Blair William & Co. IL Purchases 255,259 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Blair William & Co. IL grew its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 92.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 532,581 shares of the financial services provider’s stock after purchasing an additional 255,259 shares during the quarter. Blair William & Co. IL owned approximately 0.09% of Nasdaq worth $41,174,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Rakuten Securities Inc. bought a new stake in Nasdaq in the fourth quarter worth $26,000. Founders Capital Management purchased a new position in shares of Nasdaq in the fourth quarter worth about $27,000. Kestra Investment Management LLC bought a new stake in shares of Nasdaq in the 4th quarter valued at about $33,000. Raleigh Capital Management Inc. boosted 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 acquiring an additional 225 shares during the period. Finally, TCTC Holdings LLC bought a new position in Nasdaq during the 4th quarter worth approximately $41,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NDAQ shares. Keefe, Bruyette & Woods boosted their price objective on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. UBS Group upped their price target on shares of Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Thursday. Raymond James upped their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Finally, Oppenheimer raised their target price on Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.88.

Insider Activity at Nasdaq

In other news, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction on Monday, March 17th. The stock was 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 of the company’s stock, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, 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 disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $76.36 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The company’s fifty day moving average price is $79.20 and its 200-day moving average price is $77.53. The stock has a market cap of $43.92 billion, a PE ratio of 39.77, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a 12 month low of $58.10 and a 12 month high of $84.15.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping the consensus estimate 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 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.26%. Nasdaq’s payout ratio is currently 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.