Diversified Trust Co Decreases Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Diversified Trust Co decreased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 77.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,962 shares of the financial services provider's stock after selling 13,511 shares during the period. Diversified Trust Co's holdings in Nasdaq were worth $301,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Oppenheimer & Co. Inc. grew its stake in shares of Nasdaq by 79.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 15,295 shares of the financial services provider's stock worth $1,182,000 after acquiring an additional 6,750 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Nasdaq in the 4th quarter valued at approximately $210,000. US Bancorp DE boosted its stake in Nasdaq by 1.8% in the 4th quarter. US Bancorp DE now owns 47,159 shares of the financial services provider's stock worth $3,646,000 after purchasing an additional 821 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Nasdaq by 10.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,048 shares of the financial services provider's stock worth $159,000 after purchasing an additional 192 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in Nasdaq by 63.9% during the 4th quarter. Jones Financial Companies Lllp now owns 33,374 shares of the financial services provider's stock valued at $2,580,000 after purchasing an additional 13,017 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NDAQ has been the topic of a number of research reports. Barclays cut their price objective on Nasdaq from $86.00 to $84.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Piper Sandler increased their price target on shares of Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Oppenheimer set a $96.00 price objective on shares of Nasdaq and gave the company an "outperform" rating in a research note on Tuesday, June 17th. Citigroup dropped their price objective on shares of Nasdaq from $84.00 to $75.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Bank of America raised their target price on shares of Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Nasdaq has an average rating of "Moderate Buy" and an average price target of $88.06.

Nasdaq Price Performance

Shares of NDAQ stock traded up $0.41 during trading hours on Friday, reaching $89.93. The company had a trading volume of 1,433,250 shares, compared to its average volume of 3,055,672. The stock has a fifty day moving average of $83.20 and a 200-day moving average of $79.26. The company has a market capitalization of $51.63 billion, a price-to-earnings ratio of 40.88, a PEG ratio of 2.31 and a beta of 1.01. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.98 and a current ratio of 0.98. Nasdaq, Inc. has a 12-month low of $59.95 and a 12-month high of $90.35.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. Nasdaq had a net margin of 16.36% and a return on equity of 15.38%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the firm posted $0.63 earnings per share. Nasdaq's quarterly revenue was up 10.7% on a year-over-year basis. On average, equities analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, June 13th. This is a boost from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a yield of 1.20%. Nasdaq's dividend payout ratio is currently 49.09%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $89.17, for a total transaction of $187,702.85. Following the completion of the sale, the executive vice president directly owned 94,656 shares in the company, valued at $8,440,475.52. This trade represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bradley J. Peterson sold 11,508 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the completion of the sale, the executive vice president directly owned 111,035 shares in the company, valued at $9,867,680.45. This trade represents a 9.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,613 shares of company stock worth $1,874,659 over the last quarter. 0.70% of the stock is currently owned by company insiders.

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.