Hollencrest Capital Management Has $51,000 Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Hollencrest Capital Management lowered its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 41.2% in the fourth quarter, HoldingsChannel reports. The fund owned 662 shares of the financial services provider’s stock after selling 464 shares during the period. Hollencrest Capital Management’s holdings in Nasdaq were worth $51,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in NDAQ. Founders Capital Management bought a new stake in shares of Nasdaq in the fourth quarter worth $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. grew its holdings in shares of 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 acquiring an additional 225 shares in the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of Nasdaq in the third quarter valued at about $42,000. Finally, Y.D. More Investments Ltd raised its holdings in Nasdaq by 94.2% during the fourth quarter. Y.D. More Investments Ltd now owns 606 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 294 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

Nasdaq Trading Up 1.0 %

Shares of Nasdaq stock opened at $72.98 on Thursday. Nasdaq, Inc. has a 52-week low of $57.96 and a 52-week high of $84.15. The stock has a market cap of $41.97 billion, a PE ratio of 38.01, a PEG ratio of 2.12 and a beta of 0.96. The firm has a 50-day moving average of $79.50 and a 200-day moving average of $77.27. 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 announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, sell-side analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.32%. Nasdaq’s dividend payout ratio is presently 50.00%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Citigroup boosted their price target on Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Barclays cut their price target on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. William Blair initiated coverage on shares of Nasdaq in a report on Monday, November 25th. They issued an “outperform” rating on the stock. Raymond James lifted their price target on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Finally, StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $86.88.

Insider Activity

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the transaction, the executive vice president now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Profile

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.