Victory Capital Management Inc. Sells 35,596 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Victory Capital Management Inc. lowered its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 12.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 251,079 shares of the financial services provider's stock after selling 35,596 shares during the period. Victory Capital Management Inc.'s holdings in Nasdaq were worth $19,411,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NDAQ. Keybank National Association OH lifted its position in Nasdaq by 9.4% during the fourth quarter. Keybank National Association OH now owns 10,731 shares of the financial services provider's stock valued at $830,000 after buying an additional 922 shares during the period. AMJ Financial Wealth Management lifted its position in Nasdaq by 40.1% during the 4th quarter. AMJ Financial Wealth Management now owns 132,806 shares of the financial services provider's stock valued at $10,267,000 after acquiring an additional 37,985 shares during the period. Commerzbank Aktiengesellschaft FI boosted its stake in Nasdaq by 34.6% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 4,064 shares of the financial services provider's stock worth $315,000 after acquiring an additional 1,045 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Nasdaq by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,367,921 shares of the financial services provider's stock worth $183,064,000 after acquiring an additional 71,567 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in Nasdaq by 2.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 23,249 shares of the financial services provider's stock worth $1,797,000 after purchasing an additional 501 shares during the period. Hedge funds and other institutional investors own 72.47% of the company's stock.

Nasdaq Price Performance

Shares of NDAQ opened at $72.29 on Wednesday. The firm has a market cap of $41.58 billion, a PE ratio of 37.65, a P/E/G ratio of 2.12 and a beta of 0.96. 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 firm has a fifty day simple moving average of $79.59 and a two-hundred day simple moving average of $77.30. Nasdaq, Inc. has a 1-year low of $57.96 and a 1-year high of $84.15.

Remove Ads

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 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%. On average, equities analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq's payout ratio is 50.00%.

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the transaction, the executive vice president now directly owns 55,576 shares in the company, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Citigroup lifted their target price on shares of Nasdaq from $78.00 to $84.00 and gave the company a "neutral" rating in a report on Friday, January 10th. JPMorgan Chase & Co. lifted their price objective on Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. 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. Oppenheimer lifted their price target on Nasdaq from $86.00 to $89.00 and gave the stock an "outperform" rating in a research report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a "hold" rating to a "buy" rating and upped their price target for the stock from $80.00 to $98.00 in a research note on Wednesday, January 8th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $86.88.

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.

Want to see what other hedge funds are holding NDAQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nasdaq, Inc. (NASDAQ:NDAQ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.