EverSource Wealth Advisors LLC Acquires 1,562 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

EverSource Wealth Advisors LLC boosted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 72.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,706 shares of the financial services provider’s stock after acquiring an additional 1,562 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Nasdaq were worth $286,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC increased its position in shares of Nasdaq by 3.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 52,724 shares of the financial services provider’s stock valued at $4,076,000 after purchasing an additional 1,862 shares during the last quarter. Independent Advisor Alliance increased its position in Nasdaq by 31.6% during the fourth quarter. Independent Advisor Alliance now owns 4,488 shares of the financial services provider’s stock valued at $347,000 after acquiring an additional 1,078 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Nasdaq by 3.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 108,577 shares of the financial services provider’s stock valued at $8,394,000 after acquiring an additional 3,869 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Nasdaq by 45.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 355,300 shares of the financial services provider’s stock valued at $27,468,000 after acquiring an additional 111,581 shares during the period. Finally, OFI Invest Asset Management bought a new stake in shares of Nasdaq in the 4th quarter worth about $2,082,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Trading Up 1.5 %

Shares of NASDAQ:NDAQ opened at $73.26 on Friday. The company has a market capitalization of $42.14 billion, a PE ratio of 38.16, a P/E/G ratio of 2.12 and a beta of 0.96. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a 12-month low of $57.96 and a 12-month high of $84.15. The business’s fifty day simple moving average is $79.30 and its 200-day simple moving average is $77.29.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.31%. Nasdaq’s payout ratio is 50.00%.

Wall Street Analyst Weigh In

NDAQ has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 price objective on shares of Nasdaq in a research report on Thursday, January 30th. UBS Group raised 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. Oppenheimer upped their price objective on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Saturday, December 14th. Finally, JPMorgan Chase & Co. upped their price target on shares of Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Nasdaq has an average rating of “Moderate Buy” and an average price target of $86.88.

Insider Buying and Selling at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is owned by insiders.

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.