Keynote Financial Services LLC Sells 200 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Keynote Financial Services LLC reduced its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,208 shares of the financial services provider’s stock after selling 200 shares during the period. Keynote Financial Services LLC’s holdings in Nasdaq were worth $325,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP raised its position in Nasdaq by 163.3% in the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock worth $2,835,235,000 after purchasing an additional 24,084,154 shares during the period. Mizuho Securities USA LLC increased its holdings in shares of Nasdaq by 13,532.3% in the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock worth $292,040,000 after buying an additional 3,970,658 shares during the period. State Street Corp lifted its stake in shares of Nasdaq by 11.2% in the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock valued at $1,310,653,000 after acquiring an additional 1,811,616 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Nasdaq during the 4th quarter valued at about $110,867,000. Finally, Harris Associates L P grew its position in Nasdaq by 14.6% during the 3rd quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock worth $627,596,000 after acquiring an additional 1,096,090 shares during the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the transaction, the executive vice president now owns 55,576 shares of the company’s stock, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NDAQ shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 price objective on shares of Nasdaq in a research report on Thursday, January 30th. Raymond James increased their price target on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. UBS Group raised their price target on shares of Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. Finally, JPMorgan Chase & Co. raised their target price on Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $86.88.

Nasdaq Trading Up 2.5 %

NDAQ opened at $82.78 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a 52 week low of $55.51 and a 52 week high of $84.15. The stock has a market cap of $47.61 billion, a PE ratio of 43.11, a PEG ratio of 2.12 and a beta of 0.99. The business has a 50 day moving average of $79.84 and a 200-day moving average of $76.93.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Equities research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

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 given a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.16%. Nasdaq’s dividend payout ratio (DPR) is currently 50.00%.

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.