Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC trimmed its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 7.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,704 shares of the financial services provider’s stock after selling 869 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Nasdaq were worth $828,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NDAQ. Janney Montgomery Scott LLC boosted its holdings in Nasdaq by 12.2% in the third quarter. Janney Montgomery Scott LLC now owns 42,828 shares of the financial services provider’s stock valued at $3,127,000 after purchasing an additional 4,651 shares in the last quarter. Equitable Trust Co. purchased a new position in Nasdaq in the third quarter worth $206,000. Assetmark Inc. raised its position in Nasdaq by 4.9% in the third quarter. Assetmark Inc. now owns 20,869 shares of the financial services provider’s stock worth $1,524,000 after acquiring an additional 984 shares in the last quarter. Atria Investments Inc raised its position in Nasdaq by 23.5% in the third quarter. Atria Investments Inc now owns 31,665 shares of the financial services provider’s stock worth $2,312,000 after acquiring an additional 6,035 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in Nasdaq by 8.9% in the third quarter. Crossmark Global Holdings Inc. now owns 28,343 shares of the financial services provider’s stock worth $2,070,000 after acquiring an additional 2,317 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Nasdaq

In other Nasdaq 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 sale, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $74.66 on Monday. The business’s 50-day moving average price is $79.78 and its 200 day moving average price is $77.27. Nasdaq, Inc. has a twelve month low of $57.96 and a twelve month high of $84.15. The company has a market capitalization of $42.94 billion, a PE ratio of 38.89, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping 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, research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.29%. Nasdaq’s payout ratio is currently 50.00%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NDAQ. Barclays cut their price objective on Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Keefe, Bruyette & Woods upped their target price on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 target price on shares of Nasdaq in a report on Thursday, January 30th. Oppenheimer increased their price objective on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Finally, UBS Group increased their price objective on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $86.88.

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.