Sherbrooke Park Advisers LLC Sells 4,687 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Sherbrooke Park Advisers LLC cut its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 49.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,887 shares of the financial services provider's stock after selling 4,687 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in Nasdaq were worth $378,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Rafferty Asset Management LLC boosted its position in Nasdaq by 4.1% in the 4th quarter. Rafferty Asset Management LLC now owns 145,996 shares of the financial services provider's stock valued at $11,287,000 after buying an additional 5,698 shares during the last quarter. Raiffeisen Bank International AG acquired a new position in Nasdaq in the fourth quarter valued at approximately $344,000. Point72 Europe London LLP lifted its holdings in Nasdaq by 126.5% in the fourth quarter. Point72 Europe London LLP now owns 94,000 shares of the financial services provider's stock valued at $7,267,000 after buying an additional 52,500 shares during the period. Polar Capital Holdings Plc lifted its holdings in Nasdaq by 8.5% in the fourth quarter. Polar Capital Holdings Plc now owns 218,601 shares of the financial services provider's stock valued at $16,900,000 after buying an additional 17,099 shares during the period. Finally, Prana Capital Management LP increased its stake in shares of Nasdaq by 128.8% in the 4th quarter. Prana Capital Management LP now owns 1,351,248 shares of the financial services provider's stock valued at $104,465,000 after acquiring an additional 760,711 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NDAQ. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $95.00 price target on shares of Nasdaq in a research note on Thursday, April 10th. Citigroup cut their price objective on shares of Nasdaq from $84.00 to $75.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Barclays lowered their price objective on shares of Nasdaq from $86.00 to $84.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Keefe, Bruyette & Woods lifted their price objective on shares of Nasdaq from $87.00 to $88.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Finally, Redburn Atlantic upgraded shares of 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $86.50.

Insider Buying and Selling

In other news, EVP Bryan Everard Smith sold 657 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the sale, the executive vice president now directly owns 61,980 shares of the company's stock, valued at approximately $4,450,783.80. This represents a 1.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 sale, the executive vice president now directly owns 59,694 shares of the company's stock, valued at approximately $4,398,253.92. This trade represents a 20.04% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ traded down $0.13 during midday trading on Tuesday, hitting $81.83. 2,071,563 shares of the company's stock were exchanged, compared to its average volume of 2,907,208. 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 12 month low of $58.28 and a 12 month high of $84.15. The company's 50 day moving average price is $75.37 and its 200 day moving average price is $78.04. The firm has a market capitalization of $46.98 billion, a PE ratio of 42.62, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. The firm had revenue of $1.24 billion during 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%. The business's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the business posted $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 declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.32%. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, June 13th. Nasdaq's dividend payout ratio (DPR) is currently 49.09%.

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.