Cibc World Markets Corp Decreases Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Cibc World Markets Corp lowered its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 18.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,055 shares of the financial services provider's stock after selling 15,211 shares during the period. Cibc World Markets Corp's holdings in Nasdaq were worth $5,107,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Olstein Capital Management L.P. boosted its holdings in shares of Nasdaq by 35.6% in the 4th quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider's stock worth $6,185,000 after buying an additional 21,000 shares during the last quarter. NINE MASTS CAPITAL Ltd purchased a new position in Nasdaq in the fourth quarter valued at about $274,000. Pacer Advisors Inc. boosted its stake in Nasdaq by 75.7% in the fourth quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider's stock valued at $4,170,000 after acquiring an additional 23,244 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Nasdaq by 26.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider's stock valued at $3,454,000 after acquiring an additional 9,130 shares during the period. Finally, USA Financial Formulas purchased a new stake in shares of Nasdaq during the 4th quarter worth approximately $856,000. Institutional investors own 72.47% of the company's stock.

Nasdaq Price Performance

NDAQ traded up $1.86 on Monday, reaching $77.41. The company had a trading volume of 2,074,888 shares, compared to its average volume of 2,631,303. Nasdaq, Inc. has a 52-week low of $58.10 and a 52-week high of $84.15. The company has a market cap of $44.52 billion, a price-to-earnings ratio of 40.32, a P/E/G ratio of 2.12 and a beta of 0.96. 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 business has a 50 day simple moving average of $79.17 and a 200 day simple moving average of $77.47.

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Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) 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, sell-side analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq's payout ratio is currently 50.00%.

Insider Activity

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 59,694 shares in the company, valued at $4,398,253.92. This trade represents a 20.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bryan Everard Smith sold 3,500 shares of the business'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 sale, the executive vice president now owns 55,576 shares of the company's stock, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on NDAQ shares. Barclays reduced their price objective on Nasdaq from $96.00 to $95.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Oppenheimer boosted their price objective on Nasdaq from $86.00 to $89.00 and gave the company an "outperform" rating in a research note on Monday, January 13th. William Blair initiated coverage on shares of Nasdaq in a research report on Monday, November 25th. They set an "outperform" rating for the company. UBS Group boosted their price target on shares of Nasdaq from $79.00 to $89.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Finally, StockNews.com downgraded shares of Nasdaq from a "hold" rating to a "sell" rating in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $86.88.

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.