Kintegral Advisory LLC Cuts Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Kintegral Advisory LLC reduced its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 32.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,867 shares of the financial services provider's stock after selling 25,441 shares during the period. Kintegral Advisory LLC's holdings in Nasdaq were worth $3,935,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Nasdaq during the 4th quarter worth approximately $424,285,000. Ameriprise Financial Inc. grew its holdings in Nasdaq by 37.9% during the 4th quarter. Ameriprise Financial Inc. now owns 6,005,047 shares of the financial services provider's stock worth $464,676,000 after acquiring an additional 1,650,201 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Nasdaq during the 4th quarter worth approximately $105,481,000. Franklin Resources Inc. grew its holdings in Nasdaq by 13.4% during the 4th quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider's stock worth $802,401,000 after acquiring an additional 1,225,672 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Nasdaq by 40.3% during the 4th quarter. Invesco Ltd. now owns 3,902,214 shares of the financial services provider's stock worth $301,680,000 after acquiring an additional 1,120,538 shares in the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of several analyst reports. Morgan Stanley cut shares of Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price target for the company. in a report on Tuesday, April 8th. Bank of America upped their target price on shares of Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods upped their target price on shares of Nasdaq from $87.00 to $88.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Oppenheimer set a $96.00 target price on shares of Nasdaq and gave the company an "outperform" rating in a report on Tuesday, June 17th. Finally, Wall Street Zen upgraded shares of Nasdaq from a "sell" rating to a "hold" rating in a report on Friday, April 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $88.06.

Nasdaq Stock Performance

NASDAQ:NDAQ traded up $0.41 during trading hours on Friday, reaching $89.93. 1,433,250 shares of the company's stock were exchanged, compared to its average volume of 3,064,627. The firm has a market capitalization of $51.63 billion, a price-to-earnings ratio of 40.88, a P/E/G ratio of 2.32 and a beta of 1.01. The company has a 50-day moving average of $83.49 and a 200 day moving average of $79.35. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.77. Nasdaq, Inc. has a 1-year low of $60.27 and a 1-year high of $90.35.

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

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a dividend of $0.27 per share. The ex-dividend date was Friday, June 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.20%. This is an increase from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio is presently 49.09%.

Insiders Place Their Bets

In other Nasdaq news, insider Pc Nelson Griggs sold 8,000 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total transaction of $664,240.00. Following the completion of the transaction, the insider owned 211,405 shares in the company, valued at approximately $17,552,957.15. This represents a 3.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bradley J. Peterson sold 11,508 shares of the company's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the transaction, the executive vice president owned 111,035 shares of the company's stock, valued at approximately $9,867,680.45. The trade was a 9.39% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,613 shares of company stock worth $1,874,659. 0.70% of the stock is owned by insiders.

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.