Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 820,466 shares of the financial services provider's stock after selling 52,665 shares during the period. Thrivent Financial for Lutherans owned about 0.14% of Nasdaq worth $63,530,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NDAQ. Rakuten Securities Inc. purchased a new position in shares of Nasdaq in the fourth quarter valued at approximately $26,000. Founders Capital Management purchased a new position in Nasdaq in the 4th quarter valued at $27,000. Kestra Investment Management LLC acquired a new stake in Nasdaq during the 4th quarter worth $33,000. Raleigh Capital Management Inc. boosted its stake in Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider's stock worth $34,000 after purchasing an additional 225 shares during the last quarter. Finally, TCTC Holdings LLC purchased a new stake in shares of Nasdaq during the fourth quarter worth $41,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Trading Up 2.5 %

Shares of NDAQ stock traded up $1.86 during trading hours on Monday, hitting $77.41. The company had a trading volume of 2,074,888 shares, compared to its average volume of 2,631,304. Nasdaq, Inc. has a fifty-two week low of $58.10 and a fifty-two week high of $84.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The company's fifty day moving average is $79.17 and its 200 day moving average is $77.47. The stock has a market capitalization of $44.52 billion, a PE ratio of 40.32, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96.

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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, topping 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%. Research analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

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 given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.24%. The ex-dividend date is Friday, March 14th. Nasdaq's dividend payout ratio is currently 50.00%.

Insiders Place Their Bets

In related news, EVP Sarah Youngwood sold 14,959 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the transaction, the executive vice president now directly owns 59,694 shares of the company's stock, valued at $4,398,253.92. The trade was a 20.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the sale, the executive vice president now directly owns 55,576 shares in the company, valued at $4,532,778.56. This represents a 5.92 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.70% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on NDAQ shares. JPMorgan Chase & Co. boosted their price target 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. UBS Group boosted their target price on Nasdaq from $79.00 to $89.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Keefe, Bruyette & Woods increased their price target on Nasdaq from $86.00 to $91.00 and gave the company an "outperform" rating in a report on Friday, December 20th. StockNews.com lowered Nasdaq from a "hold" rating to a "sell" rating in a research note on Wednesday, March 19th. Finally, Citigroup raised their target price on Nasdaq from $78.00 to $84.00 and gave the stock a "neutral" rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average 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.