Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA cut its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 288,753 shares of the financial services provider's stock after selling 11,459 shares during the quarter. Pictet Asset Management Holding SA owned 0.05% of Nasdaq worth $22,323,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Rakuten Securities Inc. bought a new stake in shares of Nasdaq in the 4th quarter valued at approximately $26,000. Founders Capital Management bought a new position in Nasdaq during the fourth quarter valued at $27,000. Kestra Investment Management LLC purchased a new stake in shares of Nasdaq in the fourth quarter valued at $33,000. Raleigh Capital Management Inc. lifted its holdings in shares of Nasdaq by 106.6% in the 4th 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 last quarter. Finally, TCTC Holdings LLC bought a new position in Nasdaq during the 4th quarter valued at about $41,000. Institutional investors own 72.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NDAQ. Citigroup boosted their target price on Nasdaq from $78.00 to $84.00 and gave the company a "neutral" rating in a research report on Friday, January 10th. Raymond James increased their target price on Nasdaq from $83.00 to $84.00 and gave the stock an "outperform" rating in a research note on Thursday, January 9th. StockNews.com raised shares of Nasdaq from a "sell" rating to a "hold" rating in a research note on Thursday, March 27th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a "hold" rating to a "buy" rating and lifted their price objective for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. Finally, Bank of America upped their target price on shares of Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $87.94.

Insider Buying and Selling at Nasdaq

In related 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 value of $1,102,179.12. Following the transaction, the executive vice president now owns 59,694 shares in the company, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction that occurred 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 sale, the executive vice president now owns 55,576 shares of the company's stock, valued at approximately $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 company insiders.

Nasdaq Stock Down 7.5 %

Shares of NDAQ traded down $5.54 during midday trading on Friday, hitting $68.25. 5,586,044 shares of the company's stock traded hands, compared to its average volume of 2,779,006. 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 stock has a market capitalization of $39.25 billion, a price-to-earnings ratio of 35.55, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a 1 year low of $58.10 and a 1 year high of $84.15. The firm's fifty day moving average is $78.53 and its 200-day moving average is $77.65.

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

Nasdaq Announces Dividend

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

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.