Turtle Creek Wealth Advisors LLC Makes New $29,000 Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

Turtle Creek Wealth Advisors LLC purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 497 shares of the financial services provider’s stock, valued at approximately $29,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Loomis Sayles & Co. L P acquired a new position in shares of Nasdaq in the 3rd quarter valued at $26,000. Carmel Capital Partners LLC acquired a new position in Nasdaq in the 3rd quarter worth $32,000. Harbour Investments Inc. boosted its stake in Nasdaq by 250.6% in the 4th quarter. Harbour Investments Inc. now owns 547 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 391 shares during the period. Clear Street Markets LLC boosted its stake in Nasdaq by 93.9% in the 1st quarter. Clear Street Markets LLC now owns 665 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 322 shares during the period. Finally, RVW Wealth LLC acquired a new position in Nasdaq in the 3rd quarter worth $44,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Price Performance

NDAQ stock opened at $61.52 on Friday. The company has a fifty day moving average price of $59.08 and a 200-day moving average price of $55.64. The company has a market capitalization of $35.39 billion, a P/E ratio of 29.16, a PEG ratio of 2.87 and a beta of 0.93. Nasdaq, Inc. has a 52-week low of $46.88 and a 52-week high of $64.25. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.01 and a current ratio of 1.01.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. Nasdaq’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 earnings per share. As a group, equities analysts expect that Nasdaq, Inc. will post 2.75 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.22 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.88 annualized dividend and a yield of 1.43%. Nasdaq’s payout ratio is 41.71%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NDAQ. Citigroup boosted their price target on shares of Nasdaq from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th. Morgan Stanley raised shares of Nasdaq from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $59.00 to $80.00 in a research report on Tuesday. Rosenblatt Securities reiterated a “buy” rating and issued a $82.00 price target on shares of Nasdaq in a research note on Thursday, February 1st. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Finally, UBS Group upped their price target on shares of Nasdaq from $56.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $67.09.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 7,400 shares of Nasdaq stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.91, for a total value of $465,534.00. Following the completion of the sale, the executive vice president now directly owns 61,672 shares of the company’s stock, valued at $3,879,785.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of Nasdaq stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the completion of the sale, the insider now directly owns 58,341,545 shares of the company’s stock, valued at $3,383,809,610. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Bryan Everard Smith sold 7,400 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.91, for a total transaction of $465,534.00. Following the sale, the executive vice president now directly owns 61,672 shares of the company’s stock, valued at $3,879,785.52. The disclosure for this sale can be found here. 0.75% of the stock is owned by company insiders.

About Nasdaq

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.