Investors Research Corp Trims Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Investors Research Corp trimmed its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 54.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,300 shares of the financial services provider's stock after selling 3,900 shares during the period. Investors Research Corp's holdings in Nasdaq were worth $255,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NDAQ. Wellington Management Group LLP grew its position in shares of Nasdaq by 163.3% during the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider's stock valued at $2,835,235,000 after acquiring an additional 24,084,154 shares during the period. State Street Corp lifted its stake in Nasdaq by 11.2% in the third quarter. State Street Corp now owns 17,951,698 shares of the financial services provider's stock valued at $1,310,653,000 after purchasing an additional 1,811,616 shares during the last quarter. Geode Capital Management LLC grew its holdings in Nasdaq by 9.5% during the third quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider's stock valued at $783,181,000 after purchasing an additional 932,665 shares during the period. Harris Associates L P increased its position in Nasdaq by 14.6% in the third quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider's stock worth $627,596,000 after buying an additional 1,096,090 shares during the last quarter. Finally, Mizuho Securities USA LLC raised its stake in shares of Nasdaq by 13,532.3% in the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider's stock valued at $292,040,000 after buying an additional 3,970,658 shares during the period. 72.47% of the stock is owned by hedge funds and other institutional investors.

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Nasdaq Trading Down 1.1 %

Nasdaq stock traded down $0.81 during trading hours on Thursday, reaching $72.17. The company had a trading volume of 3,122,576 shares, compared to its average volume of 2,905,761. 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 12-month low of $57.96 and a 12-month high of $84.15. The company has a 50-day moving average price of $79.50 and a 200 day moving average price of $77.27. The firm has a market cap of $41.51 billion, a price-to-earnings ratio of 37.59, a P/E/G ratio of 2.12 and a beta of 0.96.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Equities analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.33%. Nasdaq's dividend payout ratio is currently 50.00%.

Analyst Ratings Changes

NDAQ has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft raised Nasdaq from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. Keefe, Bruyette & Woods increased their price objective on Nasdaq from $86.00 to $91.00 and gave the stock an "outperform" rating in a research report on Friday, December 20th. JPMorgan Chase & Co. upped their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. StockNews.com upgraded shares of Nasdaq from a "sell" rating to a "hold" rating in a research report on Saturday, December 14th. Finally, Oppenheimer increased their target price on Nasdaq from $86.00 to $89.00 and gave the company an "outperform" rating in a research note on Monday, January 13th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Nasdaq presently has a consensus rating of "Moderate Buy" and an average price target of $86.88.

Insider Buying and Selling

In related news, 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 $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is owned by insiders.

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.