Nasdaq, Inc. (NASDAQ:NDAQ) Stock Holdings Lowered by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lessened its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 33.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 171,827 shares of the financial services provider's stock after selling 87,122 shares during the period. DekaBank Deutsche Girozentrale's holdings in Nasdaq were worth $9,946,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P acquired a new position in shares of Nasdaq in the third quarter worth $26,000. Carmel Capital Partners LLC acquired a new position in shares of Nasdaq in the third quarter worth $32,000. Harbour Investments Inc. grew its stake in shares of Nasdaq by 250.6% in the fourth quarter. Harbour Investments Inc. now owns 547 shares of the financial services provider's stock worth $34,000 after acquiring an additional 391 shares in the last quarter. Clear Street Markets LLC grew its stake in shares of Nasdaq by 93.9% in the first quarter. Clear Street Markets LLC now owns 665 shares of the financial services provider's stock worth $36,000 after acquiring an additional 322 shares in the last quarter. Finally, RVW Wealth LLC purchased a new stake in shares of Nasdaq during the 3rd quarter worth $44,000. Institutional investors and hedge funds own 72.47% of the company's stock.

Insider Buying and Selling at Nasdaq

In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business's stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the transaction, the insider now directly owns 58,341,545 shares in the company, valued at $3,383,809,610. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business's stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the transaction, the insider now directly owns 58,341,545 shares in the company, valued at $3,383,809,610. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Bryan Everard Smith sold 7,400 shares of the business's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.91, for a total transaction of $465,534.00. Following the transaction, the executive vice president now owns 61,672 shares in the company, valued at $3,879,785.52. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.

Nasdaq Stock Performance

NASDAQ NDAQ traded down $0.55 during trading on Wednesday, reaching $63.01. The company's stock had a trading volume of 2,675,431 shares, compared to its average volume of 3,125,294. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $36.24 billion, a price-to-earnings ratio of 29.86, a P/E/G ratio of 2.93 and a beta of 0.93. Nasdaq, Inc. has a twelve month low of $46.88 and a twelve month high of $64.25. The business's fifty day moving average price is $58.86 and its 200-day moving average price is $55.50.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. Nasdaq's quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 earnings per share. As a group, analysts anticipate that Nasdaq, Inc. will post 2.75 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.22 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.88 dividend on an annualized basis and a yield of 1.40%. Nasdaq's dividend payout ratio is presently 41.71%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NDAQ. Rosenblatt Securities reaffirmed a "buy" rating and set a $82.00 price objective on shares of Nasdaq in a research report on Thursday, February 1st. Edward Jones began coverage on shares of Nasdaq in a research report on Wednesday, April 3rd. They set a "buy" rating for the company. UBS Group lifted their price objective on shares of Nasdaq from $56.00 to $60.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 24th. Citigroup lifted their price objective on shares of Nasdaq from $56.00 to $63.00 and gave the stock a "neutral" rating in a research report on Friday, January 12th. Finally, Morgan Stanley raised shares of Nasdaq from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $59.00 to $80.00 in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $66.20.

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.