Strategic Investment Advisors MI Makes New $284,000 Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

Strategic Investment Advisors MI acquired a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,668 shares of the financial services provider’s stock, valued at approximately $284,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Nasdaq during the 4th quarter valued at about $309,000. Olstein Capital Management L.P. lifted its holdings in shares of 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 purchasing an additional 21,000 shares in the last quarter. Flagship Harbor Advisors LLC boosted its position in shares of Nasdaq by 1.1% during the fourth quarter. Flagship Harbor Advisors LLC now owns 18,123 shares of the financial services provider’s stock valued at $1,401,000 after buying an additional 193 shares during the last quarter. CX Institutional bought a new stake in Nasdaq during the fourth quarter worth $219,000. Finally, Whalen Wealth Management Inc. purchased a new stake in Nasdaq in the 4th quarter valued at $474,000. 72.47% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, 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 completion of the sale, the executive vice president now owns 102,505 shares of the company’s stock, valued at approximately $8,072,268.75. This trade represents a 10.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Pc Nelson Griggs sold 5,742 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total value of $444,086.28. Following the completion of the transaction, the insider now owns 205,821 shares in the company, valued at $15,918,196.14. This represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,817 shares of company stock valued at $2,330,033. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Stock Up 0.4 %

Nasdaq stock opened at $81.46 on Tuesday. The firm has a market capitalization of $46.82 billion, a price-to-earnings ratio of 48.78, a P/E/G ratio of 2.77 and a beta of 0.98. The firm has a 50 day simple moving average of $79.45 and a 200 day simple moving average of $74.33. Nasdaq, Inc. has a 1-year low of $54.90 and a 1-year high of $83.77. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.18%. Nasdaq’s payout ratio is 57.49%.

Analyst Upgrades and Downgrades

NDAQ has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Argus upped their price objective on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Citigroup increased their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. TD Cowen cut their target price on Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. Finally, Oppenheimer increased their price target on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $85.73.

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.