Founders Capital Management Takes $27,000 Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Founders Capital Management acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 350 shares of the financial services provider’s stock, valued at approximately $27,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new stake in shares of Nasdaq during the third quarter worth $27,000. Claro Advisors LLC acquired a new stake in shares of Nasdaq in the 3rd quarter valued at $33,000. Focused Wealth Management Inc bought a new stake in shares of Nasdaq during the 3rd quarter worth about $35,000. Peterson Financial Group Inc. bought a new position in shares of Nasdaq in the 3rd quarter valued at approximately $42,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Nasdaq in the 3rd quarter worth approximately $52,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NDAQ. TD Cowen cut their price target on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Royal Bank of Canada reissued an “outperform” rating and set a $95.00 price objective on shares of Nasdaq in a report on Thursday. Argus lifted their price target on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, December 14th. Finally, Raymond James lifted their target price on Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Nasdaq has a consensus rating of “Moderate Buy” and an average price target of $85.73.

Insider Activity at Nasdaq

In related news, EVP Jeremy Skule sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total transaction of $935,040.00. Following the sale, the executive vice president now owns 114,580 shares in the company, valued at approximately $8,928,073.60. This trade represents a 9.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Pc Nelson Griggs sold 6,000 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $75.71, for a total value of $454,260.00. Following the completion of the transaction, the insider now owns 215,563 shares of the company’s stock, valued at $16,320,274.73. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,459 shares of company stock worth $3,811,808 in the last three months. Insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

Shares of Nasdaq stock traded up $0.03 on Monday, hitting $75.91. 536,426 shares of the company were exchanged, compared to its average volume of 2,686,659. Nasdaq, Inc. has a 1-year low of $54.90 and a 1-year high of $83.77. The stock has a market capitalization of $43.63 billion, a price-to-earnings ratio of 45.46, a price-to-earnings-growth ratio of 3.12 and a beta of 0.98. The company has a 50-day moving average price of $79.26 and a 200 day moving average price of $72.89. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 earnings per share. As a group, sell-side analysts predict that Nasdaq, Inc. will post 2.79 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, December 6th. Nasdaq’s dividend payout ratio is presently 57.49%.

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.