Wealth Enhancement Advisory Services LLC Buys 12,000 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Wealth Enhancement Advisory Services LLC boosted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 59.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,075 shares of the financial services provider's stock after purchasing an additional 12,000 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Nasdaq were worth $2,480,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NDAQ. Rakuten Securities Inc. acquired a new stake in shares of Nasdaq during the fourth quarter worth approximately $26,000. Kestra Investment Management LLC bought a new stake in Nasdaq during the 4th quarter worth approximately $33,000. Kapitalo Investimentos Ltda acquired a new stake in Nasdaq during the 4th quarter valued at $37,000. TCTC Holdings LLC bought a new position in Nasdaq in the 4th quarter valued at $41,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Nasdaq in the fourth quarter worth $43,000. 72.47% of the stock is owned by institutional investors.

Nasdaq Trading Up 1.9%

NDAQ stock traded up $1.61 during midday trading on Friday, hitting $85.61. 2,971,027 shares of the company's stock were exchanged, compared to its average volume of 2,947,625. Nasdaq, Inc. has a one year low of $58.28 and a one year high of $85.74. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The company has a market cap of $49.15 billion, a PE ratio of 44.59, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00. The stock's fifty day moving average price is $77.00 and its 200-day moving average price is $78.42.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data 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 return on equity of 14.82% and a net margin of 15.10%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the firm earned $0.63 EPS. Nasdaq's quarterly revenue was up 10.7% compared to the same quarter last year. Research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share 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 issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Friday, June 13th. This is a boost from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio is 49.09%.

Insider Transactions at Nasdaq

In other news, insider Pc Nelson Griggs sold 8,000 shares of Nasdaq stock in a transaction that occurred 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 sale, the insider now directly owns 211,405 shares in the company, valued at $17,552,957.15. This trade represents a 3.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 completion of the sale, the executive vice president now directly owns 61,980 shares in the company, valued at approximately $4,450,783.80. This represents a 1.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,616 shares of company stock valued at $1,813,598 over the last quarter. Corporate insiders own 0.70% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on NDAQ. Citigroup lowered their target price on Nasdaq from $84.00 to $75.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Piper Sandler raised their price target on Nasdaq from $80.00 to $83.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Oppenheimer dropped their price objective on Nasdaq from $89.00 to $85.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Redburn Atlantic upgraded shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 target price on the stock in a research report on Thursday, April 17th. Finally, Barclays lowered their price target on shares of Nasdaq from $86.00 to $84.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.50.

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.