Robeco Institutional Asset Management B.V. Sells 71,514 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Robeco Institutional Asset Management B.V. lowered its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 619,400 shares of the financial services provider's stock after selling 71,514 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.11% of Nasdaq worth $47,886,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Founders Capital Management purchased a new position in shares of Nasdaq during the fourth quarter valued at about $27,000. Catalyst Capital Advisors LLC bought a new position in shares of Nasdaq in the 3rd quarter worth approximately $27,000. Raleigh Capital Management Inc. lifted its position 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 valued at $34,000 after buying an additional 225 shares in the last quarter. Claro Advisors LLC purchased a new stake in shares of Nasdaq during the third quarter worth about $33,000. Finally, Focused Wealth Management Inc purchased a new stake in shares of Nasdaq in the third quarter worth about $35,000. 72.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NDAQ has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of Nasdaq from $92.00 to $93.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a "hold" rating to a "buy" rating and upped their price objective for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. Barclays lowered their target price on Nasdaq from $96.00 to $95.00 and set an "overweight" rating on the stock in a report on Thursday. StockNews.com raised Nasdaq from a "sell" rating to a "hold" rating in a research note on Saturday, December 14th. Finally, Argus raised their price objective on shares of Nasdaq from $76.00 to $82.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $86.88.

Nasdaq Trading Up 0.7 %

Shares of NDAQ traded up $0.55 on Thursday, hitting $82.28. 2,948,802 shares of the stock traded hands, compared to its average volume of 2,853,899. The firm has a market capitalization of $47.29 billion, a P/E ratio of 49.27, a P/E/G ratio of 2.77 and a beta of 0.98. Nasdaq, Inc. has a 1 year low of $54.90 and a 1 year high of $83.77. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The stock's 50 day moving average is $79.53 and its two-hundred day moving average is $74.56.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. As a group, sell-side analysts predict that Nasdaq, Inc. will post 2.81 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.17%. Nasdaq's dividend payout ratio (DPR) is 57.49%.

Insider Activity

In related news, EVP Jeremy Skule sold 12,075 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction of $950,906.25. Following the sale, the executive vice president now owns 102,505 shares of the company's stock, valued at $8,072,268.75. The trade was a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Pc Nelson Griggs sold 5,742 shares of Nasdaq stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total transaction of $444,086.28. Following the completion of the transaction, the insider now directly owns 205,821 shares in the company, valued at $15,918,196.14. This represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 29,817 shares of company stock valued at $2,330,033. Company insiders own 0.70% of the company's stock.

Nasdaq 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.