Sequoia Financial Advisors LLC Increases Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Sequoia Financial Advisors LLC grew its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 8.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 57,171 shares of the financial services provider's stock after acquiring an additional 4,447 shares during the period. Sequoia Financial Advisors LLC's holdings in Nasdaq were worth $4,337,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Laird Norton Wetherby Wealth Management LLC raised its stake in shares of Nasdaq by 1.0% in 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 acquiring an additional 157 shares during the period. Gamco Investors INC. ET AL increased its stake in 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 worth $317,000 after buying an additional 164 shares during the period. Wesbanco Bank Inc. increased its stake in Nasdaq by 7.1% during 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 during the period. Smartleaf Asset Management LLC increased its stake in Nasdaq by 10.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,048 shares of the financial services provider's stock worth $159,000 after buying an additional 192 shares during the period. Finally, Parallel Advisors LLC increased its stake in Nasdaq by 4.5% during the 4th quarter. Parallel Advisors LLC now owns 4,550 shares of the financial services provider's stock worth $352,000 after buying an additional 197 shares during the period. 72.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Bank of America upped their target price on shares of Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. Redburn Atlantic raised shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 target price on the stock in a research note on Thursday, April 17th. Morgan Stanley downgraded shares of Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 target price on the stock. in a research note on Tuesday, April 8th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $95.00 target price on shares of Nasdaq in a research note on Thursday, April 10th. Finally, Piper Sandler upped their target price on shares of Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.19.

Nasdaq Stock Up 0.8%

Shares of Nasdaq stock traded up $0.69 during trading hours on Friday, hitting $89.08. The company had a trading volume of 5,368,029 shares, compared to its average volume of 3,044,203. The company's 50-day moving average is $81.87 and its two-hundred day moving average is $79.02. Nasdaq, Inc. has a twelve month low of $59.46 and a twelve month high of $89.48. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $51.14 billion, a P/E ratio of 40.49, a price-to-earnings-growth ratio of 2.28 and a beta of 1.00.

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 (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. Nasdaq had a net margin of 16.36% and a return on equity of 15.38%. The business had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the prior year, the business posted $0.63 EPS. The company's revenue for the quarter was up 10.7% on a year-over-year basis. Analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a $0.27 dividend. This is a boost from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.21%. Nasdaq's dividend payout ratio is presently 49.09%.

Insider Activity

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

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.