NorthCrest Asset Manangement LLC Grows Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

NorthCrest Asset Manangement LLC raised its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 2.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 511,726 shares of the financial services provider's stock after buying an additional 11,978 shares during the period. Nasdaq makes up approximately 1.2% of NorthCrest Asset Manangement LLC's portfolio, making the stock its 14th largest position. NorthCrest Asset Manangement LLC owned 0.09% of Nasdaq worth $38,820,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new stake in shares of Nasdaq in the 4th quarter valued at $26,000. Kestra Investment Management LLC acquired a new position in Nasdaq in the 4th quarter valued at about $33,000. Kapitalo Investimentos Ltda acquired a new position in Nasdaq in the 4th quarter valued at about $37,000. TCTC Holdings LLC acquired a new position in Nasdaq in the 4th quarter valued at about $41,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Nasdaq in the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 72.47% of the company's stock.

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 657 shares of the company's stock in a transaction that occurred on Friday, April 4th. The shares were 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the transaction, the executive vice president now directly owns 59,694 shares of the company's stock, valued at $4,398,253.92. This trade represents a 20.04% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,616 shares of company stock valued at $1,813,598. Insiders own 0.70% of the company's stock.

Nasdaq Trading Down 1.5%

Shares of NASDAQ:NDAQ traded down $1.31 during trading on Friday, reaching $85.59. The stock had a trading volume of 3,149,225 shares, compared to its average volume of 2,978,758. The business has a fifty day moving average price of $78.72 and a 200-day moving average price of $78.60. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The stock has a market cap of $49.14 billion, a P/E ratio of 44.58, a PEG ratio of 2.12 and a beta of 1.00. 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 posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The company's revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.63 earnings per share. As a group, analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, June 13th. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's payout ratio is currently 49.09%.

Analyst Ratings Changes

Several equities analysts recently issued reports on NDAQ shares. Barclays dropped their price target on Nasdaq from $86.00 to $84.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Citigroup dropped their price target on Nasdaq from $84.00 to $75.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Oppenheimer lowered their target price on shares of Nasdaq from $89.00 to $85.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Wall Street Zen raised shares of Nasdaq from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Finally, Redburn Atlantic raised shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price target on the stock in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Nasdaq has a consensus rating of "Moderate Buy" and an average price target of $86.50.

Nasdaq Company 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.