Savant Capital LLC Purchases 1,456 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Savant Capital LLC increased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 25.2% during the 4th quarter, Holdings Channel reports. The firm owned 7,231 shares of the financial services provider’s stock after acquiring an additional 1,456 shares during the period. Savant Capital LLC’s holdings in Nasdaq were worth $559,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Founders Capital Management bought a new stake in shares of Nasdaq during the 4th quarter valued at $27,000. Catalyst Capital Advisors LLC bought a new stake in Nasdaq in the 3rd quarter valued at $27,000. Raleigh Capital Management Inc. increased its holdings in Nasdaq by 106.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 225 shares during the last quarter. Claro Advisors LLC bought a new stake in Nasdaq in the 3rd quarter valued at $33,000. Finally, Focused Wealth Management Inc bought a new stake in Nasdaq in the 3rd quarter valued at $35,000. 72.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of a number of research reports. TD Cowen reduced their price target on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, October 28th. Raymond James lifted their price target on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and lifted their price target for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. Barclays reduced their price target on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.88.

Nasdaq Price Performance

NDAQ stock opened at $80.91 on Monday. Nasdaq, Inc. has a 12 month low of $54.90 and a 12 month high of $84.15. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The company has a 50-day moving average price of $79.51 and a 200 day moving average price of $76.01. The stock has a market cap of $46.50 billion, a PE ratio of 42.14, a P/E/G ratio of 2.15 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Equities research analysts anticipate that Nasdaq, Inc. will post 3.17 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.19%. Nasdaq’s dividend payout ratio is presently 50.00%.

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction 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. The trade was a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is owned by corporate 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.