231,830 shares, compared to its average volume of 2,819,558. The stock’s 50-day moving average is $77.24 and its 200-day moving average is $77.45. The firm has a market capitalization of $40.52 billion, a price-to-earnings ratio of 36.70, a PEG ratio of 2.12 and a beta of 1.02. Nasdaq, Inc. has a 1 year low of $58.10 and a 1 year high of $84.15. 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 posted its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, research analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently announced 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. This represents a $0.96 annualized dividend and a yield of 1.36%. The ex-dividend date was Friday, March 14th. Nasdaq’s dividend payout ratio is presently 50.00%.

Insider Buying and Selling at Nasdaq

In related news, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction 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 transaction, the executive vice president now directly owns 59,694 shares in the company, valued at $4,398,253.92. This trade represents a 20.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Bryan Everard Smith sold 657 shares of Nasdaq stock in a transaction on Friday, April 4th. The stock was sold at an average price of $71.81, for a total value of $47,179.17. Following the transaction, the executive vice president now directly owns 61,980 shares of the company’s stock, valued at $4,450,783.80. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,116 shares of company stock worth $1,434,818. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on NDAQ shares. Keefe, Bruyette & Woods upped their price target on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, December 20th. UBS Group increased their price target on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. StockNews.com downgraded Nasdaq from a “hold” rating to a “sell” rating in a research note on Wednesday. Barclays dropped their price objective on Nasdaq from $95.00 to $87.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Morgan Stanley downgraded Nasdaq from an “overweight” rating to an “equal weight” rating and set a $74.00 price objective on the stock. in a research note on Tuesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $85.88.

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.