Atria Investments Inc Acquires 13,942 Shares of Nasdaq, Inc. $NDAQ

Atria Investments Inc lifted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 29.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,823 shares of the financial services provider’s stock after acquiring an additional 13,942 shares during the period. Atria Investments Inc’s holdings in Nasdaq were worth $6,005,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Stonebridge Financial Group LLC MO bought a new position in shares of Nasdaq in the 4th quarter worth about $240,000. Independent Advisor Alliance raised its position in shares of Nasdaq by 2.6% in the 4th quarter. Independent Advisor Alliance now owns 4,574 shares of the financial services provider’s stock worth $444,000 after acquiring an additional 117 shares in the last quarter. Legacy Financial Advisors Inc. raised its position in shares of Nasdaq by 6.6% in the 4th quarter. Legacy Financial Advisors Inc. now owns 9,776 shares of the financial services provider’s stock worth $950,000 after acquiring an additional 603 shares in the last quarter. World Investment Advisors raised its position in shares of Nasdaq by 3.9% in the 4th quarter. World Investment Advisors now owns 30,638 shares of the financial services provider’s stock worth $2,976,000 after acquiring an additional 1,144 shares in the last quarter. Finally, First National Advisers LLC raised its position in shares of Nasdaq by 1.6% in the 4th quarter. First National Advisers LLC now owns 10,501 shares of the financial services provider’s stock worth $1,020,000 after acquiring an additional 170 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NDAQ. Weiss Ratings reissued a “buy (b)” rating on shares of Nasdaq in a research report on Wednesday, April 22nd. Keefe, Bruyette & Woods boosted their target price on Nasdaq from $92.00 to $97.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Argus raised Nasdaq to a “strong-buy” rating in a research report on Wednesday, February 11th. JPMorgan Chase & Co. boosted their target price on Nasdaq from $100.00 to $101.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $109.00 target price on shares of Nasdaq in a research report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.15.

Nasdaq Stock Performance

Shares of Nasdaq stock opened at $91.06 on Friday. Nasdaq, Inc. has a one year low of $77.09 and a one year high of $101.79. The firm has a market capitalization of $51.50 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 1.85 and a beta of 0.98. The business has a 50-day simple moving average of $87.26 and a 200 day simple moving average of $89.70. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, April 23rd. The financial services provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the company posted $0.79 EPS. The firm’s revenue was up 13.7% compared to the same quarter last year. On average, research analysts anticipate that Nasdaq, Inc. will post 3.86 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be paid a dividend of $0.31 per share. This is an increase from Nasdaq’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, June 12th. This represents a $1.24 dividend on an annualized basis and a yield of 1.4%. Nasdaq’s dividend payout ratio (DPR) is presently 32.53%.

Insider Buying and Selling

In other Nasdaq news, insider Cohen Tal sold 15,518 shares of Nasdaq stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $90.75, for a total transaction of $1,408,258.50. Following the completion of the transaction, the insider owned 215,208 shares in the company, valued at approximately $19,530,126. The trade was a 6.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michelle Lynn Daly sold 1,323 shares of Nasdaq stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $88.82, for a total value of $117,508.86. Following the transaction, the senior vice president owned 10,089 shares of the company’s stock, valued at $896,104.98. This trade represents a 11.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 231,002 shares of company stock worth $20,295,941 over the last 90 days. Company insiders own 0.60% of the company’s stock.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.