Pathstone Holdings LLC Lowers Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Pathstone Holdings LLC trimmed its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 388,168 shares of the financial services provider's stock after selling 15,873 shares during the period. Pathstone Holdings LLC owned about 0.07% of Nasdaq worth $30,009,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Olstein Capital Management L.P. increased its holdings in shares of Nasdaq by 35.6% in the fourth quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider's stock worth $6,185,000 after purchasing an additional 21,000 shares during the last quarter. NINE MASTS CAPITAL Ltd bought a new stake in shares of Nasdaq in the fourth quarter worth about $274,000. Pacer Advisors Inc. increased its holdings in shares of Nasdaq by 75.7% in the fourth quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider's stock worth $4,170,000 after purchasing an additional 23,244 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Nasdaq by 892.3% during the fourth quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider's stock worth $4,689,000 after acquiring an additional 54,535 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Nasdaq by 26.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider's stock worth $3,454,000 after acquiring an additional 9,130 shares during the last quarter. 72.47% of the stock is owned by institutional investors.

Nasdaq Trading Up 1.0%

Shares of NASDAQ NDAQ opened at $81.57 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The stock has a market capitalization of $46.83 billion, a P/E ratio of 42.48, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00. Nasdaq, Inc. has a 1-year low of $58.28 and a 1-year high of $84.15. The business has a fifty day moving average price of $74.51 and a 200 day moving average price of $77.81.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. The business had revenue of $1.24 billion during 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 company's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company earned $0.63 earnings per share. Equities research analysts expect that Nasdaq, Inc. will post 3.18 EPS 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 yield of 1.32%. The ex-dividend date of this dividend is Friday, June 13th. This is an increase from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio (DPR) is currently 49.09%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on NDAQ shares. Redburn Atlantic raised 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. StockNews.com raised Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. JPMorgan Chase & Co. upped 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. UBS Group reaffirmed a "cautious" rating on shares of Nasdaq in a research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods increased their price objective on Nasdaq from $87.00 to $88.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, Nasdaq has a consensus rating of "Moderate Buy" and an average price target of $86.50.

Insider Transactions at Nasdaq

In related news, EVP Bryan Everard Smith sold 657 shares of the firm's 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 sale, the executive vice president now directly owns 61,980 shares of the company's stock, valued at $4,450,783.80. This trade represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of the firm'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 value of $1,102,179.12. Following the completion of the sale, the executive vice president now directly owns 59,694 shares in the company, valued at approximately $4,398,253.92. The trade was a 20.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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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