Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA reduced its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 8.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,805 shares of the financial services provider’s stock after selling 3,669 shares during the period. Glenmede Trust Co. NA’s holdings in Nasdaq were worth $2,906,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Citizens Financial Group Inc. RI raised its position in Nasdaq by 3.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 137 shares in the last quarter. First Pacific Financial increased its stake in shares of Nasdaq by 1.0% during the third quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock worth $1,011,000 after buying an additional 142 shares during the period. Crestwood Advisors Group LLC raised its holdings in Nasdaq by 4.2% in the third quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 149 shares in the last quarter. Kentucky Retirement Systems lifted its stake in Nasdaq by 0.5% in the third quarter. Kentucky Retirement Systems now owns 28,828 shares of the financial services provider’s stock worth $2,105,000 after acquiring an additional 154 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in Nasdaq by 2.5% during the 3rd quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock worth $481,000 after acquiring an additional 162 shares in the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ opened at $82.99 on Friday. Nasdaq, Inc. has a one year low of $53.62 and a one year high of $83.77. The stock has a market capitalization of $47.70 billion, a price-to-earnings ratio of 49.69, a PEG ratio of 3.23 and a beta of 0.95. The company has a 50-day simple moving average of $76.02 and a 200-day simple moving average of $68.81. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the business earned $0.71 EPS. The firm’s revenue was up 21.9% compared to the same quarter last year. On average, analysts predict that Nasdaq, Inc. will post 2.79 EPS for the current year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.24 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a yield of 1.16%. Nasdaq’s dividend payout ratio (DPR) is 57.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Bank of America decreased their price objective on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $88.00 price objective on shares of Nasdaq in a research report on Tuesday, November 19th. Morgan Stanley raised their target price on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Oppenheimer upped their price target on Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Raymond James raised shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price objective on the stock in a report on Monday, October 14th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and an average price target of $80.87.

Insider Buying and Selling at Nasdaq

In related news, insider Pc Nelson Griggs sold 6,000 shares of Nasdaq stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.71, for a total value of $454,260.00. Following the sale, the insider now directly owns 215,563 shares in the company, valued at $16,320,274.73. The trade was a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of the sale, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. This trade represents a 8.72 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,459 shares of company stock valued at $3,811,808. 0.70% of the stock is owned by company insiders.

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.