Prosperity Consulting Group LLC Acquires 3,877 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Prosperity Consulting Group LLC lifted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 10.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,173 shares of the financial services provider's stock after purchasing an additional 3,877 shares during the quarter. Prosperity Consulting Group LLC's holdings in Nasdaq were worth $3,106,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Rakuten Securities Inc. bought a new position in Nasdaq in the 4th quarter worth $26,000. Founders Capital Management bought a new position in shares of Nasdaq in the fourth quarter worth about $27,000. Kestra Investment Management LLC acquired a new position in shares of Nasdaq during the 4th quarter worth about $33,000. Raleigh Capital Management Inc. lifted its position 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 during the last quarter. Finally, TCTC Holdings LLC acquired a new stake in shares of Nasdaq in the fourth quarter worth $41,000. Institutional investors own 72.47% of the company's stock.

Insider Activity

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the sale, the executive vice president now directly owns 59,694 shares in the company, valued at approximately $4,398,253.92. This trade represents a 20.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Bryan Everard Smith sold 3,500 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the transaction, the executive vice president now owns 55,576 shares of the company's stock, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,116 shares of company stock valued at $1,434,818 in the last ninety days. 0.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NDAQ shares. Bank of America boosted their price objective on shares of Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. Raymond James raised their price objective on Nasdaq from $83.00 to $84.00 and gave the stock an "outperform" rating in a research report on Thursday, January 9th. JPMorgan Chase & Co. upped their target price on Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Citigroup dropped their price target on shares of Nasdaq from $84.00 to $75.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a "hold" rating to a "buy" rating and upped their price objective for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.18.

Nasdaq Trading Up 0.3 %

NDAQ traded up $0.21 during mid-day trading on Thursday, reaching $76.42. The stock had a trading volume of 1,154,631 shares, compared to its average volume of 3,062,985. The stock has a market capitalization of $43.87 billion, a P/E ratio of 39.79, a P/E/G ratio of 2.12 and a beta of 1.02. Nasdaq, Inc. has a 52 week low of $58.28 and a 52 week high of $84.15. 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 firm's fifty day simple moving average is $74.69 and its two-hundred day simple moving average is $77.49.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. The firm had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.22 billion. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The business's revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the firm earned $0.63 earnings per share. On average, equities analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a dividend of $0.27 per share. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, June 13th. Nasdaq's payout ratio is presently 49.09%.

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.