FourThought Financial Partners LLC Boosts Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

FourThought Financial Partners LLC increased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,735 shares of the financial services provider’s stock after buying an additional 917 shares during the quarter. FourThought Financial Partners LLC’s holdings in Nasdaq were worth $7,015,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Catalyst Capital Advisors LLC bought a new stake in Nasdaq during the 3rd quarter worth approximately $27,000. Founders Capital Management bought a new stake in Nasdaq during the 4th quarter worth approximately $27,000. Kestra Investment Management LLC bought a new stake in Nasdaq during the 4th quarter worth approximately $33,000. Raleigh Capital Management Inc. raised its stake in Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 225 shares during the period. Finally, Focused Wealth Management Inc bought a new stake in Nasdaq during the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insiders Place Their Bets

In related 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 value 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 represents a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

NDAQ opened at $79.94 on Tuesday. The firm’s 50-day moving average price is $79.62 and its 200-day moving average price is $76.64. The company has a market cap of $45.95 billion, a P/E ratio of 41.64, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99. Nasdaq, Inc. has a 52-week low of $55.51 and a 52-week high of $84.15. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81.

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%. As a group, equities analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

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 given a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.20%. Nasdaq’s dividend payout ratio is presently 50.00%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Oppenheimer raised their target price on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Barclays dropped their price objective on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Raymond James boosted their target price on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their target price for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. Finally, StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, December 14th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Nasdaq has a consensus rating of “Moderate Buy” and an average target price of $86.88.

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.