SageView Advisory Group LLC Invests $259,000 in Nasdaq, Inc. (NASDAQ:NDAQ)

SageView Advisory Group LLC acquired a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,434 shares of the financial services provider’s stock, valued at approximately $259,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Nasdaq in the fourth quarter worth about $29,000. Allworth Financial LP lifted its position in shares of Nasdaq by 74.9% during the 4th quarter. Allworth Financial LP now owns 815 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 349 shares during the last quarter. Lindbrook Capital LLC lifted its position in shares of Nasdaq by 158.5% during the 4th quarter. Lindbrook Capital LLC now owns 902 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 553 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Nasdaq during the 3rd quarter worth about $65,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Nasdaq by 313.7% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,328 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 1,007 shares during the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 3,036 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.89, for a total transaction of $181,826.04. Following the sale, the executive vice president now directly owns 58,636 shares in the company, valued at approximately $3,511,710.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is owned by corporate insiders.

Nasdaq Stock Up 0.4 %

NASDAQ NDAQ opened at $59.23 on Friday. The firm has a market cap of $34.07 billion, a PE ratio of 31.17, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94. Nasdaq, Inc. has a one year low of $46.88 and a one year high of $64.25. The stock’s 50 day simple moving average is $60.33 and its 200 day simple moving average is $58.75. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.99 and a quick ratio of 0.99.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. Nasdaq had a return on equity of 17.00% and a net margin of 15.98%. The firm’s revenue was up 22.2% on a year-over-year basis. During the same quarter last year, the company earned $0.69 earnings per share. As a group, sell-side analysts forecast that Nasdaq, Inc. will post 2.68 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, June 14th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a yield of 1.62%. Nasdaq’s dividend payout ratio is 50.53%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NDAQ. Keefe, Bruyette & Woods lowered their price target on Nasdaq from $75.00 to $74.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Rosenblatt Securities lowered Nasdaq from a “buy” rating to a “neutral” rating and lowered their price target for the company from $76.00 to $64.00 in a research note on Wednesday, May 8th. StockNews.com lowered Nasdaq from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Morgan Stanley upgraded Nasdaq from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $59.00 to $80.00 in a research note on Tuesday, April 9th. Finally, Argus boosted their price target on Nasdaq from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $67.00.

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.