Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 1.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 246,187 shares of the financial services provider's stock after selling 4,892 shares during the period. Victory Capital Management Inc.'s holdings in Nasdaq were worth $18,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in NDAQ. Grove Bank & Trust boosted its stake in Nasdaq by 194.6% during the first quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock worth $25,000 after buying an additional 216 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in Nasdaq during the first quarter worth $26,000. Highline Wealth Partners LLC boosted its stake in Nasdaq by 1,509.5% during the first quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock worth $26,000 after buying an additional 317 shares during the last quarter. First Command Advisory Services Inc. acquired a new position in Nasdaq during the first quarter worth $30,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Nasdaq during the fourth quarter worth $37,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ traded up $1.41 during trading hours on Friday, reaching $94.91. The stock had a trading volume of 2,900,402 shares, compared to its average volume of 3,326,211. The firm has a market cap of $54.49 billion, a price-to-earnings ratio of 43.16, a PEG ratio of 2.12 and a beta of 1.01. 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 $64.33 and a fifty-two week high of $95.49. The firm has a 50-day moving average of $86.62 and a 200-day moving average of $80.47.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share (EPS) 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 analysts' expectations of $1.26 billion. Nasdaq had a return on equity of 15.38% and a net margin of 16.36%. The business's revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 EPS. Equities research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors 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 dividend yield of 1.14%. Nasdaq's dividend payout ratio (DPR) is presently 49.09%.

Analyst Upgrades and Downgrades

NDAQ has been the topic of a number of recent research reports. Oppenheimer reissued an "outperform" rating and set a $101.00 price objective (up previously from $96.00) on shares of Nasdaq in a research note on Tuesday, July 15th. Barclays upped their price target on Nasdaq from $101.00 to $109.00 and gave the company an "overweight" rating in a research note on Friday. UBS Group raised Nasdaq from a "neutral" rating to a "buy" rating and upped their price target for the company from $95.00 to $115.00 in a research note on Friday. 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. Finally, Redburn Atlantic upgraded Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price objective on the stock in a report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Nasdaq has an average rating of "Moderate Buy" and a consensus target price of $96.63.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Bradley J. Peterson sold 11,508 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the completion of the sale, the executive vice president directly owned 111,035 shares of the company's stock, valued at $9,867,680.45. This represents a 9.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeremy Skule sold 2,105 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $89.17, for a total value of $187,702.85. Following the sale, the executive vice president directly owned 94,656 shares of the company's stock, valued at approximately $8,440,475.52. This represents a 2.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,613 shares of company stock valued at $1,874,659 in the last three months. 0.70% of the stock is currently owned by company insiders.

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.