RWA Wealth Partners LLC Makes New $1.18 Million Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

RWA Wealth Partners LLC purchased a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,249 shares of the financial services provider’s stock, valued at approximately $1,177,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of NDAQ. CWM LLC increased its stake in Nasdaq by 6.5% during the third quarter. CWM LLC now owns 11,683 shares of the financial services provider’s stock worth $568,000 after purchasing an additional 714 shares during the period. HB Wealth Management LLC purchased a new stake in Nasdaq during the third quarter worth about $232,000. Counterpoint Mutual Funds LLC increased its stake in Nasdaq by 8.1% during the third quarter. Counterpoint Mutual Funds LLC now owns 2,675 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 201 shares during the period. Czech National Bank increased its stake in Nasdaq by 47.8% during the third quarter. Czech National Bank now owns 59,251 shares of the financial services provider’s stock worth $2,879,000 after purchasing an additional 19,165 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in Nasdaq by 9.9% during the third quarter. Asset Management One Co. Ltd. now owns 153,984 shares of the financial services provider’s stock worth $7,482,000 after purchasing an additional 13,899 shares during the period. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 7,400 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 61,672 shares in the company, valued at $3,879,785.52. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Bryan Everard Smith sold 7,400 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.91, for a total transaction of $465,534.00. Following the completion of the sale, the executive vice president now owns 61,672 shares in the company, valued at $3,879,785.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 58,341,545 shares of the company’s stock, valued at approximately $3,383,809,610. The disclosure for this sale can be found here. 0.75% of the stock is owned by company insiders.

Nasdaq Stock Performance

Shares of NDAQ opened at $61.50 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.94. Nasdaq, Inc. has a 52-week low of $46.88 and a 52-week high of $64.25. The stock has a 50 day moving average price of $59.74 and a 200 day moving average price of $56.36. The company has a market capitalization of $35.38 billion, a price-to-earnings ratio of 29.15, a price-to-earnings-growth ratio of 2.80 and a beta of 0.93.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data 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 analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the business earned $0.64 earnings per share. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. Research analysts predict 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. Shareholders of record on Thursday, March 14th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Wednesday, March 13th. Nasdaq’s dividend payout ratio is currently 41.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NDAQ shares. Oppenheimer boosted their price objective on Nasdaq from $65.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Citigroup boosted their price objective on Nasdaq from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. The Goldman Sachs Group raised Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price objective for the company in a research report on Tuesday, March 26th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $82.00 price objective on shares of Nasdaq in a research report on Thursday, February 1st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Nasdaq has an average rating of “Moderate Buy” and a consensus price target of $67.09.

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.