Hoxton Planning & Management LLC Has $363,000 Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Hoxton Planning & Management LLC lessened its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,240 shares of the financial services provider’s stock after selling 417 shares during the period. Hoxton Planning & Management LLC’s holdings in Nasdaq were worth $363,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P acquired a new position in Nasdaq during the third quarter valued at approximately $26,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Nasdaq in the fourth quarter worth $29,000. Carmel Capital Partners LLC acquired a new stake in shares of Nasdaq in the third quarter worth $32,000. Harbour Investments Inc. grew its stake in shares of Nasdaq by 250.6% in the fourth quarter. Harbour Investments Inc. now owns 547 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 391 shares during the last quarter. Finally, Clear Street Markets LLC grew its stake in shares of Nasdaq by 93.9% in the first quarter. Clear Street Markets LLC now owns 665 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 322 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Oppenheimer raised their price objective on shares of Nasdaq from $65.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Morgan Stanley raised Nasdaq from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $59.00 to $80.00 in a research report on Tuesday, April 9th. Citigroup raised their target price on Nasdaq from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th. The Goldman Sachs Group raised Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 target price for the company in a research report on Tuesday, March 26th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $82.00 target price on shares of Nasdaq in a research report on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $67.09.

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 7,400 shares of Nasdaq stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the completion of the sale, the executive vice president now directly owns 61,672 shares in the company, valued at $3,879,785.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of Nasdaq stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the completion of the sale, the insider now directly owns 58,341,545 shares in the company, valued at $3,383,809,610. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Bryan Everard Smith sold 7,400 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the transaction, the executive vice president now owns 61,672 shares of the company’s stock, valued at $3,879,785.52. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ traded down $0.46 during midday trading on Monday, reaching $61.06. The company’s stock had a trading volume of 1,041,287 shares, compared to its average volume of 3,118,869. Nasdaq, Inc. has a fifty-two week low of $46.88 and a fifty-two week high of $64.25. The company has a market capitalization of $35.12 billion, a P/E ratio of 29.16, a P/E/G ratio of 2.80 and a beta of 0.93. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.01 and a quick ratio of 1.01. The business’s fifty day simple moving average is $59.08 and its 200-day simple moving average is $55.74.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company posted $0.64 earnings per share. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. As a group, equities research analysts expect that Nasdaq, Inc. will post 2.75 EPS for the current fiscal year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.88 dividend on an annualized basis and a yield of 1.44%. Nasdaq’s payout ratio is 41.71%.

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.