Nasdaq, Inc. (NASDAQ:NDAQ) Position Reduced by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 472,955 shares of the financial services provider's stock after selling 15,200 shares during the period. New York State Common Retirement Fund owned approximately 0.08% of Nasdaq worth $36,564,000 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. Kestra Investment Management LLC acquired a new stake in Nasdaq in the fourth quarter valued at $33,000. Atria Wealth Solutions Inc. increased its position in Nasdaq by 94.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 6,030 shares of the financial services provider's stock valued at $466,000 after buying an additional 2,936 shares in the last quarter. Venturi Wealth Management LLC grew its position in Nasdaq by 1,274.2% in the 4th quarter. Venturi Wealth Management LLC now owns 907 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 841 shares during the period. CIBC Asset Management Inc increased its position in shares of Nasdaq by 4.5% during the fourth quarter. CIBC Asset Management Inc now owns 67,823 shares of the financial services provider's stock worth $5,243,000 after acquiring an additional 2,951 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in Nasdaq by 22.1% during the 4th quarter. Sanctuary Advisors LLC now owns 61,813 shares of the financial services provider's stock worth $5,086,000 after purchasing an additional 11,198 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company's stock.

Wall Street Analyst Weigh In

NDAQ has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped 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. Deutsche Bank Aktiengesellschaft raised Nasdaq from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. StockNews.com upgraded Nasdaq from a "sell" rating to a "hold" rating in a report on Saturday, December 14th. Argus increased their target price on shares of Nasdaq from $76.00 to $82.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Finally, UBS Group boosted their price objective on Nasdaq from $79.00 to $89.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.88.

Nasdaq Price Performance

Shares of NDAQ stock traded down $1.47 during trading hours on Friday, reaching $81.07. The company had a trading volume of 2,154,658 shares, compared to its average volume of 2,685,481. 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 stock has a fifty day moving average of $79.61 and a 200-day moving average of $76.30. The company has a market capitalization of $46.60 billion, a price-to-earnings ratio of 42.22, a PEG ratio of 2.12 and a beta of 0.99. Nasdaq, Inc. has a 12-month low of $55.51 and a 12-month high of $84.15.

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 analysts' consensus estimates 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 analysts anticipate that Nasdaq, Inc. will post 3.17 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. Stockholders of record on Friday, March 14th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.18%. Nasdaq's dividend payout ratio is currently 50.00%.

Insider Buying and Selling at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,500 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the transaction, the executive vice president now owns 55,576 shares of the company's stock, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.70% of the stock is currently owned by insiders.

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.