Natixis Advisors LLC Has $43.65 Million Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Natixis Advisors LLC cut its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 564,660 shares of the financial services provider's stock after selling 27,312 shares during the period. Natixis Advisors LLC owned about 0.10% of Nasdaq worth $43,654,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new stake in shares of Nasdaq during the fourth quarter worth $26,000. Founders Capital Management acquired a new stake in shares of Nasdaq during the fourth quarter worth $27,000. Kestra Investment Management LLC acquired a new stake in shares of Nasdaq during the fourth quarter worth $33,000. Raleigh Capital Management Inc. raised its holdings in shares of Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider's stock worth $34,000 after acquiring an additional 225 shares during the period. Finally, Peterson Financial Group Inc. acquired a new stake in shares of Nasdaq during the third quarter worth $42,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NDAQ. StockNews.com lowered shares of Nasdaq from a "hold" rating to a "sell" rating in a report on Wednesday. Citigroup raised their target price on shares of Nasdaq from $78.00 to $84.00 and gave the company a "neutral" rating in a research report on Friday, January 10th. UBS Group raised their target price on shares of Nasdaq from $79.00 to $89.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Oppenheimer raised their target price on shares of Nasdaq from $86.00 to $89.00 and gave the company an "outperform" rating in a research report on Monday, January 13th. Finally, Barclays decreased their target price on shares of Nasdaq from $96.00 to $95.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $86.88.

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Nasdaq Stock Performance

Shares of NASDAQ NDAQ traded up $0.33 during mid-day trading on Thursday, reaching $76.91. 2,218,637 shares of the company were exchanged, compared to its average volume of 2,756,692. The company's 50-day simple moving average is $79.20 and its 200-day simple moving average is $77.38. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $44.23 billion, a P/E ratio of 40.06, a P/E/G ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a twelve month low of $58.10 and a twelve month high of $84.15.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share 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%. As a group, research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The firm also recently disclosed 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. This represents a $0.96 annualized dividend and a yield of 1.25%. The ex-dividend date is Friday, March 14th. Nasdaq's dividend payout ratio (DPR) is 50.00%.

Insiders Place Their Bets

In other news, EVP Bryan Everard Smith sold 3,500 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were 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 directly owns 55,576 shares in the company, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of the business'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 transaction of $1,102,179.12. Following the completion of the transaction, the executive vice president now owns 59,694 shares of the company's stock, valued at $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. Corporate 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.