Diamond Hill Capital Management Inc. Has $318.80 Million Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Diamond Hill Capital Management Inc. lessened its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,123,604 shares of the financial services provider's stock after selling 580,280 shares during the quarter. Nasdaq accounts for about 1.4% of Diamond Hill Capital Management Inc.'s investment portfolio, making the stock its 29th largest holding. Diamond Hill Capital Management Inc. owned approximately 0.72% of Nasdaq worth $318,796,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Olstein Capital Management L.P. increased its position in Nasdaq by 35.6% during 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 purchasing an additional 21,000 shares in the last quarter. NINE MASTS CAPITAL Ltd acquired a new stake in Nasdaq during the 4th quarter worth approximately $274,000. Pacer Advisors Inc. increased its position in Nasdaq by 75.7% during the 4th quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider's stock worth $4,170,000 after purchasing an additional 23,244 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in 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 worth $3,454,000 after purchasing an additional 9,130 shares in the last quarter. Finally, USA Financial Formulas acquired a new stake in Nasdaq during the 4th quarter worth approximately $856,000. Institutional investors and hedge funds own 72.47% of the company's stock.

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Nasdaq Stock Performance

NDAQ stock traded up $0.75 during mid-day trading on Tuesday, reaching $75.30. The company had a trading volume of 2,633,301 shares, compared to its average volume of 2,773,221. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $43.31 billion, a P/E ratio of 39.22, a P/E/G ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a one year low of $58.10 and a one year high of $84.15. The stock's 50-day simple moving average is $79.25 and its two-hundred day simple moving average is $77.36.

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

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Friday, March 14th. Nasdaq's dividend payout ratio (DPR) is 50.00%.

Insider Activity

In related news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the transaction, the executive vice president now directly owns 55,576 shares of the company's stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.70% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on NDAQ. JPMorgan Chase & Co. increased their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. StockNews.com raised shares of Nasdaq from a "sell" rating to a "hold" rating in a research report on Saturday, December 14th. William Blair began coverage on shares of Nasdaq in a research report on Monday, November 25th. They issued an "outperform" rating for the company. Raymond James increased their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the company an "outperform" rating in a research report on Thursday, January 9th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a "hold" rating to a "buy" rating and increased their price objective for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average 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.