Empowered Funds LLC Has $1.09 Million Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Empowered Funds LLC grew its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 58.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,036 shares of the financial services provider’s stock after purchasing an additional 5,176 shares during the quarter. Empowered Funds LLC’s holdings in Nasdaq were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Founders Capital Management bought a new position in Nasdaq in the fourth quarter worth approximately $27,000. Catalyst Capital Advisors LLC acquired a new position in shares of Nasdaq during the third quarter worth approximately $27,000. Raleigh Capital Management Inc. raised its position in shares of Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 225 shares during the period. Claro Advisors LLC bought a new position in shares of Nasdaq in the 3rd quarter worth $33,000. Finally, Focused Wealth Management Inc acquired a new stake in Nasdaq in the 3rd quarter valued at $35,000. Institutional investors own 72.47% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on NDAQ shares. Keefe, Bruyette & Woods upped their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. William Blair assumed coverage on shares of Nasdaq in a report on Monday, November 25th. They issued an “outperform” rating on the stock. UBS Group lifted their price target on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Morgan Stanley increased their price objective on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, Raymond James raised their target price on Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.88.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $80.91 on Tuesday. Nasdaq, Inc. has a 52 week low of $54.90 and a 52 week high of $84.15. The firm’s 50-day simple moving average is $79.54 and its two-hundred day simple moving average is $76.11. The firm has a market cap of $46.50 billion, a price-to-earnings ratio of 42.14, a P/E/G ratio of 2.15 and a beta of 0.99. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. As a group, equities analysts forecast that Nasdaq, Inc. will post 3.17 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.19%. Nasdaq’s payout ratio is 50.00%.

Insider Buying and Selling

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the sale, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.70% of the stock is currently owned by insiders.

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.