Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. trimmed its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,934,969 shares of the financial services provider's stock after selling 23,320 shares during the period. Nasdaq comprises 1.5% of Johnson Investment Counsel Inc.'s holdings, making the stock its 12th biggest holding. Johnson Investment Counsel Inc. owned about 0.34% of Nasdaq worth $149,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in NDAQ. Olstein Capital Management L.P. grew its position in shares of 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 buying an additional 21,000 shares in the last quarter. NINE MASTS CAPITAL Ltd purchased a new position in Nasdaq during the fourth quarter valued at approximately $274,000. Pacer Advisors Inc. lifted its holdings in Nasdaq by 75.7% during the fourth quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider's stock worth $4,170,000 after buying an additional 23,244 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted 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 valued at $3,454,000 after acquiring an additional 9,130 shares in the last quarter. Finally, USA Financial Formulas purchased a new position in shares of Nasdaq in the 4th quarter valued at $856,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several research firms have issued reports on NDAQ. Citigroup lifted their target price on Nasdaq from $78.00 to $84.00 and gave the company a "neutral" rating in a research note on Friday, January 10th. Oppenheimer boosted their price objective on shares of Nasdaq from $86.00 to $89.00 and gave the stock an "outperform" rating in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a "hold" rating to a "buy" rating and increased their target price for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. StockNews.com raised shares of Nasdaq from a "sell" rating to a "hold" rating in a report on Saturday, December 14th. Finally, Keefe, Bruyette & Woods increased their price objective on Nasdaq from $86.00 to $91.00 and gave the company an "outperform" rating in a report on Friday, December 20th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $86.88.

Insider Buying and Selling at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq 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 directly owns 55,576 shares in the company, valued at approximately $4,532,778.56. This trade 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 can be accessed through this hyperlink. Company insiders own 0.70% of the company's stock.

Nasdaq Stock Performance

NASDAQ NDAQ traded down $0.81 during trading hours on Thursday, reaching $72.17. The stock had a trading volume of 3,122,576 shares, compared to its average volume of 2,905,761. Nasdaq, Inc. has a 52-week low of $57.96 and a 52-week high of $84.15. The stock has a fifty day moving average of $79.50 and a 200 day moving average of $77.27. 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 stock has a market cap of $41.51 billion, a P/E ratio of 37.59, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96.

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

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, March 14th. Nasdaq's dividend payout ratio is currently 50.00%.

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.