Lord Abbett & CO. LLC Sells 13,543 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Lord Abbett & CO. LLC decreased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 1.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 809,616 shares of the financial services provider's stock after selling 13,543 shares during the quarter. Lord Abbett & CO. LLC owned approximately 0.14% of Nasdaq worth $62,591,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in NDAQ. Barclays PLC grew its stake in shares of Nasdaq by 48.9% during the 3rd quarter. Barclays PLC now owns 1,524,795 shares of the financial services provider's stock worth $111,325,000 after acquiring an additional 500,418 shares during the period. Virtu Financial LLC purchased a new stake in Nasdaq during the 3rd quarter worth about $209,000. Anchor Investment Management LLC lifted its holdings in Nasdaq by 109.9% during the 3rd quarter. Anchor Investment Management LLC now owns 3,148 shares of the financial services provider's stock worth $230,000 after purchasing an additional 1,648 shares in the last quarter. World Investment Advisors LLC purchased a new stake in Nasdaq during the 3rd quarter worth about $651,000. Finally, Sfmg LLC purchased a new stake in Nasdaq during the 3rd quarter worth about $207,000. Institutional investors own 72.47% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. StockNews.com raised Nasdaq from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Morgan Stanley cut Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price objective on the stock. in a report on Tuesday, April 8th. UBS Group reissued a "cautious" rating on shares of Nasdaq in a report on Monday. Bank of America increased their price objective on Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. Finally, Raymond James raised their price target on Nasdaq from $83.00 to $84.00 and gave the company an "outperform" rating in a report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Nasdaq has a consensus rating of "Moderate Buy" and an average target price of $85.18.

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 657 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 61,980 shares in the company, valued at $4,450,783.80. This trade represents a 1.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president now owns 59,694 shares in the company, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,116 shares of company stock worth $1,434,818 in the last ninety days. 0.70% of the stock is owned by insiders.

Nasdaq Price Performance

Shares of NASDAQ NDAQ traded down $0.26 during trading hours on Monday, reaching $75.10. 2,842,314 shares of the stock traded hands, compared to its average volume of 2,809,329. The company has a market capitalization of $43.12 billion, a P/E ratio of 39.11, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a 52-week low of $58.28 and a 52-week high of $84.15. The company's 50-day simple moving average is $74.92 and its two-hundred day simple moving average is $77.51.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. The company 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%. Nasdaq's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the firm posted $0.63 EPS. Equities research analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Increases Dividend

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

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.