New York State Common Retirement Fund Sells 32,247 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

New York State Common Retirement Fund lowered its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 7.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 373,482 shares of the financial services provider's stock after selling 32,247 shares during the quarter. New York State Common Retirement Fund owned about 0.06% of Nasdaq worth $21,714,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in NDAQ. Loomis Sayles & Co. L P purchased a new position in shares of Nasdaq in the 3rd quarter valued at about $26,000. Turtle Creek Wealth Advisors LLC purchased a new position in Nasdaq during the 4th quarter worth approximately $29,000. Carmel Capital Partners LLC purchased a new position in Nasdaq during the 3rd quarter worth approximately $32,000. Allworth Financial LP grew its stake in Nasdaq by 74.9% during the 4th quarter. Allworth Financial LP now owns 815 shares of the financial services provider's stock worth $47,000 after buying an additional 349 shares during the last quarter. Finally, Lindbrook Capital LLC grew its stake in Nasdaq by 158.5% during the 4th quarter. Lindbrook Capital LLC now owns 902 shares of the financial services provider's stock worth $52,000 after buying an additional 553 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company's stock.

Nasdaq Price Performance

NDAQ stock traded down $0.17 during midday trading on Friday, hitting $60.12. 4,792,137 shares of the stock were exchanged, compared to its average volume of 2,934,295. The stock's 50-day moving average price is $59.93 and its 200-day moving average price is $56.55. The stock has a market cap of $34.58 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 2.76 and a beta of 0.93. Nasdaq, Inc. has a fifty-two week low of $46.88 and a fifty-two week high of $64.25. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.01 and a current ratio of 0.99.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.02). The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. Nasdaq had a return on equity of 17.00% and a net margin of 15.98%. The business's revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 earnings per share. Research analysts predict that Nasdaq, Inc. will post 2.71 earnings per share for the current year.

Nasdaq Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.24 per share. This is an increase from Nasdaq's previous quarterly dividend of $0.22. The ex-dividend date is Friday, June 14th. This represents a $0.96 annualized dividend and a yield of 1.60%. Nasdaq's dividend payout ratio (DPR) is presently 50.53%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NDAQ shares. Barclays dropped their price target on Nasdaq from $76.00 to $73.00 and set an "overweight" rating on the stock in a research note on Friday. Piper Sandler raised their price target on Nasdaq from $70.00 to $71.00 and gave the stock an "overweight" rating in a research note on Thursday, February 1st. UBS Group increased their price objective on Nasdaq from $56.00 to $60.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 24th. Edward Jones began coverage on Nasdaq in a research report on Wednesday, April 3rd. They set a "buy" rating for the company. Finally, The Goldman Sachs Group raised Nasdaq from a "neutral" rating to a "buy" rating and set a $73.00 price objective for the company in a research report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $66.92.

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.