6,127 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Acquired by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 6,127 shares of the financial services provider’s stock, valued at approximately $474,000.

Other institutional investors have also recently made changes to their positions in the company. Citizens Financial Group Inc. RI increased its holdings in Nasdaq by 3.6% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 137 shares during the period. First Pacific Financial increased its stake in shares of Nasdaq by 1.0% during the third quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock valued at $1,011,000 after buying an additional 142 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of Nasdaq by 1.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock valued at $759,000 after acquiring an additional 148 shares in the last quarter. Brooklyn Investment Group lifted 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 worth $147,000 after acquiring an additional 148 shares during the period. Finally, Crestwood Advisors Group LLC boosted its holdings in Nasdaq by 4.2% in the third quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Jeremy Skule sold 12,075 shares of Nasdaq stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the completion of the sale, the executive vice president now directly owns 102,505 shares in the company, valued at $8,072,268.75. The trade was a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Pc Nelson Griggs sold 5,742 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total transaction of $444,086.28. Following the transaction, the insider now directly owns 205,821 shares of the company’s stock, valued at $15,918,196.14. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,459 shares of company stock valued at $3,811,808. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $80.83 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $46.46 billion, a price-to-earnings ratio of 48.40, a price-to-earnings-growth ratio of 2.74 and a beta of 0.98. Nasdaq, Inc. has a one year low of $54.90 and a one year high of $83.77. The company’s 50-day moving average is $79.31 and its 200 day moving average is $73.82.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. Sell-side analysts expect that Nasdaq, Inc. will post 2.81 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.19%. Nasdaq’s dividend payout ratio is 57.49%.

Analysts Set New Price Targets

Several brokerages have commented on NDAQ. William Blair began coverage on shares of Nasdaq in a report on Monday, November 25th. They issued an “outperform” rating for the company. Oppenheimer increased their price target on shares of Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. Morgan Stanley lifted their price objective on Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Piper Sandler increased their target price on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a “hold” rating to a “buy” rating and lifted their price target for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.73.

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.