Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Commerce Bank

Commerce Bank cut its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 1.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 325,551 shares of the financial services provider's stock after selling 3,786 shares during the period. Commerce Bank owned about 0.06% of Nasdaq worth $25,168,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NDAQ. Rakuten Securities Inc. purchased a new position in Nasdaq in the 4th quarter valued at $26,000. Founders Capital Management acquired a new stake in shares of Nasdaq in the fourth quarter valued at about $27,000. Kestra Investment Management LLC purchased a new position in shares of Nasdaq in the fourth quarter worth about $33,000. Raleigh Capital Management Inc. boosted its position in Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider's stock worth $34,000 after acquiring an additional 225 shares during the last quarter. Finally, TCTC Holdings LLC purchased a new stake in Nasdaq during the 4th quarter valued at about $41,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Piper Sandler raised their target price on shares of Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Morgan Stanley downgraded Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price objective on the stock. in a research report on Tuesday, April 8th. Citigroup dropped their target price on Nasdaq from $84.00 to $75.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Raymond James lifted their price target on Nasdaq from $83.00 to $84.00 and gave the stock an "outperform" rating in a report on Thursday, January 9th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a "hold" rating to a "buy" rating and upped their price objective for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $85.88.

Insider Buying and Selling

In other news, EVP Sarah Youngwood sold 14,959 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the transaction, the executive vice president now directly owns 59,694 shares of the company's stock, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Bryan Everard Smith sold 3,500 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the sale, the executive vice president now directly owns 55,576 shares in the company, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,116 shares of company stock valued at $1,434,818 in the last three months. 0.70% of the stock is owned by corporate insiders.

Nasdaq Trading Up 0.9 %

NASDAQ NDAQ traded up $0.63 during trading on Thursday, hitting $74.13. The stock had a trading volume of 1,811,318 shares, compared to its average volume of 2,828,658. 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 company has a market capitalization of $42.64 billion, a PE ratio of 38.61, a PEG ratio of 2.12 and a beta of 1.02. The firm has a 50 day moving average price of $75.31 and a 200 day moving average price of $77.37. Nasdaq, Inc. has a twelve month low of $58.10 and a twelve month high of $84.15.

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 $0.74 by $0.05. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, equities research analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.27 dividend. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a yield of 1.46%. Nasdaq's dividend payout ratio (DPR) is 50.00%.

About Nasdaq

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.