Aviva PLC Decreases Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Aviva PLC decreased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 507,909 shares of the financial services provider's stock after selling 9,552 shares during the quarter. Aviva PLC owned approximately 0.09% of Nasdaq worth $39,266,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Nasdaq during the 4th quarter valued at about $424,285,000. Union Bancaire Privee UBP SA bought a new stake in shares of Nasdaq during the 4th quarter worth approximately $110,867,000. Raymond James Financial Inc. purchased a new position in Nasdaq during the 4th quarter valued at $105,481,000. Franklin Resources Inc. grew its position in Nasdaq by 13.4% in the 4th quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider's stock valued at $802,401,000 after acquiring an additional 1,225,672 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Nasdaq by 9.5% in the third quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider's stock worth $783,181,000 after purchasing an additional 932,665 shares during the period. Institutional investors own 72.47% of the company's stock.

Nasdaq Price Performance

Shares of NASDAQ NDAQ traded up $0.42 during mid-day trading on Friday, reaching $70.72. The company's stock had a trading volume of 1,043,165 shares, compared to its average volume of 2,833,758. The stock has a 50-day moving average of $77.01 and a two-hundred day moving average of $77.43. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The stock has a market capitalization of $40.67 billion, a P/E ratio of 36.72, a P/E/G ratio of 2.12 and a beta of 1.02. Nasdaq, Inc. has a 1-year low of $58.10 and a 1-year high of $84.15.

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Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS 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%. On average, equities research analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, March 14th. Nasdaq's dividend payout ratio is currently 50.00%.

Analyst Ratings Changes

NDAQ has been the topic of a number of research analyst reports. Citigroup dropped their target price on shares of Nasdaq from $84.00 to $75.00 and set a "neutral" rating on the stock in a research note on Tuesday. Royal Bank of Canada reissued an "outperform" rating and set a $95.00 price target on shares of Nasdaq in a research report on Thursday. Bank of America raised their price target on shares of Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. Oppenheimer upped their price objective on shares of Nasdaq from $86.00 to $89.00 and gave the company an "outperform" rating in a report on Monday, January 13th. Finally, Piper Sandler lifted their price objective on shares of Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $85.88.

Insider Buying and Selling

In related news, EVP Sarah Youngwood sold 14,959 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the sale, the executive vice president now directly owns 59,694 shares in the company, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bryan Everard Smith sold 3,500 shares of the company's 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 transaction, the executive vice president now owns 55,576 shares in the company, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,116 shares of company stock worth $1,434,818. Insiders own 0.70% of the company's stock.

About Nasdaq

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.