abrdn plc Has $11.25 Million Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

abrdn plc lowered its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 14.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 145,553 shares of the financial services provider's stock after selling 23,719 shares during the period. abrdn plc's holdings in Nasdaq were worth $11,251,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Park Avenue Securities LLC lifted its holdings in Nasdaq by 22.0% in the 3rd quarter. Park Avenue Securities LLC now owns 6,273 shares of the financial services provider's stock valued at $458,000 after acquiring an additional 1,131 shares during the last quarter. Czech National Bank lifted its holdings in Nasdaq by 16.3% in the 3rd quarter. Czech National Bank now owns 84,298 shares of the financial services provider's stock valued at $6,155,000 after acquiring an additional 11,788 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in Nasdaq in the 3rd quarter valued at about $213,000. Wedmont Private Capital acquired a new stake in Nasdaq in the 3rd quarter valued at about $259,000. Finally, Quotient Wealth Partners LLC lifted its holdings in Nasdaq by 5.3% in the 3rd quarter. Quotient Wealth Partners LLC now owns 5,935 shares of the financial services provider's stock valued at $433,000 after acquiring an additional 298 shares during the last quarter. Institutional investors own 72.47% of the company's stock.

Nasdaq Stock Performance

Shares of NDAQ traded down $0.92 during mid-day trading on Tuesday, hitting $80.29. The company's stock had a trading volume of 2,497,939 shares, compared to its average volume of 2,840,581. Nasdaq, Inc. has a one year low of $54.90 and a one year high of $84.15. 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 firm has a market capitalization of $46.15 billion, a PE ratio of 41.82, a price-to-earnings-growth ratio of 2.15 and a beta of 0.99. The stock's 50-day moving average is $79.53 and its two-hundred day moving average is $75.75.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. As a group, sell-side analysts anticipate that Nasdaq, Inc. will post 3.17 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.20%. Nasdaq's dividend payout ratio (DPR) is currently 50.00%.

Insider Buying and Selling

In other Nasdaq news, EVP Jeremy Skule sold 12,075 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction of $950,906.25. Following the completion of the transaction, the executive vice president now directly owns 102,505 shares in the company, valued at $8,072,268.75. This represents a 10.54 % decrease in their ownership of the stock. 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 stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the transaction, the executive vice president now owns 55,576 shares of the company's stock, valued at $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NDAQ shares. 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 report on Thursday, January 9th. Barclays cut their price objective on Nasdaq from $96.00 to $95.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Citigroup boosted their price objective on Nasdaq from $78.00 to $84.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. William Blair started coverage on Nasdaq in a report on Monday, November 25th. They issued an "outperform" rating on the stock. Finally, StockNews.com upgraded Nasdaq from a "sell" rating to a "hold" rating in a report on Saturday, December 14th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $86.88.

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.