Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC grew its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 16.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,023 shares of the financial services provider’s stock after purchasing an additional 8,273 shares during the period. Yousif Capital Management LLC’s holdings in Nasdaq were worth $4,563,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Founders Capital Management purchased a new stake in Nasdaq during the fourth quarter worth about $27,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Nasdaq during the 3rd quarter worth approximately $27,000. Raleigh Capital Management Inc. increased its stake in Nasdaq by 106.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 225 shares in the last quarter. Claro Advisors LLC acquired a new position in Nasdaq during the third quarter worth $33,000. Finally, Focused Wealth Management Inc purchased a new stake in Nasdaq during the third quarter worth $35,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NDAQ. UBS Group lifted their price target on Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. William Blair began coverage on shares of Nasdaq in a research report on Monday, November 25th. They set an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and increased their price target for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. Raymond James lifted 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. Finally, Oppenheimer raised their price target on Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.88.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 12,075 shares of Nasdaq stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the transaction, the executive vice president now directly owns 102,505 shares of the company’s stock, valued at $8,072,268.75. The trade was a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the sale, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $82.82 on Friday. The firm has a market capitalization of $47.60 billion, a price-to-earnings ratio of 43.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99. The company has a 50 day moving average price of $79.55 and a 200 day moving average price of $75.38. Nasdaq, Inc. has a one year low of $54.90 and a one year 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.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Sell-side analysts anticipate that Nasdaq, Inc. will post 3.17 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s dividend payout ratio is currently 50.00%.

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.