Flagship Harbor Advisors LLC Buys 193 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Flagship Harbor Advisors LLC increased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 1.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,123 shares of the financial services provider’s stock after acquiring an additional 193 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Nasdaq were worth $1,401,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NDAQ. Founders Capital Management purchased a new position in Nasdaq during the 4th quarter worth $27,000. Catalyst Capital Advisors LLC bought a new position in shares of Nasdaq during the third quarter valued at about $27,000. Raleigh Capital Management Inc. boosted its holdings in Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 225 shares during the last quarter. Claro Advisors LLC bought a new stake in Nasdaq in the 3rd quarter worth about $33,000. Finally, Focused Wealth Management Inc bought a new stake in Nasdaq in the 3rd quarter worth about $35,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Nasdaq

In other news, insider Pc Nelson Griggs sold 5,742 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total value of $444,086.28. Following the transaction, the insider now owns 205,821 shares of the company’s stock, valued at $15,918,196.14. This represents a 2.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jeremy Skule sold 12,075 shares of Nasdaq stock in a transaction on Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction of $950,906.25. Following the sale, the executive vice president now directly owns 102,505 shares of the company’s stock, valued at $8,072,268.75. This represents a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,817 shares of company stock valued at $2,330,033. 0.70% of the stock is currently owned by company insiders.

Nasdaq Trading Up 0.1 %

NASDAQ:NDAQ opened at $81.15 on Monday. The company has a market cap of $46.64 billion, a P/E ratio of 48.59, a P/E/G ratio of 2.77 and a beta of 0.98. Nasdaq, Inc. has a 1 year low of $54.90 and a 1 year high of $83.77. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The stock’s fifty day moving average price is $79.41 and its two-hundred day moving average price is $74.19.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. Nasdaq’s revenue was up 21.9% compared to the same quarter last year. During the same period last year, the business earned $0.71 earnings per share. As a group, analysts expect that Nasdaq, Inc. will post 2.81 EPS for the current year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.24 per share. The ex-dividend date was Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.18%. Nasdaq’s dividend payout ratio (DPR) is currently 57.49%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NDAQ shares. Bank of America cut their target price on Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. William Blair assumed coverage on Nasdaq in a research report on Monday, November 25th. They issued an “outperform” rating on the stock. Argus upped their price objective on Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group lifted their target price on Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Saturday, December 14th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and an average target price of $85.73.

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.