Siemens Fonds Invest GmbH Reduces Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Siemens Fonds Invest GmbH trimmed its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 98.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 759 shares of the financial services provider's stock after selling 40,572 shares during the period. Siemens Fonds Invest GmbH's holdings in Nasdaq were worth $59,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Allworth Financial LP increased its stake in shares of Nasdaq by 12.3% in the 4th quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider's stock worth $104,000 after purchasing an additional 141 shares in the last quarter. Crestwood Advisors Group LLC grew its holdings in Nasdaq by 4.1% during the fourth quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider's stock valued at $295,000 after purchasing an additional 152 shares during the period. Laird Norton Wetherby Wealth Management LLC increased its position in Nasdaq by 1.0% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,303 shares of the financial services provider's stock worth $1,260,000 after buying an additional 157 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Nasdaq by 4.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 4,103 shares of the financial services provider's stock worth $317,000 after buying an additional 164 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of Nasdaq by 10.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,048 shares of the financial services provider's stock worth $159,000 after buying an additional 192 shares during the period. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Price Performance

Shares of NDAQ traded up $0.46 during mid-day trading on Monday, hitting $84.00. 1,941,592 shares of the stock were exchanged, compared to its average volume of 2,935,988. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The company has a market cap of $48.23 billion, a PE ratio of 43.75, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00. Nasdaq, Inc. has a 52-week low of $58.28 and a 52-week high of $84.25. The firm has a 50-day moving average of $76.38 and a two-hundred day moving average of $78.28.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the previous year, the business posted $0.63 earnings per share. Nasdaq's quarterly revenue was up 10.7% on a year-over-year basis. On average, equities analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.29%. This is a boost 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 is currently 49.09%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their target price on shares of Nasdaq from $87.00 to $88.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Royal Bank of Canada reissued an "outperform" rating and issued a $95.00 price objective on shares of Nasdaq in a research note on Thursday, April 10th. Morgan Stanley downgraded shares of Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price objective on the stock. in a research report on Tuesday, April 8th. Barclays lowered their target price on shares of Nasdaq from $86.00 to $84.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Finally, UBS Group reiterated a "cautious" rating on shares of Nasdaq in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $86.50.

Insider Activity at Nasdaq

In other news, insider Pc Nelson Griggs sold 8,000 shares of Nasdaq stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total value of $664,240.00. Following the completion of the transaction, the insider now owns 211,405 shares in the company, valued at approximately $17,552,957.15. The trade was a 3.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the transaction, the executive vice president now directly owns 59,694 shares in the company, valued at approximately $4,398,253.92. This represents a 20.04% decrease in their position. The disclosure for this sale can be found here. In 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 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.