Proficio Capital Partners LLC Makes New Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

Proficio Capital Partners LLC acquired a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 113,717 shares of the financial services provider’s stock, valued at approximately $8,791,000.

Other hedge funds also recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI lifted its position in Nasdaq by 3.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 137 shares during the last quarter. Allworth Financial LP lifted its position in Nasdaq by 12.3% in the 4th quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 141 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Nasdaq by 1.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock valued at $759,000 after purchasing an additional 148 shares during the last quarter. Brooklyn Investment Group lifted its position in Nasdaq by 8.5% in the 4th quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 148 shares during the last quarter. Finally, Crestwood Advisors Group LLC lifted its position in Nasdaq by 4.1% in the 4th quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 152 shares during the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the sale, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by company insiders.

Nasdaq Stock Performance

Nasdaq stock opened at $73.26 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a 1 year low of $57.96 and a 1 year high of $84.15. The company has a market cap of $42.14 billion, a PE ratio of 38.16, a PEG ratio of 2.12 and a beta of 0.96. The company’s 50-day moving average is $79.30 and its two-hundred day moving average is $77.29.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Equities analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.31%. Nasdaq’s payout ratio is 50.00%.

Analyst Ratings Changes

Several brokerages recently weighed in on NDAQ. Citigroup lifted their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their price target for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. UBS Group boosted their price target on shares of Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a research report on Thursday, January 30th. Finally, Oppenheimer boosted their price target on shares of Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $86.88.

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.