Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Ostrum Asset Management

Ostrum Asset Management decreased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 21.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,776 shares of the financial services provider's stock after selling 4,266 shares during the quarter. Ostrum Asset Management's holdings in Nasdaq were worth $1,220,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Rakuten Securities Inc. acquired a new stake in shares of Nasdaq during the 4th quarter worth about $26,000. Founders Capital Management acquired a new stake in Nasdaq during the fourth quarter worth approximately $27,000. Kestra Investment Management LLC bought a new stake in shares of Nasdaq during the fourth quarter worth approximately $33,000. Raleigh Capital Management Inc. grew its position in shares of Nasdaq by 106.6% in the fourth 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 last quarter. Finally, TCTC Holdings LLC bought a new position in shares of Nasdaq during the fourth quarter worth approximately $41,000. 72.47% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Sarah Youngwood sold 14,959 shares of the 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 transaction, the executive vice president now directly owns 59,694 shares in the company, valued at approximately $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 accessible through this link. Also, EVP Bryan Everard Smith sold 657 shares of the business's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $71.81, for a total value of $47,179.17. Following the sale, the executive vice president now owns 61,980 shares in the company, valued at $4,450,783.80. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,116 shares of company stock worth $1,434,818. Corporate insiders own 0.70% of the company's stock.

Nasdaq Stock Up 0.8 %

Shares of NDAQ traded up $0.62 on Friday, hitting $75.36. 2,793,549 shares of the stock traded hands, compared to its average volume of 2,836,902. The company has a market capitalization of $43.34 billion, a PE ratio of 39.25, a P/E/G ratio of 2.12 and a beta of 1.02. The business has a 50 day simple moving average of $75.19 and a 200 day simple moving average of $77.39. Nasdaq, Inc. has a one year low of $58.10 and a one year high of $84.15. 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 results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. The business had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.22 billion. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, equities analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, June 13th. This is an increase from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's payout ratio is 50.00%.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their price target on Nasdaq from $87.00 to $88.00 and gave the company an "outperform" rating in a research note on Friday. Citigroup dropped their price objective 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. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a "hold" rating to a "buy" rating and boosted their price objective for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. Piper Sandler raised their target price on shares of Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $95.00 price target on shares of Nasdaq in a research report on Thursday, April 10th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Nasdaq presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.18.

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.