Hartford Investment Management Co. Has $1.99 Million Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Hartford Investment Management Co. lowered its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,700 shares of the financial services provider’s stock after selling 498 shares during the quarter. Hartford Investment Management Co.’s holdings in Nasdaq were worth $1,987,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Olstein Capital Management L.P. grew its holdings in shares of Nasdaq by 35.6% during the fourth quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider’s stock valued at $6,185,000 after buying an additional 21,000 shares during the last quarter. Pacer Advisors Inc. lifted its position in Nasdaq by 75.7% in the 4th quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock valued at $4,170,000 after acquiring an additional 23,244 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Nasdaq by 26.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider’s stock valued at $3,454,000 after purchasing an additional 9,130 shares during the last quarter. USA Financial Formulas bought a new stake in Nasdaq during the 4th quarter worth approximately $856,000. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Nasdaq by 49.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 164,179 shares of the financial services provider’s stock worth $11,987,000 after purchasing an additional 54,594 shares during the last quarter. Institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling

In related news, EVP Jeremy Skule sold 12,075 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction of $950,906.25. Following the sale, the executive vice president now directly owns 102,505 shares in the company, valued at approximately $8,072,268.75. The trade was a 10.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the sale, the executive vice president now directly owns 55,576 shares in the company, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NDAQ shares. Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and lifted their target price for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. Morgan Stanley lifted their price objective on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Argus increased their target price on shares of Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Oppenheimer boosted their price target on shares of Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. Finally, Raymond James upped their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and an average price target of $86.88.

Nasdaq Stock Up 2.2 %

Shares of NASDAQ NDAQ opened at $81.69 on Friday. 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 $46.95 billion, a PE ratio of 42.55, a P/E/G ratio of 2.15 and a beta of 0.99. Nasdaq, Inc. has a one year low of $54.90 and a one year high of $84.15. The business’s fifty day moving average price is $79.52 and its 200-day moving average price is $75.82.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. On average, equities research analysts anticipate that Nasdaq, Inc. will post 3.17 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, March 14th. Nasdaq’s payout ratio is currently 50.00%.

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.