Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. trimmed its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 27.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 404,008 shares of the financial services provider's stock after selling 155,850 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.07% of Nasdaq worth $30,646,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new position in Nasdaq in the fourth quarter worth about $26,000. Opal Wealth Advisors LLC acquired a new stake in Nasdaq during the first quarter valued at approximately $26,000. Kestra Investment Management LLC bought a new position in Nasdaq during the 4th quarter worth approximately $33,000. Kapitalo Investimentos Ltda acquired a new position in shares of Nasdaq in the 4th quarter worth approximately $37,000. Finally, TCTC Holdings LLC acquired a new position in shares of Nasdaq in the 4th quarter worth approximately $41,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Piper Sandler raised their price objective on Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Morgan Stanley downgraded shares of Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price target on the stock. in a research report on Tuesday, April 8th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $95.00 price objective on shares of Nasdaq in a research report on Thursday, April 10th. Barclays dropped 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. Finally, Bank of America lifted their target price on Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $86.50.

Insider Buying and Selling at Nasdaq

In other news, EVP Sarah Youngwood sold 14,959 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the sale, the executive vice president now owns 59,694 shares in the company, valued at $4,398,253.92. This represents a 20.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Pc Nelson Griggs sold 8,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total transaction of $664,240.00. Following the completion of the sale, the insider now owns 211,405 shares in the company, valued at approximately $17,552,957.15. This trade represents a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,616 shares of company stock valued at $1,813,598. 0.70% of the stock is owned by corporate insiders.

Nasdaq Stock Performance

NDAQ stock opened at $85.59 on Friday. The company has a 50-day simple moving average of $78.72 and a 200 day simple moving average of $78.60. The company has a market capitalization of $49.14 billion, a P/E ratio of 44.58, a PEG ratio of 2.12 and a beta of 1.00. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a fifty-two week low of $58.28 and a fifty-two week high of $87.50.

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

Nasdaq Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $0.27 per share. This is a boost from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date is Friday, June 13th. This represents a $1.08 annualized dividend and a yield of 1.26%. Nasdaq's payout ratio is presently 49.09%.

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.

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