Horizon Kinetics Asset Management LLC Raises Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Horizon Kinetics Asset Management LLC raised its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,246 shares of the financial services provider’s stock after buying an additional 328 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Nasdaq were worth $7,982,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Olstein Capital Management L.P. lifted its position in shares of Nasdaq by 35.6% during the 4th quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider’s stock worth $6,185,000 after purchasing an additional 21,000 shares during the last quarter. NINE MASTS CAPITAL Ltd purchased a new stake in shares of Nasdaq during the 4th quarter worth $274,000. Pacer Advisors Inc. lifted its position in shares of Nasdaq by 75.7% during the 4th quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock worth $4,170,000 after purchasing an additional 23,244 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Nasdaq by 26.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider’s stock worth $3,454,000 after purchasing an additional 9,130 shares during the last quarter. Finally, USA Financial Formulas purchased a new stake in shares of Nasdaq during the 4th quarter worth $856,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NDAQ shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Nasdaq in a research report on Thursday, January 30th. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. Barclays cut their price target on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. UBS Group lifted their price target 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. Finally, William Blair initiated coverage on shares of Nasdaq in a research note on Monday, November 25th. They set an “outperform” rating on the stock. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

Insider Transactions at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.70% of the company’s stock.

Nasdaq Trading Up 1.5 %

NASDAQ NDAQ opened at $73.26 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The firm has a market cap of $42.14 billion, a PE ratio of 38.16, a P/E/G ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a one year low of $57.96 and a one year high of $84.15. The firm’s fifty day moving average is $79.30 and its two-hundred day moving average is $77.34.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping 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%. Analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.31%. Nasdaq’s dividend payout ratio (DPR) is 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.