Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE raised its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,464 shares of the financial services provider’s stock after purchasing an additional 270 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Nasdaq were worth $577,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Nasdaq by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 52,576,413 shares of the financial services provider’s stock valued at $4,064,682,000 after buying an additional 376,893 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Nasdaq by 163.3% during the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock valued at $2,835,235,000 after purchasing an additional 24,084,154 shares in the last quarter. State Street Corp grew its stake in shares of Nasdaq by 11.2% in the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock worth $1,310,653,000 after purchasing an additional 1,811,616 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Nasdaq by 9.5% in the 3rd quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider’s stock worth $783,181,000 after purchasing an additional 932,665 shares in the last quarter. Finally, Harris Associates L P lifted its stake in Nasdaq by 14.6% during the third quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock valued at $627,596,000 after purchasing an additional 1,096,090 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Stock Performance

Shares of NDAQ opened at $74.91 on Friday. The firm has a market cap of $43.08 billion, a price-to-earnings ratio of 39.02, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. The company’s fifty day moving average is $79.12 and its 200-day moving average is $77.55. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a 12 month low of $58.10 and a 12 month high of $84.15.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data 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%. Equities analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, March 14th. Nasdaq’s dividend payout ratio is 50.00%.

Insider Activity at Nasdaq

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

Wall Street Analyst Weigh In

NDAQ has been the topic of several recent research reports. Keefe, Bruyette & Woods lifted their price target on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. upped their target price on Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a research note on Thursday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Nasdaq in a research note on Thursday, January 30th. Finally, UBS Group lifted their target price on shares of Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

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.