Elevation Point Wealth Partners LLC Has $524,000 Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Elevation Point Wealth Partners LLC reduced its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 34.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,910 shares of the financial services provider's stock after selling 3,675 shares during the period. Elevation Point Wealth Partners LLC's holdings in Nasdaq were worth $524,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Allworth Financial LP boosted its holdings in shares of Nasdaq by 12.3% in the fourth quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider's stock valued at $104,000 after acquiring an additional 141 shares in the last quarter. Crestwood Advisors Group LLC boosted its stake in Nasdaq by 4.1% during the 4th quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider's stock valued at $295,000 after purchasing an additional 152 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC increased its position in shares of Nasdaq by 1.0% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,303 shares of the financial services provider's stock valued at $1,260,000 after purchasing an additional 157 shares during the period. Gamco Investors INC. ET AL increased its position in shares of Nasdaq by 4.2% during the 4th quarter. Gamco Investors INC. ET AL now owns 4,103 shares of the financial services provider's stock valued at $317,000 after purchasing an additional 164 shares during the period. Finally, Wesbanco Bank Inc. raised its stake in shares of Nasdaq by 7.1% in the 1st quarter. Wesbanco Bank Inc. now owns 2,829 shares of the financial services provider's stock worth $215,000 after buying an additional 187 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, insider Pc Nelson Griggs sold 8,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total value of $664,240.00. Following the transaction, the insider now owns 211,405 shares in the company, valued at $17,552,957.15. The trade was a 3.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Bryan Everard Smith sold 657 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $71.81, for a total value of $47,179.17. Following the sale, the executive vice president now directly owns 61,980 shares of the company's stock, valued at $4,450,783.80. This trade represents a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NDAQ. Bank of America boosted their price target on shares of Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. UBS Group reiterated a "cautious" rating on shares of Nasdaq in a report on Monday, April 28th. Oppenheimer cut their target price on shares of Nasdaq from $89.00 to $85.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Morgan Stanley lowered shares of Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price target on the stock. in a research report on Tuesday, April 8th. Finally, Wall Street Zen raised Nasdaq from a "sell" rating to a "hold" rating in a report on Friday, April 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Nasdaq currently has a consensus rating of "Moderate Buy" and an average price target of $86.50.

Nasdaq Stock Up 1.3%

Nasdaq stock traded up $1.09 during mid-day trading on Monday, hitting $86.68. The company's stock had a trading volume of 3,832,983 shares, compared to its average volume of 3,289,720. Nasdaq, Inc. has a 52-week low of $58.28 and a 52-week high of $87.50. The company has a market cap of $49.76 billion, a PE ratio of 45.15, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The firm's 50 day moving average is $78.72 and its 200 day moving average is $78.57.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. The firm's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 EPS. On average, analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a $0.27 dividend. This is an increase from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date is Friday, June 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.25%. Nasdaq's dividend payout ratio is presently 49.09%.

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.