Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by Everhart Financial Group Inc.

Everhart Financial Group Inc. boosted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,273 shares of the financial services provider’s stock after buying an additional 234 shares during the period. Everhart Financial Group Inc.’s holdings in Nasdaq were worth $485,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Founders Capital Management acquired a new position in Nasdaq during the fourth quarter worth $27,000. Catalyst Capital Advisors LLC acquired a new position in Nasdaq during the third quarter worth $27,000. Raleigh Capital Management Inc. boosted its stake in 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 buying an additional 225 shares during the last quarter. Claro Advisors LLC acquired a new position in shares of Nasdaq in the 3rd quarter valued at $33,000. Finally, Focused Wealth Management Inc acquired a new position in shares of Nasdaq in the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Activity

In other news, EVP Bryan Everard Smith sold 3,500 shares of the 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 transaction, the executive vice president now owns 55,576 shares in the company, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on NDAQ. TD Cowen decreased their price target on Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and upped their price target for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. Oppenheimer upped their price target on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. upped their price target on Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Finally, StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. Five 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $86.88.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $80.91 on Monday. The stock’s 50-day moving average is $79.51 and its two-hundred day moving average is $76.01. 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, Inc. has a 1-year low of $54.90 and a 1-year high of $84.15. The company has a market cap of $46.50 billion, a price-to-earnings ratio of 42.14, a price-to-earnings-growth ratio of 2.15 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping 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%. Analysts forecast that Nasdaq, Inc. will post 3.17 EPS for the current fiscal year.

Nasdaq Announces Dividend

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

Nasdaq Company 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.