Public Employees Retirement System of Ohio Sells 10,074 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Public Employees Retirement System of Ohio lowered its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 183,241 shares of the financial services provider's stock after selling 10,074 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Nasdaq were worth $14,166,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Barclays PLC lifted its position in Nasdaq by 48.9% in the 3rd quarter. Barclays PLC now owns 1,524,795 shares of the financial services provider's stock valued at $111,325,000 after acquiring an additional 500,418 shares in the last quarter. CX Institutional bought a new position in shares of Nasdaq in the 4th quarter valued at about $219,000. Flagship Harbor Advisors LLC raised its holdings in shares of Nasdaq by 1.1% in the 4th quarter. Flagship Harbor Advisors LLC now owns 18,123 shares of the financial services provider's stock valued at $1,401,000 after purchasing an additional 193 shares during the period. Olstein Capital Management L.P. increased its position in Nasdaq by 35.6% during the fourth quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider's stock worth $6,185,000 after buying an additional 21,000 shares during the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Nasdaq in the fourth quarter valued at about $309,000. 72.47% of the stock is owned by institutional investors.

Nasdaq Trading Down 0.6%

Shares of NDAQ stock traded down $0.51 on Wednesday, hitting $82.55. 2,035,298 shares of the company's stock traded hands, compared to its average volume of 2,939,787. The stock has a market capitalization of $47.39 billion, a price-to-earnings ratio of 43.00, a P/E/G ratio of 2.12 and a beta of 1.00. The company's fifty day simple moving average is $76.01 and its 200 day simple moving average is $78.20. Nasdaq, Inc. has a one year low of $58.28 and a one year high of $84.15. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results 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 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%. Nasdaq's revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 EPS. Equities analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.08 annualized dividend and a yield of 1.31%. This is a boost from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio is presently 49.09%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NDAQ shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $95.00 target price on shares of Nasdaq in a report on Thursday, April 10th. Piper Sandler lifted 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. UBS Group reissued a "cautious" rating on shares of Nasdaq in a research note on Monday, April 28th. Barclays reduced their target price on Nasdaq from $86.00 to $84.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Finally, Wall Street Zen upgraded Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. One 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's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $86.50.

Insiders Place Their Bets

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of Nasdaq 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 sale, the executive vice president now directly owns 59,694 shares of the company's stock, valued at approximately $4,398,253.92. The trade was a 20.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Bryan Everard Smith sold 657 shares of the firm'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 value 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. The trade was a 1.05% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.70% of the company's stock.

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.