Harbour Investments Inc. Raises Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Harbour Investments Inc. grew its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 6.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,572 shares of the financial services provider’s stock after acquiring an additional 223 shares during the period. Harbour Investments Inc.’s holdings in Nasdaq were worth $276,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Corient Private Wealth LLC raised its stake in shares of Nasdaq by 21.2% in the 4th quarter. Corient Private Wealth LLC now owns 337,591 shares of the financial services provider’s stock valued at $26,099,000 after acquiring an additional 58,969 shares during the period. CV Advisors LLC purchased a new position in shares of Nasdaq in the 4th quarter valued at $775,000. Envestnet Portfolio Solutions Inc. raised its stake in shares of Nasdaq by 2.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 27,931 shares of the financial services provider’s stock valued at $2,159,000 after acquiring an additional 703 shares during the period. Frank Rimerman Advisors LLC raised its stake in shares of Nasdaq by 3.9% in the 4th quarter. Frank Rimerman Advisors LLC now owns 9,074 shares of the financial services provider’s stock valued at $702,000 after acquiring an additional 342 shares during the period. Finally, Picton Mahoney Asset Management raised its stake in shares of Nasdaq by 5.2% in the 4th quarter. Picton Mahoney Asset Management now owns 176,656 shares of the financial services provider’s stock valued at $13,658,000 after acquiring an additional 8,750 shares during the period. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

NDAQ has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a “hold” rating to a “buy” rating and raised their price target for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. Keefe, Bruyette & Woods raised their price target on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Barclays lowered their price target on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Citigroup raised their price target on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Finally, Oppenheimer raised their price target on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $86.88.

Insider Activity at Nasdaq

In related news, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the sale, the executive vice president now directly owns 59,694 shares in the company, valued at $4,398,253.92. This trade represents a 20.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq 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 completion of the sale, the executive vice president now owns 55,576 shares in the company, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

Nasdaq Trading Down 1.8 %

Nasdaq stock opened at $75.55 on Friday. The firm’s 50-day moving average is $79.17 and its 200-day moving average is $77.40. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. Nasdaq, Inc. has a 1 year low of $58.10 and a 1 year high of $84.15. The company has a market cap of $43.45 billion, a P/E ratio of 39.35, a PEG ratio of 2.12 and a beta of 0.96.

Nasdaq (NASDAQ:NDAQ) last posted 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%. On average, equities analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.27%. Nasdaq’s dividend payout ratio is presently 50.00%.

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.