Frontier Capital Management Co. LLC Has $19.76 Million Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Frontier Capital Management Co. LLC trimmed its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 255,600 shares of the financial services provider's stock after selling 15,956 shares during the period. Frontier Capital Management Co. LLC's holdings in Nasdaq were worth $19,760,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. purchased a new stake in shares of Nasdaq during the 4th quarter worth about $26,000. Founders Capital Management purchased a new stake in Nasdaq during the fourth quarter worth approximately $27,000. Kestra Investment Management LLC acquired a new stake in shares of Nasdaq in the fourth quarter worth $33,000. Raleigh Capital Management Inc. boosted its position in Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider's stock worth $34,000 after purchasing an additional 225 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new position in Nasdaq in the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 72.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NDAQ shares. JPMorgan Chase & Co. increased their target price on Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. 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 research note on Thursday, April 17th. UBS Group reissued a "cautious" rating on shares of Nasdaq in a research report on Monday, April 28th. Citigroup dropped their price target on shares of Nasdaq from $84.00 to $75.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $95.00 price target on shares of Nasdaq in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $86.50.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the company's stock in a transaction on Monday, March 17th. The stock was 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 of the company's stock, valued at $4,398,253.92. This represents a 20.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of Nasdaq stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the completion of the sale, the executive vice president now owns 61,980 shares of the company's stock, valued at $4,450,783.80. This trade represents a 1.05% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company's stock.

Nasdaq Price Performance

NASDAQ:NDAQ traded down $0.41 during mid-day trading on Wednesday, reaching $81.16. 6,251,842 shares of the company were exchanged, compared to its average volume of 2,866,255. The company has a fifty day moving average of $74.51 and a 200 day moving average of $77.81. Nasdaq, Inc. has a 12 month low of $58.28 and a 12 month high of $84.15. 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 $46.60 billion, a PE ratio of 42.27, a PEG ratio of 2.12 and a beta of 1.00.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $1.22 billion. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. The firm's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.63 EPS. On average, research analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.27 dividend. This is a boost from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.08 annualized dividend and a yield of 1.33%. Nasdaq's payout ratio is presently 49.09%.

About Nasdaq

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.