Fiduciary Alliance LLC Acquires 7,912 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Fiduciary Alliance LLC lifted its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 60.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,036 shares of the financial services provider's stock after purchasing an additional 7,912 shares during the period. Fiduciary Alliance LLC's holdings in Nasdaq were worth $1,596,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NINE MASTS CAPITAL Ltd acquired a new stake in Nasdaq in the fourth quarter worth $274,000. Teacher Retirement System of Texas increased its position in shares of Nasdaq by 892.3% in the 4th quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider's stock valued at $4,689,000 after buying an additional 54,535 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Nasdaq by 26.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider's stock worth $3,454,000 after buying an additional 9,130 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Nasdaq during the 4th quarter worth $48,749,000. Finally, Farallon Capital Management LLC lifted its holdings in Nasdaq by 6.3% during the fourth quarter. Farallon Capital Management LLC now owns 3,998,019 shares of the financial services provider's stock worth $309,087,000 after acquiring an additional 235,748 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Pc Nelson Griggs sold 8,000 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total value of $664,240.00. Following the completion of the transaction, the insider now directly owns 211,405 shares of the company's stock, valued at approximately $17,552,957.15. This trade represents a 3.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bryan Everard Smith sold 657 shares of the business's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the transaction, the executive vice president now owns 61,980 shares in the company, valued at approximately $4,450,783.80. The trade was a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,616 shares of company stock valued at $1,813,598 in the last 90 days. 0.70% of the stock is currently owned by insiders.

Nasdaq Stock Up 0.1%

Nasdaq stock traded up $0.06 during mid-day trading on Wednesday, reaching $83.87. The company's stock had a trading volume of 2,784,373 shares, compared to its average volume of 2,938,744. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. Nasdaq, Inc. has a 12 month low of $58.28 and a 12 month high of $84.45. The business's 50 day simple moving average is $76.66 and its 200 day simple moving average is $78.35. The company has a market capitalization of $48.15 billion, a price-to-earnings ratio of 43.68, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00.

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

Nasdaq Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.29%. This is an increase from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, June 13th. Nasdaq's dividend payout ratio (DPR) is currently 49.09%.

Analyst Ratings Changes

Several equities research analysts have issued reports on NDAQ shares. Piper Sandler increased their price target on Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Barclays decreased their price objective on Nasdaq from $86.00 to $84.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Bank of America raised their target price on shares of Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. Redburn Atlantic upgraded shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price target for the company in a report on Thursday, April 17th. Finally, Wall Street Zen raised shares of Nasdaq from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen 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 an average target price of $86.50.

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.