First National Advisers LLC Has $716,000 Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

First National Advisers LLC lifted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 15.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,257 shares of the financial services provider’s stock after purchasing an additional 1,264 shares during the quarter. First National Advisers LLC’s holdings in Nasdaq were worth $716,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Rakuten Securities Inc. acquired a new position in shares of Nasdaq during the 4th quarter worth $26,000. Founders Capital Management acquired a new position in Nasdaq in the 4th quarter valued at $27,000. Kestra Investment Management LLC acquired a new position in Nasdaq in the 4th quarter valued at $33,000. Raleigh Capital Management Inc. grew 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 buying an additional 225 shares during the last quarter. Finally, Peterson Financial Group Inc. acquired a new position in Nasdaq in the 3rd quarter valued at $42,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Price Performance

NASDAQ:NDAQ opened at $73.26 on Monday. The company has a 50-day moving average of $79.30 and a 200-day moving average of $77.34. The company has a market capitalization of $42.14 billion, a price-to-earnings ratio of 38.16, a PEG ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a 52 week low of $57.96 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.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly 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 net margin of 15.10% and a return on equity of 14.82%. As a group, equities research analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. William Blair assumed coverage on shares of Nasdaq in a research note on Monday, November 25th. They issued an “outperform” rating on the stock. Raymond James raised their target price on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. JPMorgan Chase & Co. raised their target price on shares of Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and raised their target price for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. Finally, StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $86.88.

Insider Activity at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction dated 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 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by insiders.

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.