Segall Bryant & Hamill LLC Sells 15,360 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Segall Bryant & Hamill LLC lessened its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 13.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 97,266 shares of the financial services provider's stock after selling 15,360 shares during the period. Segall Bryant & Hamill LLC's holdings in Nasdaq were worth $7,379,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Grove Bank & Trust grew its position in shares of Nasdaq by 194.6% during the 1st quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 216 shares during the period. Highline Wealth Partners LLC boosted its holdings in Nasdaq by 1,509.5% in the 1st 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 period. Opal Wealth Advisors LLC purchased a new stake in Nasdaq in the 1st quarter worth approximately $26,000. First Command Advisory Services Inc. purchased a new stake in Nasdaq in the 1st quarter worth approximately $30,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Nasdaq in the 4th quarter worth $37,000. Institutional investors and hedge funds own 72.47% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on NDAQ shares. Barclays increased their price target on shares of Nasdaq from $84.00 to $101.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. The Goldman Sachs Group lifted their price target on shares of Nasdaq from $85.00 to $97.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Oppenheimer reiterated an "outperform" rating and issued a $101.00 price target (up from $96.00) on shares of Nasdaq in a research note on Tuesday. Keefe, Bruyette & Woods upped their price target on shares of Nasdaq from $87.00 to $88.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Finally, Citigroup reissued a "neutral" rating on shares of Nasdaq in a report on Wednesday, July 9th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $92.63.

Nasdaq Price Performance

Nasdaq stock traded down $0.58 during trading hours on Friday, hitting $89.37. The stock had a trading volume of 7,142,286 shares, compared to its average volume of 3,100,541. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $51.31 billion, a price-to-earnings ratio of 40.62, a PEG ratio of 2.16 and a beta of 1.01. Nasdaq, Inc. has a 1-year low of $62.21 and a 1-year high of $90.84. The stock's fifty day moving average is $85.91 and its two-hundred day moving average is $80.13.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Nasdaq had a return on equity of 15.38% and a net margin of 16.36%. The business's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.63 earnings per share. As a group, analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, June 13th. This is an increase from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 1.21%. Nasdaq's dividend payout ratio is 49.09%.

Insider Transactions at Nasdaq

In related news, insider Pc Nelson Griggs sold 8,000 shares of the firm'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 sale, the insider directly owned 211,405 shares in the company, valued at approximately $17,552,957.15. This trade represents a 3.65% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jeremy Skule sold 2,105 shares of the firm's stock in a transaction dated 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 owned 94,656 shares in the company, valued at approximately $8,440,475.52. The trade was a 2.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,613 shares of company stock worth $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.