Dearborn Partners LLC reduced its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 406,516 shares of the financial services provider's stock after selling 3,967 shares during the quarter. Dearborn Partners LLC owned approximately 0.07% of Nasdaq worth $31,428,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Founders Capital Management bought a new position in shares of Nasdaq in the fourth quarter worth about $27,000. Kestra Investment Management LLC bought a new position in Nasdaq in the 4th quarter worth approximately $33,000. Raleigh Capital Management Inc. lifted its holdings in shares of Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider's stock worth $34,000 after buying an additional 225 shares during the last quarter. Peterson Financial Group Inc. bought a new stake in shares of Nasdaq in the third quarter valued at approximately $42,000. Finally, Y.D. More Investments Ltd grew its stake in shares of Nasdaq by 94.2% in the fourth quarter. Y.D. More Investments Ltd now owns 606 shares of the financial services provider's stock worth $47,000 after acquiring an additional 294 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company's stock.
Analyst Ratings Changes
NDAQ has been the subject of a number of research reports. Citigroup increased their price target on shares of Nasdaq from $78.00 to $84.00 and gave the company a "neutral" rating in a report on Friday, January 10th. StockNews.com raised Nasdaq from a "sell" rating to a "hold" rating in a research report on Saturday, December 14th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $95.00 price target on shares of Nasdaq in a report on Thursday, January 30th. Oppenheimer lifted their price objective on Nasdaq from $86.00 to $89.00 and gave the stock an "outperform" rating in a report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft raised Nasdaq from a "hold" rating to a "buy" rating and raised their target price for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Nasdaq has a consensus rating of "Moderate Buy" and a consensus target price of $86.88.
View Our Latest Analysis on Nasdaq
Insider Transactions at Nasdaq
In related news, EVP Bryan Everard Smith sold 3,500 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the transaction, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. The trade was a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.70% of the stock is owned by company insiders.
Nasdaq Price Performance
NASDAQ NDAQ traded down $0.81 during trading hours on Thursday, reaching $72.17. 3,122,576 shares of the company's stock were exchanged, compared to its average volume of 2,905,761. The firm has a fifty day moving average of $79.50 and a 200-day moving average of $77.27. Nasdaq, Inc. has a one year low of $57.96 and a one year high of $84.15. The stock has a market cap of $41.51 billion, a PE ratio of 37.59, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. 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 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 return on equity of 14.82% and a net margin of 15.10%. On average, equities research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.
Nasdaq Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq's dividend payout ratio is presently 50.00%.
Nasdaq Company Profile
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Free Report)
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.
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