Machina Capital S.A.S. Sells 3,844 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Machina Capital S.A.S. cut its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 18.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,539 shares of the financial services provider's stock after selling 3,844 shares during the quarter. Machina Capital S.A.S.'s holdings in Nasdaq were worth $1,255,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its position in shares of Nasdaq by 7.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 43,161 shares of the financial services provider's stock worth $3,274,000 after purchasing an additional 3,096 shares during the period. USA Financial Formulas lifted its holdings in Nasdaq by 61.1% in the first quarter. USA Financial Formulas now owns 17,842 shares of the financial services provider's stock valued at $1,353,000 after buying an additional 6,764 shares during the period. Principal Financial Group Inc. boosted its position in Nasdaq by 1.2% during the first quarter. Principal Financial Group Inc. now owns 2,268,620 shares of the financial services provider's stock valued at $172,098,000 after acquiring an additional 27,622 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Nasdaq during the 4th quarter valued at about $48,749,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co acquired a new stake in shares of Nasdaq during the 1st quarter worth approximately $222,000. Institutional investors own 72.47% of the company's stock.

Insider Buying and Selling at Nasdaq

In other news, insider Pc Nelson Griggs sold 8,000 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total transaction of $664,240.00. Following the transaction, the insider owned 211,405 shares of the company's stock, valued at $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 is available at the SEC website. Also, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $89.17, for a total value of $187,702.85. Following the completion of the sale, the executive vice president directly owned 94,656 shares of the company's stock, valued at approximately $8,440,475.52. This trade represents a 2.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,613 shares of company stock worth $1,874,659 over the last ninety days. 0.70% of the stock is currently owned by company insiders.

Nasdaq Stock Performance

NASDAQ NDAQ traded up $1.34 during trading hours on Friday, reaching $94.84. 5,276,392 shares of the company were exchanged, compared to its average volume of 3,258,497. The stock has a market capitalization of $54.45 billion, a P/E ratio of 36.48, a P/E/G ratio of 2.25 and a beta of 1.01. The company has a quick ratio of 0.98, a current ratio of 0.96 and a debt-to-equity ratio of 0.73. Nasdaq, Inc. has a 1 year low of $64.33 and a 1 year high of $95.49. The business's 50 day simple moving average is $86.87 and its 200-day simple moving average is $80.60.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.07. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The company's revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 EPS. On average, equities research analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Friday, September 12th. Nasdaq's dividend payout ratio is currently 49.09%.

Analyst Ratings Changes

Several equities research analysts have recently commented on NDAQ shares. Royal Bank Of Canada boosted their price objective on Nasdaq from $95.00 to $108.00 and gave the company an "outperform" rating in a report on Friday. Redburn Atlantic raised Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price objective for the company in a research note on Thursday, April 17th. Morgan Stanley lifted their target price on Nasdaq from $75.00 to $86.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Keefe, Bruyette & Woods upped their price target on Nasdaq from $103.00 to $104.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Wall Street Zen raised Nasdaq from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Nasdaq currently has an average rating of "Moderate Buy" and a consensus target price of $96.63.

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.