Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Man Group plc

Man Group plc lowered its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 44.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 249,571 shares of the financial services provider's stock after selling 196,321 shares during the period. Man Group plc's holdings in Nasdaq were worth $19,294,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in Nasdaq during the 4th quarter worth $424,285,000. Ameriprise Financial Inc. raised its position in Nasdaq by 37.9% during the 4th quarter. Ameriprise Financial Inc. now owns 6,005,047 shares of the financial services provider's stock worth $464,676,000 after buying an additional 1,650,201 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in Nasdaq during the 4th quarter worth $110,867,000. Raymond James Financial Inc. purchased a new position in Nasdaq during the 4th quarter worth $105,481,000. Finally, Franklin Resources Inc. raised its position in Nasdaq by 13.4% during the 4th quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider's stock worth $802,401,000 after buying an additional 1,225,672 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company's stock.

Nasdaq Trading Up 0.8%

Shares of NDAQ opened at $81.90 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The firm's 50-day moving average is $75.00 and its two-hundred day moving average is $77.92. Nasdaq, Inc. has a twelve month low of $58.28 and a twelve month high of $84.15. The firm has a market capitalization of $47.02 billion, a P/E ratio of 42.66, a PEG ratio of 2.12 and a beta of 1.00.

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 (EPS) for the quarter, beating 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 the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm earned $0.63 earnings per share. The company's revenue for the quarter was up 10.7% compared to the same quarter last year. On average, research 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. Shareholders of record on Friday, June 13th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Friday, June 13th. This is an increase from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio is 49.09%.

Analysts Set New Price Targets

A number of equities analysts have commented on NDAQ shares. Citigroup cut their price objective on shares of Nasdaq from $84.00 to $75.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. upped their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the stock an "overweight" rating in a research report 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 for the company in a research report on Thursday, April 17th. Piper Sandler upped their price objective on shares of Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Finally, Morgan Stanley downgraded shares of Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price objective for the company. in a research report on Tuesday, April 8th. 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. Based on data from MarketBeat, Nasdaq presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.50.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 657 shares of the company's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $71.81, for a total value of $47,179.17. Following the sale, the executive vice president now owns 61,980 shares of the company's stock, valued at $4,450,783.80. This represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the company'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 transaction of $1,102,179.12. Following the transaction, the executive vice president now directly owns 59,694 shares in the company, valued at $4,398,253.92. The trade was a 20.04% 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.

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