Sterling Capital Management LLC Sells 1,167,055 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Sterling Capital Management LLC cut its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 58.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 821,127 shares of the financial services provider's stock after selling 1,167,055 shares during the quarter. Nasdaq makes up approximately 0.9% of Sterling Capital Management LLC's portfolio, making the stock its 29th largest holding. Sterling Capital Management LLC owned 0.14% of Nasdaq worth $63,481,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of NDAQ. Argent Trust Co lifted its position in shares of Nasdaq by 3.1% during the fourth quarter. Argent Trust Co now owns 11,213 shares of the financial services provider's stock worth $867,000 after acquiring an additional 332 shares in the last quarter. Paralel Advisors LLC boosted its stake in Nasdaq by 10.0% in the 4th quarter. Paralel Advisors LLC now owns 39,782 shares of the financial services provider's stock worth $3,076,000 after purchasing an additional 3,616 shares during the period. Neuberger Berman Group LLC grew its holdings in Nasdaq by 9.3% during the 4th quarter. Neuberger Berman Group LLC now owns 785,391 shares of the financial services provider's stock valued at $60,719,000 after buying an additional 66,685 shares in the last quarter. One Degree Advisors Inc purchased a new stake in shares of Nasdaq in the fourth quarter worth about $218,000. Finally, Bessemer Group Inc. boosted its position in shares of Nasdaq by 2.3% in the fourth quarter. Bessemer Group Inc. now owns 3,156,288 shares of the financial services provider's stock valued at $244,012,000 after acquiring an additional 70,528 shares during the period. Hedge funds and other institutional investors own 72.47% of the company's stock.

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Analysts Set New Price Targets

NDAQ has been the topic of several recent analyst reports. UBS Group increased their target price on shares of Nasdaq from $79.00 to $89.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Citigroup dropped their price objective on Nasdaq from $84.00 to $75.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods upped their target price on Nasdaq from $86.00 to $91.00 and gave the stock an "outperform" rating in a research note on Friday, December 20th. JPMorgan Chase & Co. lifted their price target on Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Finally, Piper Sandler upped their price objective on shares of Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, Nasdaq currently has an average rating of "Moderate Buy" and a consensus price target of $85.56.

Insider Activity

In other 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 completion of the transaction, the executive vice president now owns 55,576 shares of the company's stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the sale, the executive vice president now owns 59,694 shares in the company, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,116 shares of company stock valued at $1,434,818. Company insiders own 0.70% of the company's stock.

Nasdaq Trading Down 1.4 %

NDAQ traded down $1.06 on Wednesday, hitting $72.11. 913,551 shares of the company were exchanged, compared to its average volume of 2,822,530. 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 fifty day simple moving average of $76.39 and a two-hundred day simple moving average of $77.43. The stock has a market capitalization of $41.47 billion, a PE ratio of 37.56, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02. Nasdaq, Inc. has a 12 month low of $58.10 and a 12 month high of $84.15.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Sell-side analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.24 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.33%. Nasdaq's payout ratio is presently 50.00%.

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.