Foster Victor Wealth Advisors LLC Raises Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Foster Victor Wealth Advisors LLC boosted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 1.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 269,568 shares of the financial services provider’s stock after purchasing an additional 4,717 shares during the period. Nasdaq makes up approximately 1.6% of Foster Victor Wealth Advisors LLC’s portfolio, making the stock its 11th biggest holding. Foster Victor Wealth Advisors LLC’s holdings in Nasdaq were worth $21,250,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Olstein Capital Management L.P. raised its position in Nasdaq by 35.6% during 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 in the last quarter. USA Financial Formulas acquired a new position in shares of Nasdaq in the 4th quarter valued at $856,000. Nomura Asset Management Co. Ltd. grew its position in Nasdaq by 49.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 164,179 shares of the financial services provider’s stock valued at $11,987,000 after buying an additional 54,594 shares during the period. Cumberland Partners Ltd purchased a new position in Nasdaq in the third quarter valued at $10,400,000. Finally, Thompson Siegel & Walmsley LLC acquired a new position in shares of Nasdaq in the third quarter worth about $2,701,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Trading Down 0.3 %

Shares of Nasdaq stock opened at $81.19 on Wednesday. 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 50 day simple moving average is $79.47 and its 200-day simple moving average is $74.46. The stock has a market cap of $46.66 billion, a P/E ratio of 48.62, 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.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. Analysts predict that Nasdaq, Inc. will post 2.81 EPS for the current fiscal 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 given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.18%. Nasdaq’s payout ratio is 57.49%.

Analyst Upgrades and Downgrades

NDAQ has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a “hold” rating to a “buy” rating and lifted their price target for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. Barclays reduced their target price on Nasdaq from $97.00 to $96.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. The Goldman Sachs Group boosted their price target on shares of Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $85.73.

Insider Buying and Selling

In related news, EVP Jeremy Skule sold 12,075 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $78.75, for a total value of $950,906.25. Following the completion of the transaction, the executive vice president now directly owns 102,505 shares in the company, valued at approximately $8,072,268.75. This represents a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Pc Nelson Griggs sold 5,742 shares of Nasdaq 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 completion of the sale, the insider now owns 205,821 shares in the company, valued at $15,918,196.14. This represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,817 shares of company stock worth $2,330,033. 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.