Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Stevens Capital Management LP

Stevens Capital Management LP cut its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 49.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,896 shares of the financial services provider’s stock after selling 5,751 shares during the period. Stevens Capital Management LP’s holdings in Nasdaq were worth $343,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NDAQ. CWM LLC grew its stake in shares of Nasdaq by 6.5% in the third quarter. CWM LLC now owns 11,683 shares of the financial services provider’s stock worth $568,000 after purchasing an additional 714 shares during the last quarter. Czech National Bank lifted its stake in shares of Nasdaq by 47.8% in the third quarter. Czech National Bank now owns 59,251 shares of the financial services provider’s stock worth $2,879,000 after buying an additional 19,165 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Nasdaq by 9.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 153,984 shares of the financial services provider’s stock worth $7,482,000 after acquiring an additional 13,899 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Nasdaq by 28.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 1,116,819 shares of the financial services provider’s stock worth $54,266,000 after acquiring an additional 250,238 shares during the last quarter. Finally, Ridgewood Investments LLC lifted its stake in Nasdaq by 10.3% during the 3rd quarter. Ridgewood Investments LLC now owns 25,743 shares of the financial services provider’s stock valued at $1,251,000 after acquiring an additional 2,403 shares during the period. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NDAQ. Keefe, Bruyette & Woods reduced their price target on shares of Nasdaq from $75.00 to $74.00 and set an “outperform” rating on the stock in a research report on Friday. Morgan Stanley raised Nasdaq from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $59.00 to $80.00 in a research note on Tuesday, April 9th. Oppenheimer upped their price objective on Nasdaq from $65.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Finally, Rosenblatt Securities reduced their price objective on Nasdaq from $82.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Nasdaq has a consensus rating of “Moderate Buy” and an average target price of $66.92.

Insider Buying and Selling at Nasdaq

In other news, EVP Bryan Everard Smith sold 7,400 shares of Nasdaq stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.91, for a total value of $465,534.00. Following the completion of the sale, the executive vice president now directly owns 61,672 shares in the company, valued at $3,879,785.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Nasdaq news, EVP Bryan Everard Smith sold 7,400 shares of Nasdaq stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.91, for a total transaction of $465,534.00. Following the transaction, the executive vice president now owns 61,672 shares of the company’s stock, valued at approximately $3,879,785.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of Nasdaq stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the completion of the sale, the insider now directly owns 58,341,545 shares in the company, valued at approximately $3,383,809,610. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

Nasdaq Trading Down 0.3 %

NASDAQ NDAQ traded down $0.17 during trading on Friday, hitting $60.12. The stock had a trading volume of 4,792,085 shares, compared to its average volume of 3,181,565. The firm has a 50 day moving average price of $59.84 and a 200 day moving average price of $56.39. The company has a market capitalization of $34.58 billion, a PE ratio of 28.48, a PEG ratio of 2.82 and a beta of 0.93. Nasdaq, Inc. has a twelve month low of $46.88 and a twelve month high of $64.25. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.94.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. Nasdaq’s revenue was up 22.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 earnings per share. As a group, equities research analysts forecast that Nasdaq, Inc. will post 2.75 earnings per share for the current year.

Nasdaq Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, June 14th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a yield of 1.60%. Nasdaq’s dividend payout ratio is 41.71%.

About Nasdaq

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.