Nasdaq, Inc. (NASDAQ:NDAQ) is Prana Capital Management LP's 6th Largest Position

Prana Capital Management LP increased its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 128.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,351,248 shares of the financial services provider's stock after purchasing an additional 760,711 shares during the period. Nasdaq accounts for 5.0% of Prana Capital Management LP's portfolio, making the stock its 6th biggest position. Prana Capital Management LP owned approximately 0.24% of Nasdaq worth $104,465,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. ProShare Advisors LLC raised its position in shares of Nasdaq by 11.5% in the 4th quarter. ProShare Advisors LLC now owns 88,692 shares of the financial services provider's stock worth $6,857,000 after purchasing an additional 9,160 shares during the last quarter. Quantinno Capital Management LP boosted its stake in Nasdaq by 15.4% during the 4th quarter. Quantinno Capital Management LP now owns 35,005 shares of the financial services provider's stock valued at $2,706,000 after purchasing an additional 4,676 shares during the last quarter. Mufg Securities Americas Inc. purchased a new position in shares of Nasdaq in the fourth quarter worth $472,000. Malaga Cove Capital LLC purchased a new stake in shares of Nasdaq during the fourth quarter valued at $205,000. Finally, Nissay Asset Management Corp Japan ADV increased its holdings in Nasdaq by 1.3% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 52,295 shares of the financial services provider's stock worth $4,101,000 after buying an additional 669 shares in the last quarter. Institutional investors own 72.47% of the company's stock.

Insider Buying and Selling

In other news, EVP Bryan Everard Smith sold 657 shares of Nasdaq stock in a transaction that occurred on 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 owns 61,980 shares in the company, valued at approximately $4,450,783.80. The trade was a 1.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the sale, the executive vice president now owns 59,694 shares of the company's stock, valued at approximately $4,398,253.92. This represents 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 company insiders.

Nasdaq Price Performance

Shares of Nasdaq stock opened at $81.06 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a 52 week low of $58.28 and a 52 week high of $84.15. The stock's 50-day simple moving average is $74.64 and its 200-day simple moving average is $77.84. The company has a market capitalization of $46.54 billion, a price-to-earnings ratio of 42.22, a PEG ratio of 2.12 and a beta of 1.00.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released 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 net margin of 15.10% and a return on equity of 14.82%. The firm had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter last year, the business posted $0.63 earnings per share. The company's revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently declared 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 is an increase from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.33%. Nasdaq's dividend payout ratio (DPR) is presently 49.09%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of Nasdaq from a "sell" rating to a "hold" rating in a report on Friday, April 18th. 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. UBS Group reaffirmed a "cautious" rating on shares of Nasdaq in a research report on Monday, April 28th. Piper Sandler increased 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. Finally, Citigroup cut their price objective on Nasdaq from $84.00 to $75.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. One 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. Based on data from MarketBeat, Nasdaq currently has an average rating of "Moderate Buy" and an average 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.

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