National Pension Service lowered its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 567,111 shares of the financial services provider's stock after selling 26,608 shares during the quarter. National Pension Service owned 0.10% of Nasdaq worth $43,843,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. Founders Capital Management purchased a new position in shares of Nasdaq in the 4th quarter worth $27,000. Catalyst Capital Advisors LLC bought a new position in Nasdaq in the third quarter valued at about $27,000. Kestra Investment Management LLC purchased a new position in Nasdaq in the fourth quarter worth about $33,000. Raleigh Capital Management Inc. grew its stake in shares of Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 225 shares during the period. Finally, Focused Wealth Management Inc bought a new position in shares of Nasdaq in the 3rd quarter worth approximately $35,000. Institutional investors own 72.47% of the company's stock.
Nasdaq Stock Down 1.0 %
Shares of NDAQ traded down $0.81 during mid-day trading on Monday, hitting $81.97. The company's stock had a trading volume of 2,403,700 shares, compared to its average volume of 2,684,539. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The company's 50-day moving average is $79.84 and its 200-day moving average is $76.98. Nasdaq, Inc. has a 52-week low of $56.30 and a 52-week high of $84.15. The firm has a market capitalization of $47.14 billion, a price-to-earnings ratio of 42.69, a PEG ratio of 2.12 and a beta of 0.99.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. On average, equities research analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.
Nasdaq Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.17%. Nasdaq's dividend payout ratio (DPR) is presently 50.00%.
Analysts Set New Price Targets
Several analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Royal Bank of Canada restated an "outperform" rating and issued a $95.00 price objective on shares of Nasdaq in a research note on Thursday, January 30th. Raymond James lifted their target price on Nasdaq from $83.00 to $84.00 and gave the company an "outperform" rating in a research report on Thursday, January 9th. Deutsche Bank Aktiengesellschaft raised Nasdaq from a "hold" rating to a "buy" rating and boosted their price target for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. Finally, William Blair assumed coverage on Nasdaq in a research report on Monday, November 25th. They set an "outperform" rating on the stock. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $86.88.
View Our Latest Stock Analysis on NDAQ
Insiders Place Their Bets
In other news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction 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 approximately $4,532,778.56. This represents a 5.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.
About Nasdaq
(
Free Report)
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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