Nomura Asset Management Co. Ltd. Has $9.86 Million Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Nomura Asset Management Co. Ltd. decreased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 22.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,591 shares of the financial services provider's stock after selling 36,588 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Nasdaq were worth $9,864,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Rakuten Securities Inc. bought a new position in shares of Nasdaq during the 4th quarter worth about $26,000. Founders Capital Management acquired a new position in Nasdaq in the 4th quarter valued at approximately $27,000. Kestra Investment Management LLC bought a new stake in shares of Nasdaq in the 4th quarter worth approximately $33,000. Raleigh Capital Management Inc. grew its holdings 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 worth $34,000 after purchasing an additional 225 shares in the last quarter. Finally, TCTC Holdings LLC acquired a new stake in shares of Nasdaq during the 4th quarter worth approximately $41,000. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Trading Down 7.5 %

NDAQ stock traded down $5.54 during midday trading on Friday, hitting $68.25. 5,586,044 shares of the company's stock were exchanged, compared to its average volume of 2,775,622. Nasdaq, Inc. has a one year low of $58.10 and a one year high of $84.15. The stock's fifty day moving average price is $78.53 and its 200-day moving average price is $77.62. The company has a market cap of $39.25 billion, a PE ratio of 35.55, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99.

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 (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%. Research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.41%. Nasdaq's payout ratio is 50.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NDAQ. Barclays dropped their target price on Nasdaq from $96.00 to $95.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Keefe, Bruyette & Woods lifted their price target on shares of Nasdaq from $86.00 to $91.00 and gave the company an "outperform" rating in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a "hold" rating to a "buy" rating and raised their price objective for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. Raymond James lifted their target price on shares of Nasdaq from $83.00 to $84.00 and gave the company an "outperform" rating in a research note on Thursday, January 9th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $95.00 target price on shares of Nasdaq in a report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $87.94.

Insider Activity at Nasdaq

In other news, EVP Sarah Youngwood sold 14,959 shares of Nasdaq 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 sale, the executive vice president now directly owns 59,694 shares in the company, valued at $4,398,253.92. This trade represents a 20.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction on Monday, February 3rd. The shares were 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. The trade was a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

About Nasdaq

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.