12,992 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Bought by Napa Wealth Management

Napa Wealth Management acquired a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,992 shares of the financial services provider's stock, valued at approximately $1,004,000.

Other institutional investors also recently modified their holdings of the company. Rakuten Securities Inc. acquired a new stake in shares of Nasdaq during the 4th quarter worth approximately $26,000. Founders Capital Management acquired a new stake in shares of Nasdaq during the 4th quarter worth approximately $27,000. Kestra Investment Management LLC acquired a new stake in shares of Nasdaq during the 4th quarter worth approximately $33,000. Raleigh Capital Management Inc. grew its holdings in shares of Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider's stock worth $34,000 after purchasing an additional 225 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Nasdaq during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 72.47% of the company's stock.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 657 shares of the business'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 completion of the transaction, the executive vice president now directly owns 61,980 shares of the company's stock, valued at approximately $4,450,783.80. The trade was a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the transaction, the executive vice president now directly owns 59,694 shares of the company's stock, valued at approximately $4,398,253.92. The trade was a 20.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Trading Up 0.8%

Shares of NDAQ stock traded up $0.62 on Friday, reaching $81.90. 5,144,712 shares of the stock were exchanged, compared to its average volume of 2,901,743. The stock has a market cap of $47.02 billion, a PE ratio of 42.66, 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 $84.15. 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 stock has a 50 day moving average price of $74.81 and a 200 day moving average price of $77.88.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. The company had revenue of $1.24 billion during 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 previous year, the company posted $0.63 earnings per share. Equities research analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Friday, June 13th. This is an increase from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio is currently 49.09%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Nasdaq from $88.00 to $95.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Citigroup cut their target price on Nasdaq from $84.00 to $75.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Piper Sandler raised their target price on Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $95.00 price objective on shares of Nasdaq in a research note on Thursday, April 10th. Finally, Bank of America upped their price objective 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. One investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.