Avitas Wealth Management LLC Has $1.42 Million Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Avitas Wealth Management LLC trimmed its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,348 shares of the financial services provider’s stock after selling 151 shares during the period. Avitas Wealth Management LLC’s holdings in Nasdaq were worth $1,418,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NDAQ. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Nasdaq in the second quarter valued at approximately $291,000. Park Avenue Securities LLC grew its position in Nasdaq by 22.0% in the third quarter. Park Avenue Securities LLC now owns 6,273 shares of the financial services provider’s stock valued at $458,000 after acquiring an additional 1,131 shares during the last quarter. Czech National Bank increased its position in Nasdaq by 16.3% during the 3rd quarter. Czech National Bank now owns 84,298 shares of the financial services provider’s stock worth $6,155,000 after purchasing an additional 11,788 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Nasdaq by 12.8% during the 3rd quarter. GAMMA Investing LLC now owns 13,197 shares of the financial services provider’s stock valued at $964,000 after acquiring an additional 1,499 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC acquired a new stake in shares of Nasdaq during the third quarter valued at about $213,000. 72.47% of the stock is owned by institutional investors.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $81.72 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The stock has a 50-day simple moving average of $79.54 and a two-hundred day simple moving average of $75.13. The firm has a market capitalization of $46.97 billion, a PE ratio of 42.56, a P/E/G ratio of 2.12 and a beta of 0.99. Nasdaq, Inc. has a 52-week low of $54.90 and a 52-week high of $83.77.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share 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%. Analysts forecast that Nasdaq, Inc. will post 3.17 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued 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 1.17%. Nasdaq’s dividend payout ratio is presently 50.00%.

Analyst Upgrades and Downgrades

NDAQ has been the subject of a number of recent analyst reports. Piper Sandler increased their target price on shares of Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Citigroup raised their price objective on Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Oppenheimer lifted their price target on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and upped their target price for the stock from $80.00 to $98.00 in a research note on Wednesday, January 8th. Finally, Morgan Stanley lifted their price target on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.88.

Insider Activity

In other news, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction on 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 owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jeremy Skule sold 12,075 shares of the firm’s stock in a transaction 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 disclosure for this sale can be found here. Company 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.