Nasdaq, Inc. (NASDAQ:NDAQ) Stake Decreased by Thematics Asset Management

Thematics Asset Management decreased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 15.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,372 shares of the financial services provider's stock after selling 21,304 shares during the period. Thematics Asset Management's holdings in Nasdaq were worth $8,919,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Nasdaq by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 52,576,413 shares of the financial services provider's stock worth $4,064,682,000 after acquiring an additional 376,893 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Nasdaq by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 11,018,705 shares of the financial services provider's stock valued at $849,783,000 after purchasing an additional 257,465 shares in the last quarter. Franklin Resources Inc. raised its holdings in Nasdaq by 13.4% during the fourth quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider's stock worth $802,401,000 after purchasing an additional 1,225,672 shares in the last quarter. Norges Bank purchased a new stake in shares of Nasdaq during the 4th quarter worth approximately $424,285,000. Finally, Invesco Ltd. grew its position in shares of Nasdaq by 40.3% in the 4th quarter. Invesco Ltd. now owns 3,902,214 shares of the financial services provider's stock valued at $301,680,000 after buying an additional 1,120,538 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Price Performance

Shares of NDAQ traded up $0.82 during trading hours on Wednesday, reaching $73.51. 3,495,656 shares of the company traded hands, compared to its average volume of 2,832,348. The stock has a market capitalization of $42.28 billion, a PE ratio of 38.29, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02. The stock has a fifty day simple moving average of $75.31 and a 200 day simple moving average of $77.37. Nasdaq, Inc. has a fifty-two week low of $58.10 and a fifty-two 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 posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share 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, research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Friday, March 14th. Nasdaq's dividend payout ratio is presently 50.00%.

Analyst Ratings Changes

Several research analysts have commented on NDAQ shares. StockNews.com raised Nasdaq from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Citigroup decreased their price target on shares of Nasdaq from $84.00 to $75.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Piper Sandler upped their target price on shares of Nasdaq from $80.00 to $83.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Raymond James boosted their price target on Nasdaq from $83.00 to $84.00 and gave the company an "outperform" rating in a research report on Thursday, January 9th. Finally, Redburn Atlantic raised Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price target for the company in a report on Thursday, April 17th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, Nasdaq presently has an average rating of "Moderate Buy" and an average price target of $85.88.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the sale, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their position. The sale 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 company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the transaction, the executive vice president now directly owns 59,694 shares in the company, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,116 shares of company stock valued at $1,434,818 over the last quarter. Company insiders own 0.70% of the company's stock.

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.