3,288 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Bought by Allegheny Financial Group

Allegheny Financial Group purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,288 shares of the financial services provider’s stock, valued at approximately $254,000.

Other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. purchased a new stake in Nasdaq during the fourth quarter worth approximately $26,000. Founders Capital Management purchased a new stake in shares of Nasdaq during the 4th quarter worth approximately $27,000. Kestra Investment Management LLC acquired a new position in shares of Nasdaq in the 4th quarter valued at $33,000. Raleigh Capital Management Inc. boosted 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 buying an additional 225 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Nasdaq in the 4th quarter valued at $37,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a “hold” rating to a “buy” rating and lifted their target price for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. Morgan Stanley cut Nasdaq from an “overweight” rating to an “equal weight” rating and set a $74.00 price target for the company. in a research note on Tuesday, April 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a report on Thursday, April 10th. Finally, Citigroup dropped their price objective on shares of Nasdaq from $84.00 to $75.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.18.

Insider Transactions at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the company’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 sale, the executive vice president now directly owns 55,576 shares in the company, valued at $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the sale, the executive vice president now owns 59,694 shares of the company’s stock, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,116 shares of company stock valued at $1,434,818 in the last ninety days. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $78.18 on Friday. The business has a 50 day moving average price of $74.59 and a 200 day moving average price of $77.55. The company has a market capitalization of $44.88 billion, a P/E ratio of 40.72, a PEG ratio of 2.12 and a beta of 1.00. Nasdaq, Inc. has a 1-year low of $58.28 and a 1-year high of $84.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the business posted $0.63 earnings per share. Sell-side analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, June 13th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 1.38%. Nasdaq’s dividend payout ratio is currently 49.09%.

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.