Mn Services Vermogensbeheer B.V. Sells 9,700 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Mn Services Vermogensbeheer B.V. decreased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 7.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 125,300 shares of the financial services provider's stock after selling 9,700 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Nasdaq were worth $9,505,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of NDAQ. Rakuten Securities Inc. acquired a new stake in Nasdaq in the fourth quarter worth approximately $26,000. Opal Wealth Advisors LLC acquired a new stake in shares of Nasdaq in the first quarter valued at $26,000. Kestra Investment Management LLC bought a new position in Nasdaq during the fourth quarter valued at about $33,000. Kapitalo Investimentos Ltda acquired a new position in Nasdaq during the fourth quarter worth about $37,000. Finally, TCTC Holdings LLC bought a new stake in Nasdaq in the fourth quarter worth about $41,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NDAQ has been the topic of several recent research reports. Barclays lowered their price objective on shares of Nasdaq from $86.00 to $84.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Oppenheimer set a $96.00 price target on shares of Nasdaq and gave the stock an "outperform" rating in a research report on Tuesday. Citigroup dropped their price target on Nasdaq from $84.00 to $75.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Redburn Atlantic upgraded Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price objective for the company in a research report on Thursday, April 17th. Finally, Wall Street Zen upgraded Nasdaq from a "sell" rating to a "hold" rating in a report on Friday, April 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $87.19.

Nasdaq Stock Down 0.3%

NASDAQ NDAQ traded down $0.26 during trading on Friday, reaching $86.11. 1,911,486 shares of the company's stock were exchanged, compared to its average volume of 2,995,766. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.77. Nasdaq, Inc. has a fifty-two week low of $58.35 and a fifty-two week high of $87.50. The company's fifty day simple moving average is $80.02 and its 200-day simple moving average is $78.73. The firm has a market capitalization of $49.44 billion, a PE ratio of 39.14, a P/E/G ratio of 2.23 and a beta of 1.00.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly 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. Nasdaq had a net margin of 16.36% and a return on equity of 15.38%. The business had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same period last year, the company posted $0.63 earnings per share. The firm's quarterly revenue was up 10.7% compared to the same quarter last year. Sell-side analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Increases Dividend

The business 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. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.25%. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio (DPR) is 49.09%.

Insider Activity

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