Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC grew its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 3.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 279,815 shares of the financial services provider's stock after acquiring an additional 10,247 shares during the quarter. Nasdaq comprises about 1.6% of Foster Victor Wealth Advisors LLC's portfolio, making the stock its 10th biggest holding. Foster Victor Wealth Advisors LLC's holdings in Nasdaq were worth $20,015,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of NDAQ. Rakuten Securities Inc. bought a new stake in shares of Nasdaq during the 4th quarter valued at $26,000. Opal Wealth Advisors LLC bought a new stake in shares of Nasdaq during the 1st quarter valued at $26,000. Kestra Investment Management LLC bought a new stake in shares of Nasdaq during the 4th quarter valued at $33,000. Kapitalo Investimentos Ltda bought a new stake in shares of Nasdaq during the 4th quarter valued at $37,000. Finally, TCTC Holdings LLC bought a new stake in shares of Nasdaq during the 4th quarter valued at $41,000. 72.47% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Bryan Everard Smith sold 657 shares of the 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 completion of the sale, the executive vice president now owns 61,980 shares of the company's stock, valued at approximately $4,450,783.80. This represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Pc Nelson Griggs sold 8,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total value of $664,240.00. Following the sale, the insider now directly owns 211,405 shares of the company's stock, valued at $17,552,957.15. This represents a 3.65% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,616 shares of company stock valued at $1,813,598. Company insiders own 0.70% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on NDAQ. Barclays dropped 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. Royal Bank of Canada restated an "outperform" rating and set a $95.00 price objective on shares of Nasdaq in a research report on Thursday, April 10th. Keefe, Bruyette & Woods upped their price objective on Nasdaq from $87.00 to $88.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Citigroup dropped their price objective on Nasdaq from $84.00 to $75.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Wall Street Zen upgraded 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 given a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, Nasdaq currently has an average rating of "Moderate Buy" and a consensus target price of $86.50.

Nasdaq Trading Down 1.5%

Nasdaq stock traded down $1.31 during trading hours on Friday, hitting $85.59. The stock had a trading volume of 3,149,225 shares, compared to its average volume of 2,978,758. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The stock has a market cap of $49.14 billion, a price-to-earnings ratio of 44.58, a P/E/G ratio of 2.12 and a beta of 1.00. Nasdaq, Inc. has a one year low of $58.28 and a one year high of $87.50. The business's 50 day simple moving average is $78.72 and its 200-day simple moving average is $78.60.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings results 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%. The business's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 earnings per share. On average, equities analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a $0.27 dividend. This is a boost from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date is Friday, June 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.26%. Nasdaq's dividend payout ratio is presently 49.09%.

Nasdaq 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.