Nasdaq, Inc. (NASDAQ:NDAQ) Position Increased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 2.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 20,566 shares of the financial services provider’s stock after acquiring an additional 491 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Nasdaq were worth $1,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC bought a new position in shares of Nasdaq during the third quarter worth about $27,000. Claro Advisors LLC bought a new position in shares of Nasdaq in the third quarter valued at approximately $33,000. Focused Wealth Management Inc acquired a new position in shares of Nasdaq during the 3rd quarter valued at $35,000. Peterson Financial Group Inc. acquired a new position in Nasdaq during the third quarter worth about $42,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Nasdaq in the 3rd quarter worth approximately $52,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Stock Up 1.0 %

NDAQ opened at $76.98 on Thursday. The company has a market capitalization of $44.24 billion, a PE ratio of 46.10, a price-to-earnings-growth ratio of 3.12 and a beta of 0.98. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. Nasdaq, Inc. has a fifty-two week low of $54.90 and a fifty-two week high of $83.77. The business has a 50-day moving average of $79.29 and a 200-day moving average of $73.12.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 earnings per share. Equities research analysts forecast that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Friday, December 6th. Nasdaq’s payout ratio is presently 57.49%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NDAQ shares. Oppenheimer lifted their target price on Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a report on Monday. Morgan Stanley boosted their price objective on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Piper Sandler raised their target price on shares of Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Barclays cut their price target on shares of Nasdaq from $97.00 to $96.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Argus raised their price objective on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Nasdaq has a consensus rating of “Moderate Buy” and a consensus target price of $85.73.

Insider Buying and Selling

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

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.