Manning & Napier Advisors LLC Sells 40,889 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Manning & Napier Advisors LLC cut its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 829,433 shares of the financial services provider's stock after selling 40,889 shares during the period. Manning & Napier Advisors LLC owned about 0.14% of Nasdaq worth $64,124,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of NDAQ. Citizens Financial Group Inc. RI grew its holdings in Nasdaq by 3.6% in the third quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider's stock worth $290,000 after purchasing an additional 137 shares during the period. First Pacific Financial grew its stake in shares of Nasdaq by 1.0% in the 3rd quarter. First Pacific Financial now owns 13,842 shares of the financial services provider's stock valued at $1,011,000 after buying an additional 142 shares during the period. Harbor Capital Advisors Inc. increased its position in Nasdaq by 1.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider's stock valued at $759,000 after buying an additional 148 shares in the last quarter. Brooklyn Investment Group raised its stake in Nasdaq by 8.5% during the 4th quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider's stock worth $147,000 after buying an additional 148 shares during the period. Finally, Crestwood Advisors Group LLC boosted its holdings in Nasdaq by 4.2% in the third quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider's stock worth $268,000 after acquiring an additional 149 shares in the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Nasdaq news, insider Pc Nelson Griggs sold 5,742 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total value of $444,086.28. Following the transaction, the insider now directly owns 205,821 shares in the company, valued at $15,918,196.14. This represents a 2.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeremy Skule sold 12,075 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $78.75, for a total value of $950,906.25. Following the transaction, the executive vice president now directly owns 102,505 shares of the company's stock, valued at $8,072,268.75. The trade was a 10.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,817 shares of company stock worth $2,330,033 over the last 90 days. Corporate insiders own 0.70% of the company's stock.

Analysts Set New Price Targets

NDAQ has been the subject of several recent research reports. Bank of America decreased their price objective on Nasdaq from $90.00 to $88.00 and set a "buy" rating for the company in a report on Thursday, October 3rd. JPMorgan Chase & Co. upped their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday. Argus lifted their price objective on shares of Nasdaq from $76.00 to $82.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. The Goldman Sachs Group upped their target price on shares of Nasdaq from $77.00 to $83.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Finally, TD Cowen cut their price target on Nasdaq from $81.00 to $80.00 and set a "hold" rating for the company in a research note on Monday, October 28th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.88.

Nasdaq Stock Performance

Shares of NDAQ traded up $0.55 during mid-day trading on Thursday, hitting $82.28. The stock had a trading volume of 2,948,802 shares, compared to its average volume of 2,853,899. Nasdaq, Inc. has a 52 week low of $54.90 and a 52 week high of $83.77. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The business has a fifty day moving average price of $79.50 and a 200-day moving average price of $74.51. The firm has a market cap of $47.29 billion, a P/E ratio of 49.27, a PEG ratio of 2.77 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. On average, equities research analysts expect that Nasdaq, Inc. will post 2.81 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.17%. Nasdaq's payout ratio is 57.49%.

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.