Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 842,679 shares of the financial services provider's stock after selling 8,975 shares during the quarter. Rhumbline Advisers owned approximately 0.15% of Nasdaq worth $65,147,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NDAQ. Exchange Traded Concepts LLC bought a new stake in shares of Nasdaq in the 3rd quarter worth $90,000. Creative Planning raised its stake in Nasdaq by 6.8% during the 3rd quarter. Creative Planning now owns 54,917 shares of the financial services provider's stock worth $4,010,000 after acquiring an additional 3,475 shares during the period. Claro Advisors LLC purchased a new stake in Nasdaq in the 3rd quarter worth $33,000. Blue Trust Inc. grew its position in shares of Nasdaq by 96.3% during the third quarter. Blue Trust Inc. now owns 2,846 shares of the financial services provider's stock worth $208,000 after purchasing an additional 1,396 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of Nasdaq by 4.3% during the 3rd quarter. Raymond James & Associates now owns 1,328,493 shares of the financial services provider's stock valued at $96,993,000 after purchasing an additional 55,248 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value 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 represents a 5.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by company insiders.

Nasdaq Price Performance

Shares of NDAQ stock traded up $1.34 during trading hours on Wednesday, reaching $82.58. The company had a trading volume of 1,050,004 shares, compared to its average volume of 2,691,039. Nasdaq, Inc. has a 12-month low of $54.90 and a 12-month 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. The company has a market capitalization of $47.46 billion, a price-to-earnings ratio of 43.03, a PEG ratio of 2.08 and a beta of 0.99. The stock has a fifty day moving average of $79.55 and a 200-day moving average of $76.21.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its earnings results 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%. On average, equities analysts anticipate that Nasdaq, Inc. will post 3.17 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq's dividend payout ratio (DPR) is presently 50.00%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NDAQ. Royal Bank of Canada reissued an "outperform" rating and issued a $95.00 target price on shares of Nasdaq in a research note on Thursday, January 30th. UBS Group raised their price target on shares of Nasdaq from $79.00 to $89.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Argus increased their price target on shares of Nasdaq from $76.00 to $82.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised Nasdaq from a "hold" rating to a "buy" rating and raised their target price for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, Nasdaq currently has a consensus rating of "Moderate Buy" and a consensus price target of $86.88.

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.