Nasdaq, Inc. (NASDAQ:NDAQ) Stock Holdings Increased by IHT Wealth Management LLC

IHT Wealth Management LLC lifted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 9.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,229 shares of the financial services provider’s stock after purchasing an additional 454 shares during the quarter. IHT Wealth Management LLC’s holdings in Nasdaq were worth $404,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Allworth Financial LP increased its stake in Nasdaq by 12.3% during the 4th quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider’s stock valued at $104,000 after buying an additional 141 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Nasdaq by 1.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock valued at $759,000 after acquiring an additional 148 shares during the period. Brooklyn Investment Group raised its holdings in Nasdaq by 8.5% during the fourth quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 148 shares in the last quarter. Crestwood Advisors Group LLC lifted its position in Nasdaq by 4.1% in the fourth quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 152 shares during the period. Finally, Gamco Investors INC. ET AL boosted its stake in Nasdaq by 4.2% during the 4th quarter. Gamco Investors INC. ET AL now owns 4,103 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 164 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Bryan Everard Smith sold 657 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $71.81, for a total value of $47,179.17. Following the transaction, the executive vice president now owns 61,980 shares in the company, valued at approximately $4,450,783.80. This represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Sarah Youngwood sold 14,959 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the sale, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at $4,398,253.92. This represents a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,116 shares of company stock valued at $1,434,818 in the last three months. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NDAQ shares. Piper Sandler upped their price objective on Nasdaq from $80.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. Barclays cut their price target on shares of Nasdaq from $86.00 to $84.00 and set an “overweight” rating for the company in a report on Friday. Bank of America raised their price objective on shares of Nasdaq from $103.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, April 2nd. Oppenheimer dropped their target price on shares of Nasdaq from $89.00 to $85.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Finally, Raymond James raised their target price on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Nasdaq presently has an average rating of “Moderate Buy” and a consensus target price of $85.18.

Nasdaq Price Performance

NASDAQ NDAQ opened at $75.36 on Friday. The company has a 50 day simple moving average of $75.07 and a 200-day simple moving average of $77.45. Nasdaq, Inc. has a 52-week low of $58.28 and a 52-week high of $84.15. The firm has a market capitalization of $43.34 billion, a price-to-earnings ratio of 39.25, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02. 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 issued its earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Equities research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.43%. This is an increase from Nasdaq’s previous quarterly dividend of $0.24. Nasdaq’s payout ratio is 50.00%.

Nasdaq Company 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.