FourThought Financial Partners LLC Has $2.52 Million Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

FourThought Financial Partners LLC boosted its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 815.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,291 shares of the financial services provider's stock after purchasing an additional 38,563 shares during the period. FourThought Financial Partners LLC's holdings in Nasdaq were worth $2,517,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NDAQ. Benjamin F. Edwards & Company Inc. increased its holdings in Nasdaq by 666.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 365,047 shares of the financial services provider's stock valued at $21,224,000 after acquiring an additional 317,428 shares in the last quarter. Summit Global Investments acquired a new stake in shares of Nasdaq in the fourth quarter valued at approximately $448,000. Natixis Advisors L.P. increased its stake in shares of Nasdaq by 4.5% during the 4th quarter. Natixis Advisors L.P. now owns 625,762 shares of the financial services provider's stock worth $36,381,000 after purchasing an additional 27,145 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Nasdaq by 26.3% during the 4th quarter. Fisher Asset Management LLC now owns 31,555 shares of the financial services provider's stock worth $1,835,000 after purchasing an additional 6,575 shares during the last quarter. Finally, First Trust Direct Indexing L.P. lifted its stake in Nasdaq by 14.6% in the 4th quarter. First Trust Direct Indexing L.P. now owns 8,047 shares of the financial services provider's stock valued at $468,000 after buying an additional 1,025 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Bryan Everard Smith sold 7,400 shares of Nasdaq stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the transaction, the executive vice president now directly owns 61,672 shares of the company's stock, valued at approximately $3,879,785.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the company's stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the completion of the sale, the insider now directly owns 58,341,545 shares of the company's stock, valued at approximately $3,383,809,610. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Bryan Everard Smith sold 7,400 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.91, for a total value of $465,534.00. Following the completion of the sale, the executive vice president now owns 61,672 shares of the company's stock, valued at $3,879,785.52. The disclosure for this sale can be found here. Insiders sold 31,010,436 shares of company stock worth $1,798,647,360 over the last three months. 0.75% of the stock is owned by insiders.

Nasdaq Trading Up 1.3 %

Nasdaq stock traded up $0.80 during trading on Friday, reaching $60.87. The company had a trading volume of 2,889,284 shares, compared to its average volume of 3,357,425. Nasdaq, Inc. has a 12-month low of $46.88 and a 12-month high of $64.25. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.01 and a current ratio of 0.99. The stock's 50 day moving average price is $60.34 and its two-hundred day moving average price is $56.82. The firm has a market capitalization of $35.01 billion, a price-to-earnings ratio of 32.04, a PEG ratio of 3.32 and a beta of 0.94.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.63 earnings per share for the quarter, missing analysts' consensus estimates of $0.65 by ($0.02). The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. The firm's revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.69 EPS. As a group, equities analysts expect that Nasdaq, Inc. will post 2.69 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Friday, June 14th. This is an increase from Nasdaq's previous quarterly dividend of $0.22. Nasdaq's payout ratio is 46.32%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NDAQ. Edward Jones initiated coverage on Nasdaq in a research report on Wednesday, April 3rd. They set a "buy" rating for the company. Morgan Stanley upgraded Nasdaq from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $59.00 to $80.00 in a research report on Tuesday, April 9th. Piper Sandler upped their target price on shares of Nasdaq from $70.00 to $71.00 and gave the company an "overweight" rating in a report on Thursday, February 1st. Citigroup lifted their price target on shares of Nasdaq from $56.00 to $63.00 and gave the stock a "neutral" rating in a report on Friday, January 12th. Finally, Rosenblatt Securities cut their price objective on shares of Nasdaq from $82.00 to $76.00 and set a "buy" rating for the company in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Nasdaq has an average rating of "Moderate Buy" and an average price target of $66.92.

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.