Murphy & Mullick Capital Management Corp Makes New $43,000 Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

Murphy & Mullick Capital Management Corp purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the 4th quarter, Holdings Channel reports. The fund purchased 551 shares of the financial services provider’s stock, valued at approximately $43,000.

Other institutional investors have also recently modified their holdings of the company. Olstein Capital Management L.P. lifted its holdings in Nasdaq by 35.6% in the fourth quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider’s stock valued at $6,185,000 after acquiring an additional 21,000 shares during the period. NINE MASTS CAPITAL Ltd purchased a new position in shares of Nasdaq in the 4th quarter valued at about $274,000. Pacer Advisors Inc. lifted its stake in shares of Nasdaq by 75.7% in the fourth quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock valued at $4,170,000 after purchasing an additional 23,244 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Nasdaq by 26.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider’s stock worth $3,454,000 after buying an additional 9,130 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its position in Nasdaq by 892.3% during the fourth quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider’s stock worth $4,689,000 after buying an additional 54,535 shares during the period. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of a number of research reports. Citigroup lifted their price target on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a report on Thursday. Oppenheimer upped their target price on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Raymond James lifted their price target on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Finally, Barclays decreased their price objective on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and an average target price of $86.88.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the sale, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 59,694 shares in the company, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Nasdaq Stock Down 1.5 %

Shares of NASDAQ:NDAQ opened at $76.36 on Friday. Nasdaq, Inc. has a 12-month low of $58.10 and a 12-month high of $84.15. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The firm has a market cap of $43.92 billion, a PE ratio of 39.77, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. The company has a fifty day simple moving average of $79.20 and a 200 day simple moving average of $77.53.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. On average, equities research analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently announced 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. This represents a $0.96 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Friday, March 14th. Nasdaq’s dividend payout ratio is presently 50.00%.

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.