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Ridgewood Investments LLC Decreases Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

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Ridgewood Investments LLC decreased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 34.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,686 shares of the financial services provider's stock after selling 8,266 shares during the quarter. Ridgewood Investments LLC's holdings in Nasdaq were worth $1,213,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NDAQ. Wellington Management Group LLP raised its holdings in Nasdaq by 163.3% in the third quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider's stock valued at $2,835,235,000 after acquiring an additional 24,084,154 shares in the last quarter. Mizuho Securities USA LLC raised its holdings in Nasdaq by 13,532.3% in the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider's stock valued at $292,040,000 after acquiring an additional 3,970,658 shares in the last quarter. State Street Corp raised its holdings in Nasdaq by 11.2% in the third quarter. State Street Corp now owns 17,951,698 shares of the financial services provider's stock valued at $1,310,653,000 after acquiring an additional 1,811,616 shares in the last quarter. Harris Associates L P raised its holdings in Nasdaq by 14.6% in the third quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider's stock valued at $627,596,000 after acquiring an additional 1,096,090 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Nasdaq by 9.5% in the third quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider's stock valued at $783,181,000 after acquiring an additional 932,665 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company's stock.

Nasdaq Price Performance

NDAQ stock traded down $2.14 during trading on Friday, hitting $75.88. The stock had a trading volume of 3,434,466 shares, compared to its average volume of 3,048,561. The company's 50 day moving average price is $79.23 and its two-hundred day moving average price is $72.60. Nasdaq, Inc. has a 1-year low of $54.90 and a 1-year high of $83.77. The stock has a market cap of $43.61 billion, a price-to-earnings ratio of 45.44, a price-to-earnings-growth ratio of 3.12 and a beta of 0.98. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $0.71 EPS. The firm's revenue for the quarter was up 21.9% on a year-over-year basis. On average, sell-side analysts forecast that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Friday, December 6th. Nasdaq's dividend payout ratio is currently 57.49%.

Insider Activity

In other news, insider Pc Nelson Griggs sold 6,000 shares of the company's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.71, for a total transaction of $454,260.00. Following the completion of the transaction, the insider now owns 215,563 shares of the company's stock, valued at $16,320,274.73. This represents a 2.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jeremy Skule sold 12,075 shares of the company's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the transaction, the executive vice president now directly owns 102,505 shares of the company's stock, valued at approximately $8,072,268.75. This represents a 10.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,459 shares of company stock valued at $3,811,808 in the last 90 days. 0.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on NDAQ. Morgan Stanley raised their price objective on shares of Nasdaq from $92.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. UBS Group lifted their target price on shares of Nasdaq from $73.00 to $79.00 and gave the company a "neutral" rating in a report on Tuesday, October 8th. Barclays lifted their target price on shares of Nasdaq from $87.00 to $97.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Keefe, Bruyette & Woods lifted their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the company an "outperform" rating in a research report on Friday, December 20th. Finally, TD Cowen lowered their price objective on shares of Nasdaq from $81.00 to $80.00 and set a "hold" rating on the stock in a research report on Monday, October 28th. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $85.60.

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Nasdaq Profile

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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.

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