Fiduciary Alliance LLC acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ – Get Rating) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 493 shares of the financial services provider’s stock, valued at approximately $30,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Nasdaq by 199.6% in the third quarter. Vanguard Group Inc. now owns 38,732,420 shares of the financial services provider’s stock valued at $2,195,354,000 after acquiring an additional 25,806,315 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Nasdaq by 200.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 36,693,056 shares of the financial services provider’s stock valued at $2,079,761,000 after acquiring an additional 24,469,561 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Nasdaq by 208.0% in the third quarter. BlackRock Inc. now owns 25,205,253 shares of the financial services provider’s stock valued at $1,428,635,000 after acquiring an additional 17,020,720 shares in the last quarter. State Street Corp boosted its holdings in shares of Nasdaq by 198.9% in the third quarter. State Street Corp now owns 14,905,982 shares of the financial services provider’s stock valued at $844,871,000 after acquiring an additional 9,918,941 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its holdings in shares of Nasdaq by 199.2% in the third quarter. Artisan Partners Limited Partnership now owns 6,084,682 shares of the financial services provider’s stock valued at $344,880,000 after acquiring an additional 4,050,818 shares in the last quarter. Hedge funds and other institutional investors own 73.01% of the company’s stock.
Insider Activity
In other news, insider Michelle Lynn Daly sold 1,998 shares of the business’s stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $59.55, for a total value of $118,980.90. Following the completion of the transaction, the insider now owns 8,971 shares of the company’s stock, valued at $534,223.05. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Bryan Everard Smith sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $57.06, for a total transaction of $342,360.00. Following the completion of the transaction, the executive vice president now owns 56,083 shares of the company’s stock, valued at $3,200,095.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michelle Lynn Daly sold 1,998 shares of the company’s stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $59.55, for a total transaction of $118,980.90. Following the transaction, the insider now directly owns 8,971 shares of the company’s stock, valued at approximately $534,223.05. The disclosure for this sale can be found here. Insiders sold a total of 12,198 shares of company stock valued at $712,669 over the last 90 days. Insiders own 0.68% of the company’s stock.
Nasdaq Stock Down 0.6 %
Nasdaq (NASDAQ:NDAQ – Get Rating) last posted its quarterly earnings data on Wednesday, January 25th. The financial services provider reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The firm had revenue of $906.00 million during the quarter, compared to analyst estimates of $908.94 million. Nasdaq had a net margin of 18.08% and a return on equity of 22.12%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 EPS. Equities analysts anticipate that Nasdaq, Inc. will post 2.7 EPS for the current fiscal year.
Nasdaq Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 17th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, March 16th. Nasdaq’s dividend payout ratio is presently 35.50%.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on NDAQ shares. Piper Sandler lowered their target price on shares of Nasdaq from $73.33 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, January 26th. JPMorgan Chase & Co. decreased their price objective on shares of Nasdaq from $70.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, January 26th. Keefe, Bruyette & Woods decreased their price objective on shares of Nasdaq from $73.00 to $67.00 and set an “outperform” rating on the stock in a report on Thursday, January 26th. Oppenheimer decreased their price objective on shares of Nasdaq from $71.00 to $66.00 and set an “outperform” rating on the stock in a report on Thursday, January 26th. Finally, Rosenblatt Securities decreased their price objective on shares of Nasdaq from $84.00 to $82.00 and set a “buy” rating on the stock in a report on Thursday, January 26th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $64.74.
Nasdaq Company Profile
Nasdaq, Inc is a holding company, which engages in trading, clearing, exchange technology, regulatory, securities listing, information, and public and private company services. It operates through the following segments: Market Technology, Investment Intelligence, Corporate Platforms, and Market Services.
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