Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. reduced its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 66.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,500 shares of the financial services provider's stock after selling 453,417 shares during the period. APG Asset Management N.V.'s holdings in Nasdaq were worth $16,985,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new stake in Nasdaq in the fourth quarter valued at $26,000. Founders Capital Management acquired a new stake in Nasdaq in the 4th quarter valued at about $27,000. Kestra Investment Management LLC acquired a new stake in Nasdaq in the 4th quarter valued at about $33,000. Raleigh Capital Management Inc. increased its holdings in Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 225 shares in the last quarter. Finally, TCTC Holdings LLC acquired a new position in Nasdaq during the fourth quarter worth about $41,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the sale, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the transaction, the executive vice president now owns 59,694 shares of the company's stock, valued at $4,398,253.92. This trade represents a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,116 shares of company stock worth $1,434,818. 0.70% of the stock is currently owned by company insiders.

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Nasdaq Trading Up 1.1 %

NDAQ traded up $0.77 during trading on Tuesday, hitting $73.55. 474,979 shares of the company's stock were exchanged, compared to its average volume of 2,827,258. Nasdaq, Inc. has a 1 year low of $58.10 and a 1 year high of $84.15. The stock has a 50 day moving average price of $76.60 and a 200 day moving average price of $77.46. The firm has a market cap of $42.30 billion, a P/E ratio of 38.31, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02. 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 (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping 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%. As a group, analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.24 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.31%. Nasdaq's dividend payout ratio (DPR) is currently 50.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. StockNews.com cut shares of Nasdaq from a "hold" rating to a "sell" rating in a research note on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft raised Nasdaq from a "hold" rating to a "buy" rating and raised their price target for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. Raymond James increased their price objective on Nasdaq from $83.00 to $84.00 and gave the company an "outperform" rating in a research note on Thursday, January 9th. Citigroup decreased their price target on shares of Nasdaq from $84.00 to $75.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Finally, Morgan Stanley lowered shares of Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price objective for the company. in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $85.56.

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.