Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC increased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,277 shares of the financial services provider’s stock after buying an additional 2,400 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Nasdaq were worth $3,578,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC purchased a new position in shares of Nasdaq in the 3rd quarter valued at about $90,000. Creative Planning lifted its position in shares of Nasdaq by 6.8% during the 3rd quarter. Creative Planning now owns 54,917 shares of the financial services provider’s stock worth $4,010,000 after purchasing an additional 3,475 shares during the last quarter. Swedbank AB grew its stake in shares of Nasdaq by 13.3% during the third quarter. Swedbank AB now owns 46,053 shares of the financial services provider’s stock worth $3,362,000 after purchasing an additional 5,415 shares in the last quarter. Seven Grand Managers LLC increased its holdings in Nasdaq by 1,900.0% in the third quarter. Seven Grand Managers LLC now owns 500,000 shares of the financial services provider’s stock valued at $36,505,000 after buying an additional 475,000 shares during the last quarter. Finally, Sax Wealth Advisors LLC purchased a new stake in Nasdaq during the 3rd quarter worth about $2,276,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NDAQ has been the topic of a number of recent analyst reports. Barclays dropped their price objective on Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Argus raised their price objective on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Oppenheimer increased their target price 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. William Blair assumed coverage on shares of Nasdaq in a research report on Monday, November 25th. They issued an “outperform” rating for the company. Finally, JPMorgan Chase & Co. raised their price objective on Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.88.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $79.92 on Thursday. The stock has a fifty day moving average price of $79.51 and a 200 day moving average price of $75.78. Nasdaq, Inc. has a 1-year low of $54.90 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. The company has a market cap of $45.93 billion, a PE ratio of 41.63, a P/E/G ratio of 2.15 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping 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%. Sell-side analysts forecast that Nasdaq, Inc. will post 3.17 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s dividend payout ratio is presently 50.00%.

Insiders Place Their Bets

In related news, EVP Jeremy Skule sold 12,075 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the sale, the executive vice president now owns 102,505 shares of the company’s stock, valued at approximately $8,072,268.75. The trade was a 10.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Bryan Everard Smith sold 3,500 shares of the 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 completion of the transaction, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at approximately $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. 0.70% of the stock is currently owned by insiders.

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.