Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC lessened its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 82.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,875 shares of the financial services provider's stock after selling 13,429 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Nasdaq were worth $222,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NDAQ. Creative Planning boosted its holdings in Nasdaq by 6.8% in the third quarter. Creative Planning now owns 54,917 shares of the financial services provider's stock worth $4,010,000 after purchasing an additional 3,475 shares during the period. Blue Trust Inc. boosted its holdings in Nasdaq by 96.3% in the third quarter. Blue Trust Inc. now owns 2,846 shares of the financial services provider's stock worth $208,000 after purchasing an additional 1,396 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Nasdaq by 12.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 20,301 shares of the financial services provider's stock worth $1,482,000 after purchasing an additional 2,171 shares during the period. Signaturefd LLC boosted its holdings in Nasdaq by 2.5% in the third quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider's stock worth $481,000 after purchasing an additional 162 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in Nasdaq by 7.9% in the third quarter. Private Advisor Group LLC now owns 10,860 shares of the financial services provider's stock worth $793,000 after purchasing an additional 795 shares during the period. Institutional investors and hedge funds own 72.47% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on NDAQ. Barclays cut their target price on Nasdaq from $96.00 to $95.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Citigroup raised 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. Morgan Stanley raised their target price on Nasdaq from $92.00 to $93.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. TD Cowen cut their target price on Nasdaq from $81.00 to $80.00 and set a "hold" rating on the stock in a research note on Monday, October 28th. Finally, Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a "hold" rating to a "buy" rating and raised their target price for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $86.88.

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq 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 transaction, the executive vice president now owns 55,576 shares of the company's stock, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is owned by corporate insiders.

Nasdaq Price Performance

NASDAQ:NDAQ opened at $81.07 on Friday. The business's 50-day moving average price is $79.63 and its 200 day moving average price is $76.41. The firm has a market cap of $46.60 billion, a P/E ratio of 42.22, a PEG ratio of 2.12 and a beta of 0.99. Nasdaq, Inc. has a 52-week low of $55.51 and a 52-week high of $84.15. 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 (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 predict that Nasdaq, Inc. will post 3.17 earnings per share for the current fiscal 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 issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Friday, March 14th. Nasdaq's payout ratio is currently 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.

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