Envestnet Portfolio Solutions Inc. Grows Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Envestnet Portfolio Solutions Inc. increased its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,931 shares of the financial services provider’s stock after acquiring an additional 703 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Nasdaq were worth $2,159,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NDAQ. Rakuten Securities Inc. purchased a new stake in Nasdaq during the 4th quarter valued at approximately $26,000. Founders Capital Management purchased a new stake in Nasdaq during the 4th quarter valued at approximately $27,000. Kestra Investment Management LLC purchased a new stake in Nasdaq during the 4th quarter valued at approximately $33,000. Raleigh Capital Management Inc. grew its holdings in Nasdaq by 106.6% during the 4th 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 in the last quarter. Finally, Y.D. More Investments Ltd grew its holdings in Nasdaq by 94.2% during the 4th quarter. Y.D. More Investments Ltd now owns 606 shares of the financial services provider’s stock valued at $47,000 after buying an additional 294 shares in the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NDAQ has been the subject of a number of research analyst reports. Citigroup increased their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Oppenheimer boosted their price target on shares of Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Barclays decreased 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 price target on shares of Nasdaq in a report on Thursday, January 30th. Finally, StockNews.com downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $86.88.

Insider Buying and Selling at Nasdaq

In other 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 completion of the sale, the executive vice president now owns 55,576 shares of the company’s stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Sarah Youngwood sold 14,959 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the sale, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at $4,398,253.92. This represents a 20.04 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

Nasdaq Trading Up 0.4 %

NASDAQ NDAQ opened at $76.91 on Friday. The company has a market capitalization of $44.23 billion, a PE ratio of 40.06, a P/E/G ratio of 2.12 and a beta of 0.96. The company has a fifty day moving average of $79.18 and a 200 day moving average of $77.38. Nasdaq, Inc. has a 1 year low of $58.10 and a 1 year high of $84.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last posted its 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 net margin of 15.10% and a return on equity of 14.82%. Research analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.25%. Nasdaq’s payout ratio 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.