Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC cut its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 86.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,833 shares of the financial services provider's stock after selling 17,584 shares during the quarter. Integrated Advisors Network LLC's holdings in Nasdaq were worth $215,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of NDAQ. Union Bancaire Privee UBP SA acquired a new stake in Nasdaq during the fourth quarter worth approximately $110,867,000. Empowered Funds LLC lifted its stake in shares of Nasdaq by 58.4% during the 4th quarter. Empowered Funds LLC now owns 14,036 shares of the financial services provider's stock worth $1,085,000 after purchasing an additional 5,176 shares during the period. Savant Capital LLC boosted its holdings in shares of Nasdaq by 25.2% during the fourth quarter. Savant Capital LLC now owns 7,231 shares of the financial services provider's stock worth $559,000 after purchasing an additional 1,456 shares during the last quarter. Vontobel Holding Ltd. grew its position in shares of Nasdaq by 4.2% in the fourth quarter. Vontobel Holding Ltd. now owns 24,890 shares of the financial services provider's stock valued at $1,924,000 after purchasing an additional 1,014 shares during the period. Finally, Montag A & Associates Inc. grew its position in shares of Nasdaq by 8.0% in the fourth quarter. Montag A & Associates Inc. now owns 62,582 shares of the financial services provider's stock valued at $4,838,000 after purchasing an additional 4,619 shares during the period. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nasdaq

In other news, EVP Bryan Everard Smith sold 657 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the completion of the transaction, the executive vice president now directly owns 61,980 shares of the company's stock, valued at approximately $4,450,783.80. This represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Pc Nelson Griggs sold 8,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total value of $664,240.00. Following the completion of the sale, the insider now directly owns 211,405 shares in the company, valued at approximately $17,552,957.15. This trade represents a 3.65% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Nasdaq Stock Up 1.3%

NASDAQ:NDAQ traded up $1.09 during mid-day trading on Monday, reaching $86.68. The stock had a trading volume of 3,832,979 shares, compared to its average volume of 2,982,172. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The company has a market capitalization of $49.76 billion, a price-to-earnings ratio of 45.15, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00. Nasdaq, Inc. has a 1-year low of $58.28 and a 1-year high of $87.50. The stock's 50 day simple moving average is $78.72 and its two-hundred day simple moving average is $78.57.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. The business's revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 EPS. Equities analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.27 per share. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.08 annualized dividend and a yield of 1.25%. Nasdaq's payout ratio is presently 49.09%.

Wall Street Analyst Weigh In

NDAQ has been the topic of several recent analyst reports. Barclays decreased their price target on Nasdaq from $86.00 to $84.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Piper Sandler upped their price target on shares of Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Royal Bank of Canada reiterated an "outperform" rating and issued a $95.00 target price on shares of Nasdaq in a report on Thursday, April 10th. Redburn Atlantic upgraded shares of 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. Finally, UBS Group reiterated a "cautious" rating on shares of Nasdaq in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $86.50.

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.