Mizuho Securities USA LLC Reduces Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Key Points

• Mizuho Securities USA LLC decreased its stake in Nasdaq, Inc. by 15.5%, selling 6,086 shares and bringing its total ownership to 33,135 shares valued at approximately $2.51 million.
• Executives at Nasdaq sold 32,409 shares worth nearly $2.89 million collectively over the last quarter, indicating a decrease in their ownership stakes.
• Nasdaq recently declared a $0.27 quarterly dividend, resulting in an annualized payout of $1.08, reflecting a dividend yield of 1.1%.

Mizuho Securities USA LLC lessened its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 15.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 33,135 shares of the financial services provider's stock after selling 6,086 shares during the period. Mizuho Securities USA LLC's holdings in Nasdaq were worth $2,514,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Grove Bank & Trust grew its stake in shares of Nasdaq by 194.6% in the 1st quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 216 shares during the period. Highline Wealth Partners LLC lifted its stake in shares of Nasdaq by 1,509.5% in the 1st quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 317 shares during the period. Opal Wealth Advisors LLC acquired a new stake in Nasdaq during the 1st quarter worth $26,000. First Command Advisory Services Inc. bought a new position in Nasdaq during the 1st quarter worth about $30,000. Finally, Kapitalo Investimentos Ltda bought a new position in Nasdaq during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 72.47% of the company's stock.

Analyst Ratings Changes

NDAQ has been the subject of several recent analyst reports. Raymond James Financial reiterated an "outperform" rating and issued a $96.00 target price (up from $84.00) on shares of Nasdaq in a research note on Wednesday, July 9th. Citigroup reissued a "neutral" rating on shares of Nasdaq in a research note on Wednesday, July 9th. The Goldman Sachs Group reissued a "buy" rating on shares of Nasdaq in a research note on Friday, July 25th. Deutsche Bank Aktiengesellschaft raised their target price on Nasdaq from $97.00 to $105.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Morgan Stanley upped their target price on shares of Nasdaq from $75.00 to $86.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $97.06.

Insider Buying and Selling at Nasdaq

In other news, insider Pc Nelson Griggs sold 8,000 shares of Nasdaq stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total value of $664,240.00. Following the transaction, the insider owned 211,405 shares of the company's stock, valued at $17,552,957.15. The trade was a 3.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $95.49, for a total transaction of $201,006.45. Following the completion of the transaction, the executive vice president directly owned 92,551 shares in the company, valued at approximately $8,837,694.99. The trade was a 2.22% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,409 shares of company stock worth $2,887,839. 0.70% of the stock is owned by company insiders.

Nasdaq Price Performance

Shares of NASDAQ NDAQ traded down $0.17 during midday trading on Thursday, reaching $95.40. The stock had a trading volume of 2,458,885 shares, compared to its average volume of 3,323,424. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a 50-day moving average of $90.41 and a 200-day moving average of $82.18. Nasdaq, Inc. has a 12-month low of $64.84 and a 12-month high of $97.63. The company has a market capitalization of $54.74 billion, a price-to-earnings ratio of 36.69, a price-to-earnings-growth ratio of 2.11 and a beta of 1.00.

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

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a $0.27 dividend. The ex-dividend date is Friday, September 12th. This represents a $1.08 annualized dividend and a dividend yield of 1.1%. Nasdaq's payout ratio is currently 41.54%.

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.