Farther Finance Advisors LLC Has $927,000 Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Farther Finance Advisors LLC raised its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 8.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 11,993 shares of the financial services provider’s stock after purchasing an additional 898 shares during the quarter. Farther Finance Advisors LLC’s holdings in Nasdaq were worth $927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in NDAQ. Wellington Management Group LLP lifted its stake in Nasdaq by 163.3% in the third quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock valued at $2,835,235,000 after acquiring an additional 24,084,154 shares during the last quarter. Mizuho Securities USA LLC raised its position in shares of Nasdaq by 13,532.3% in the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock valued at $292,040,000 after purchasing an additional 3,970,658 shares during the period. State Street Corp lifted its stake in shares of Nasdaq by 11.2% during the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock worth $1,310,653,000 after buying an additional 1,811,616 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Nasdaq during the 4th quarter worth about $110,867,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Nasdaq during the 4th quarter worth about $105,481,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on NDAQ shares. Oppenheimer raised their target price on shares of Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. UBS Group raised their target price on shares of Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Barclays cut their target price on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. William Blair started coverage on shares of Nasdaq in a research note on Monday, November 25th. They set an “outperform” rating for the company. 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 research note on Thursday, January 9th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $86.88.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ opened at $73.26 on Friday. The firm has a 50 day moving average of $79.30 and a 200-day moving average of $77.25. The stock has a market capitalization of $42.14 billion, a PE ratio of 38.16, a PEG ratio of 2.12 and a beta of 0.96. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a 12 month low of $57.96 and a 12 month high of $84.15.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate 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 predict 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. Stockholders of record on Friday, March 14th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Friday, March 14th. Nasdaq’s payout ratio is presently 50.00%.

Insider Activity

In related news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction that occurred 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. The trade was a 5.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

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.