RWA Wealth Partners LLC Buys Shares of 20,249 Nasdaq, Inc. (NASDAQ:NDAQ)

RWA Wealth Partners LLC bought a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 20,249 shares of the financial services provider’s stock, valued at approximately $1,177,000.

A number of other institutional investors also recently made changes to their positions in the business. Counterpoint Mutual Funds LLC raised its position in shares of Nasdaq by 8.1% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 2,675 shares of the financial services provider’s stock valued at $130,000 after purchasing an additional 201 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of Nasdaq by 5.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,788 shares of the financial services provider’s stock valued at $233,000 after acquiring an additional 255 shares during the last quarter. State of Michigan Retirement System increased its holdings in shares of Nasdaq by 0.3% in the 4th quarter. State of Michigan Retirement System now owns 93,190 shares of the financial services provider’s stock valued at $5,418,000 after acquiring an additional 300 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Nasdaq by 0.3% in the 3rd quarter. Arizona State Retirement System now owns 93,723 shares of the financial services provider’s stock valued at $4,554,000 after acquiring an additional 306 shares during the last quarter. Finally, Avitas Wealth Management LLC increased its holdings in shares of Nasdaq by 1.7% in the 4th quarter. Avitas Wealth Management LLC now owns 19,094 shares of the financial services provider’s stock valued at $1,110,000 after acquiring an additional 315 shares during the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Price Performance

Shares of NDAQ opened at $61.50 on Thursday. The company has a market cap of $35.38 billion, a P/E ratio of 29.15, a PEG ratio of 2.80 and a beta of 0.93. The stock has a fifty day moving average price of $59.74 and a 200 day moving average price of $56.36. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.01 and a quick ratio of 1.01. Nasdaq, Inc. has a 12 month low of $46.88 and a 12 month high of $64.25.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the business posted $0.64 earnings per share. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. On average, research analysts forecast that Nasdaq, Inc. will post 2.75 earnings per share for the current year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.22 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.88 annualized dividend and a dividend yield of 1.43%. Nasdaq’s payout ratio is 41.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NDAQ shares. Edward Jones started coverage on Nasdaq in a report on Wednesday, April 3rd. They issued a “buy” rating for the company. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Barclays started coverage on Nasdaq in a report on Thursday, April 11th. They issued an “overweight” rating and a $76.00 price target for the company. Piper Sandler boosted their price target on Nasdaq from $70.00 to $71.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $82.00 price target on shares of Nasdaq in a report on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.09.

Insider Transactions at Nasdaq

In other news, EVP Bryan Everard Smith sold 7,400 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 61,672 shares of the company’s stock, valued at $3,879,785.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the company’s stock in a transaction on 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 owns 58,341,545 shares in the company, valued at $3,383,809,610. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Bryan Everard Smith sold 7,400 shares of the company’s stock in a transaction on Monday, April 1st. The shares were 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 owns 61,672 shares of the company’s stock, valued at approximately $3,879,785.52. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

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.