FourThought Financial LLC Has $240,000 Position in Nasdaq, Inc. (NASDAQ:NDAQ)

FourThought Financial LLC boosted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ – Get Rating) by 375.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,239 shares of the financial services provider’s stock after acquiring an additional 3,347 shares during the quarter. FourThought Financial LLC’s holdings in Nasdaq were worth $240,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cresset Asset Management LLC increased its holdings in shares of Nasdaq by 4.5% during the 1st quarter. Cresset Asset Management LLC now owns 1,717 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 74 shares during the last quarter. Horizon Investments LLC grew its holdings in Nasdaq by 8.3% during the first quarter. Horizon Investments LLC now owns 1,120 shares of the financial services provider’s stock valued at $200,000 after purchasing an additional 86 shares during the last quarter. Ibex Wealth Advisors raised its position in shares of Nasdaq by 0.3% in the second quarter. Ibex Wealth Advisors now owns 32,853 shares of the financial services provider’s stock valued at $5,011,000 after purchasing an additional 93 shares during the period. Mutual of America Capital Management LLC raised its position in shares of Nasdaq by 0.6% in the second quarter. Mutual of America Capital Management LLC now owns 15,722 shares of the financial services provider’s stock valued at $2,398,000 after purchasing an additional 101 shares during the period. Finally, Brinker Capital Investments LLC lifted its stake in shares of Nasdaq by 0.4% in the first quarter. Brinker Capital Investments LLC now owns 29,446 shares of the financial services provider’s stock worth $5,247,000 after buying an additional 106 shares during the last quarter. 73.01% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Stock Down 0.7 %

Shares of NDAQ opened at $52.75 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average price of $58.68 and a two-hundred day moving average price of $60.61. The stock has a market cap of $25.79 billion, a price-to-earnings ratio of 23.44, a P/E/G ratio of 4.29 and a beta of 0.96. Nasdaq, Inc. has a 12 month low of $46.77 and a 12 month high of $69.22.

Nasdaq (NASDAQ:NDAQ – Get Rating) last announced its quarterly earnings results on Wednesday, January 25th. The financial services provider reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). Nasdaq had a net margin of 18.08% and a return on equity of 22.12%. The company had revenue of $906.00 million during the quarter, compared to analyst estimates of $908.94 million. During the same period in the prior year, the firm earned $0.64 EPS. Nasdaq’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities analysts predict that Nasdaq, Inc. will post 2.7 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Thursday, March 16th. Nasdaq’s dividend payout ratio (DPR) is currently 35.56%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods dropped their target price 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. Piper Sandler cut their price objective on Nasdaq from $73.33 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, January 26th. Morgan Stanley increased their target price on Nasdaq from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Friday, January 20th. Deutsche Bank Aktiengesellschaft downgraded Nasdaq from a “buy” rating to a “hold” rating and dropped their price target for the stock from $72.00 to $60.00 in a research report on Thursday, January 26th. Finally, Rosenblatt Securities reduced their price objective on Nasdaq from $84.00 to $82.00 and set a “buy” rating for the company in a research report on Thursday, January 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $64.74.

Insider Activity at Nasdaq

In other news, EVP Jeremy Skule sold 2,100 shares of the business’s stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $60.45, for a total value of $126,945.00. Following the transaction, the executive vice president now directly owns 74,667 shares of the company’s stock, valued at approximately $4,513,620.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Jeremy Skule sold 2,100 shares of the company’s stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $60.45, for a total transaction of $126,945.00. Following the transaction, the executive vice president now owns 74,667 shares of the company’s stock, valued at $4,513,620.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michelle Lynn Daly sold 1,998 shares of the firm’s stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $59.55, for a total value of $118,980.90. Following the transaction, the insider now owns 8,971 shares in the company, valued at approximately $534,223.05. The disclosure for this sale can be found here. Insiders sold 14,298 shares of company stock valued at $839,614 in the last ninety days. Insiders own 0.68% of the company’s stock.

Nasdaq Company Profile

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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.