Crestline Management LP reduced its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 90.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,962 shares of the financial services provider's stock after selling 92,147 shares during the quarter. Crestline Management LP's holdings in Nasdaq were worth $770,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in Nasdaq by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 52,576,413 shares of the financial services provider's stock worth $4,064,682,000 after purchasing an additional 376,893 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Nasdaq by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 11,018,705 shares of the financial services provider's stock valued at $849,783,000 after purchasing an additional 257,465 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Nasdaq by 13.4% during the fourth quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider's stock worth $802,401,000 after purchasing an additional 1,225,672 shares during the period. The Manufacturers Life Insurance Company grew its position in Nasdaq by 5.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 6,954,334 shares of the financial services provider's stock valued at $537,640,000 after purchasing an additional 335,565 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Nasdaq by 37.9% in the 4th quarter. Ameriprise Financial Inc. now owns 6,005,047 shares of the financial services provider's stock valued at $464,676,000 after buying an additional 1,650,201 shares during the period. Institutional investors and hedge funds own 72.47% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. 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 report on Thursday, January 30th. Keefe, Bruyette & Woods increased their price target on shares of Nasdaq from $87.00 to $88.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Royal Bank of Canada reissued an "outperform" rating and set a $95.00 price target on shares of Nasdaq in a report on Thursday, April 10th. Citigroup dropped their price target on Nasdaq from $84.00 to $75.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, Bank of America raised their price objective on shares of Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $86.50.
View Our Latest Research Report on NDAQ
Nasdaq Stock Up 1.0%
Shares of NASDAQ NDAQ traded up $0.82 during midday trading on Tuesday, hitting $81.57. 3,616,147 shares of the stock traded hands, compared to its average volume of 2,851,295. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. Nasdaq, Inc. has a one year low of $58.28 and a one year high of $84.15. The business has a 50 day moving average price of $74.40 and a two-hundred day moving average price of $77.79. The company has a market cap of $46.83 billion, a PE ratio of 42.48, a P/E/G ratio of 2.12 and a beta of 1.00.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. The business's revenue was up 10.7% on a year-over-year basis. On average, equities analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.
Nasdaq Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.08 annualized dividend and a yield of 1.32%. This is an increase from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio is 49.09%.
Insider Buying and Selling at Nasdaq
In related news, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the sale, the executive vice president now owns 59,694 shares of the company's stock, valued at approximately $4,398,253.92. This trade represents a 20.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of the business's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $71.81, for a total value of $47,179.17. Following the sale, the executive vice president now owns 61,980 shares in the company, valued at approximately $4,450,783.80. The trade was a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.70% of the company's stock.
Nasdaq Company Profile
(
Free Report)
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.
Further Reading
Before you consider Nasdaq, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nasdaq wasn't on the list.
While Nasdaq currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
