Guggenheim Capital LLC Decreases Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Guggenheim Capital LLC lowered its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 23.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,977 shares of the financial services provider's stock after selling 3,674 shares during the quarter. Guggenheim Capital LLC's holdings in Nasdaq were worth $926,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NDAQ. Rakuten Securities Inc. bought a new position in Nasdaq in the fourth quarter valued at $26,000. Founders Capital Management bought a new position in shares of Nasdaq during the 4th quarter valued at about $27,000. Kestra Investment Management LLC purchased a new position in shares of Nasdaq during the 4th quarter valued at about $33,000. Raleigh Capital Management Inc. lifted its position in Nasdaq by 106.6% in the 4th 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. Finally, TCTC Holdings LLC purchased a new stake in Nasdaq in the fourth quarter worth approximately $41,000. Institutional investors own 72.47% of the company's stock.

Nasdaq Stock Down 0.6 %

NASDAQ NDAQ traded down $0.46 during trading hours on Monday, reaching $74.90. 925,827 shares of the company's stock traded hands, compared to its average volume of 3,080,916. The firm has a market cap of $43.00 billion, a PE ratio of 39.00, a PEG ratio of 2.12 and a beta of 1.02. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. Nasdaq, Inc. has a 52-week low of $58.28 and a 52-week high of $84.15. The firm has a 50-day simple moving average of $75.07 and a 200 day simple moving average of $77.49.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. The firm had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.22 billion. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. The business's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 EPS. Sell-side analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, June 13th. This is an increase from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 1.44%. Nasdaq's dividend payout ratio (DPR) is presently 49.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NDAQ shares. Royal Bank of Canada restated an "outperform" rating and issued a $95.00 price objective on shares of Nasdaq in a report on Thursday, April 10th. Raymond James upped their price target 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. Bank of America boosted their target price on Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. StockNews.com upgraded Nasdaq from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of 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 report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $85.18.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 657 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the sale, the executive vice president now directly owns 61,980 shares in the company, valued at approximately $4,450,783.80. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $73.68, for a total value 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 represents a 20.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,116 shares of company stock valued at $1,434,818 in the last quarter. 0.70% of the stock is owned by insiders.

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.