Mission Wealth Management LP Sells 4,270 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Mission Wealth Management LP cut its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 21.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,228 shares of the financial services provider’s stock after selling 4,270 shares during the quarter. Mission Wealth Management LP’s holdings in Nasdaq were worth $1,177,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Catalyst Capital Advisors LLC acquired a new position in Nasdaq during the 3rd quarter valued at $27,000. Founders Capital Management bought a new position in shares of Nasdaq during the 4th quarter worth about $27,000. Kestra Investment Management LLC acquired a new position in shares of Nasdaq during the fourth quarter valued at about $33,000. Raleigh Capital Management Inc. lifted its stake in shares of Nasdaq by 106.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after buying an additional 225 shares during the period. Finally, Focused Wealth Management Inc acquired a new stake in Nasdaq during the third quarter worth about $35,000. 72.47% of the stock is owned by institutional investors.

Nasdaq Trading Down 1.0 %

Shares of NDAQ opened at $81.97 on Tuesday. 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 company has a market cap of $47.14 billion, a price-to-earnings ratio of 42.69, a PEG ratio of 2.12 and a beta of 0.99. The stock has a fifty day moving average price of $79.92 and a two-hundred day moving average price of $77.07. Nasdaq, Inc. has a 52-week low of $56.30 and a 52-week high of $84.15.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business 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 dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.17%. Nasdaq’s payout ratio is 50.00%.

Insider Activity

In related news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the sale, the executive vice president now directly owns 55,576 shares in the company, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of several recent research reports. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, December 14th. Barclays reduced their target price on Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. William Blair started coverage on shares of Nasdaq in a report on Monday, November 25th. They issued an “outperform” rating on the stock. Citigroup raised their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Finally, Oppenheimer lifted their target price on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Nasdaq has a consensus rating of “Moderate Buy” and an average price target of $86.88.

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.