Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Barclays PLC

Barclays PLC reduced its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 35.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 984,443 shares of the financial services provider's stock after selling 540,352 shares during the quarter. Barclays PLC owned about 0.17% of Nasdaq worth $76,108,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Allworth Financial LP boosted its stake in shares of Nasdaq by 12.3% during the 4th quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider's stock worth $104,000 after acquiring an additional 141 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Nasdaq by 1.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider's stock valued at $759,000 after purchasing an additional 148 shares during the last quarter. Brooklyn Investment Group boosted its position in shares of Nasdaq by 8.5% in the 4th quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider's stock valued at $147,000 after purchasing an additional 148 shares during the period. Crestwood Advisors Group LLC increased its stake in Nasdaq by 4.1% in the 4th quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider's stock worth $295,000 after purchasing an additional 152 shares in the last quarter. Finally, Crestmont Private Wealth LLC raised its holdings in Nasdaq by 2.4% during the 4th quarter. Crestmont Private Wealth LLC now owns 8,017 shares of the financial services provider's stock worth $620,000 after buying an additional 185 shares during the period. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ opened at $71.69 on Thursday. The business's 50-day simple moving average is $76.17 and its 200-day simple moving average is $77.39. Nasdaq, Inc. has a 52 week low of $58.10 and a 52 week 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 cap of $41.23 billion, a price-to-earnings ratio of 37.34, a P/E/G ratio of 2.12 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, equities research analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Friday, March 14th. Nasdaq's dividend payout ratio is 50.00%.

Analyst Upgrades and Downgrades

NDAQ has been the subject of several research analyst reports. Royal Bank of Canada restated an "outperform" rating and issued a $95.00 price target on shares of Nasdaq in a research report on Thursday, April 10th. Keefe, Bruyette & Woods raised their target price on Nasdaq from $86.00 to $91.00 and gave the stock an "outperform" rating in a research report on Friday, December 20th. StockNews.com lowered Nasdaq from a "hold" rating to a "sell" rating in a research report on Wednesday, April 9th. Barclays decreased their price objective on Nasdaq from $87.00 to $86.00 and set an "overweight" rating for the company in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a "hold" rating to a "buy" rating and upped their target price for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $85.56.

Insider Buying and Selling at Nasdaq

In related news, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now owns 59,694 shares in the company, valued at $4,398,253.92. This represents a 20.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Bryan Everard Smith sold 657 shares of Nasdaq stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $71.81, for a total value of $47,179.17. Following the completion of the transaction, the executive vice president now directly owns 61,980 shares in the company, valued at approximately $4,450,783.80. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,116 shares of company stock worth $1,434,818 over the last ninety days. Company insiders own 0.70% of the company's stock.

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.

Want to see what other hedge funds are holding NDAQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nasdaq, Inc. (NASDAQ:NDAQ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.