2,188 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Purchased by Fund 1 Investments LLC

Fund 1 Investments LLC acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,188 shares of the financial services provider’s stock, valued at approximately $169,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NDAQ. Allworth Financial LP increased its stake in Nasdaq by 12.3% during the 4th quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 141 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of Nasdaq by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock worth $759,000 after purchasing an additional 148 shares during the period. Brooklyn Investment Group raised 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 lifted its position in Nasdaq by 4.1% during the fourth quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 152 shares during the period. Finally, Gamco Investors INC. ET AL grew its stake in Nasdaq by 4.2% during the fourth quarter. Gamco Investors INC. ET AL now owns 4,103 shares of the financial services provider’s stock worth $317,000 after buying an additional 164 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Up 0.3 %

Shares of NASDAQ NDAQ opened at $79.20 on Friday. 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, Inc. has a 1 year low of $58.28 and a 1 year high of $84.15. The stock has a market capitalization of $45.47 billion, a P/E ratio of 41.25, a P/E/G ratio of 2.12 and a beta of 1.00. The company has a 50-day moving average price of $74.36 and a 200-day moving average price of $77.70.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 EPS. On average, equities research analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from Nasdaq’s previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 1.36%. Nasdaq’s dividend payout ratio (DPR) is 49.09%.

Insiders Place Their Bets

In related news, 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 transaction of $47,179.17. Following the sale, the executive vice president now directly owns 61,980 shares in the company, valued at approximately $4,450,783.80. This trade represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Sarah Youngwood sold 14,959 shares of the company’s 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 completion of the transaction, the executive vice president now owns 59,694 shares of the company’s stock, 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. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Morgan Stanley downgraded shares of Nasdaq from an “overweight” rating to an “equal weight” rating and set a $74.00 price target for the company. in a report on Tuesday, April 8th. Citigroup dropped their price objective on shares of Nasdaq from $84.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Barclays cut their price target on Nasdaq from $86.00 to $84.00 and set an “overweight” rating on the stock in a research note on Friday, April 25th. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Friday, April 18th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Nasdaq from $87.00 to $88.00 and gave the company an “outperform” rating in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and an average target price of $86.50.

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.