Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lessened its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,199,020 shares of the financial services provider's stock after selling 1,390,950 shares during the period. Massachusetts Financial Services Co. MA owned about 4.19% of Nasdaq worth $1,406,931,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Coldstream Capital Management Inc. raised its position in shares of Nasdaq by 5.6% in the third quarter. Coldstream Capital Management Inc. now owns 4,788 shares of the financial services provider's stock valued at $233,000 after buying an additional 255 shares during the last quarter. State of Michigan Retirement System raised its position in shares of Nasdaq by 0.3% in the fourth quarter. State of Michigan Retirement System now owns 93,190 shares of the financial services provider's stock valued at $5,418,000 after buying an additional 300 shares during the last quarter. Arizona State Retirement System raised its position in shares of Nasdaq by 0.3% in the third quarter. Arizona State Retirement System now owns 93,723 shares of the financial services provider's stock valued at $4,554,000 after buying an additional 306 shares during the last quarter. Avitas Wealth Management LLC increased its position in Nasdaq by 1.7% during the fourth quarter. Avitas Wealth Management LLC now owns 19,094 shares of the financial services provider's stock worth $1,110,000 after purchasing an additional 315 shares during the last quarter. Finally, Allworth Financial LP increased its position in Nasdaq by 74.9% during the fourth quarter. Allworth Financial LP now owns 815 shares of the financial services provider's stock worth $47,000 after purchasing an additional 349 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company's stock.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,036 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.89, for a total transaction of $181,826.04. Following the transaction, the executive vice president now owns 58,636 shares of the company's stock, valued at approximately $3,511,710.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the firm's stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the transaction, the insider now owns 58,341,545 shares of the company's stock, valued at $3,383,809,610. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bryan Everard Smith sold 3,036 shares of Nasdaq stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $59.89, for a total value of $181,826.04. Following the completion of the transaction, the executive vice president now owns 58,636 shares of the company's stock, valued at $3,511,710.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,010,436 shares of company stock valued at $1,798,647,360. Insiders own 0.75% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NDAQ. Morgan Stanley raised shares of Nasdaq from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $59.00 to $80.00 in a research report on Tuesday, April 9th. Edward Jones initiated coverage on shares of Nasdaq in a report on Wednesday, April 3rd. They issued a "buy" rating on the stock. Oppenheimer boosted their price objective on shares of Nasdaq from $65.00 to $68.00 and gave the stock an "outperform" rating in a research note on Thursday, February 1st. Piper Sandler lifted their target price on shares of Nasdaq from $70.00 to $71.00 and gave the company an "overweight" rating in a report on Thursday, February 1st. Finally, UBS Group upped their price target 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.92.

Nasdaq Stock Up 0.8 %

Shares of Nasdaq stock traded up $0.48 during trading hours on Friday, hitting $60.66. 1,761,826 shares of the company's stock traded hands, compared to its average volume of 3,238,645. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.90. Nasdaq, Inc. has a twelve month low of $46.88 and a twelve month high of $64.25. The stock has a 50 day simple moving average of $60.77 and a 200-day simple moving average of $57.27. The company has a market cap of $34.89 billion, a PE ratio of 31.93, a PEG ratio of 3.35 and a beta of 0.94.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its earnings results on Thursday, April 25th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.02). Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company earned $0.69 earnings per share. The business's revenue for the quarter was up 22.2% on a year-over-year basis. Equities research analysts anticipate that Nasdaq, Inc. will post 2.69 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.24 per share. This is a positive change from Nasdaq's previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 1.58%. The ex-dividend date is Friday, June 14th. Nasdaq's dividend payout ratio (DPR) is currently 46.32%.

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.

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