Marshall Investment Management LLC Makes New $71,000 Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

Marshall Investment Management LLC acquired a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 966 shares of the financial services provider’s stock, valued at approximately $71,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of NDAQ. Catalyst Capital Advisors LLC acquired a new stake in Nasdaq during the 3rd quarter worth about $27,000. Founders Capital Management acquired a new position in shares of Nasdaq in the 4th quarter valued at about $27,000. Kestra Investment Management LLC acquired a new position in shares of Nasdaq in the 4th quarter valued at about $33,000. Raleigh Capital Management Inc. increased its holdings in shares of Nasdaq by 106.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 225 shares during the period. Finally, Focused Wealth Management Inc acquired a new position in shares of Nasdaq in the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Down 1.8 %

Shares of Nasdaq stock opened at $81.07 on Friday. The stock has a market capitalization of $46.60 billion, a P/E ratio of 42.22, a PEG ratio of 2.12 and a beta of 0.99. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The stock has a 50 day moving average price of $79.63 and a two-hundred day moving average price of $76.49. Nasdaq, Inc. has a 12-month low of $55.51 and a 12-month high of $84.15.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Equities analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.18%. Nasdaq’s dividend payout ratio is currently 50.00%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NDAQ. Citigroup upped their target price on Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 target price on shares of Nasdaq in a report on Thursday, January 30th. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, December 14th. Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a “hold” rating to a “buy” rating and upped their target price for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. Finally, Barclays dropped their target price on Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Nasdaq has a consensus rating of “Moderate Buy” and an average price target of $86.88.

Insiders Place Their Bets

In other news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the sale, the executive vice president now owns 55,576 shares in the company, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

Nasdaq 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.