Nasdaq, Inc. (NASDAQ:NDAQ) Stake Reduced by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. trimmed its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 3.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,486 shares of the financial services provider’s stock after selling 266 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Nasdaq were worth $501,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NDAQ. Congress Wealth Management LLC DE lifted its position in Nasdaq by 3.8% in the 4th quarter. Congress Wealth Management LLC DE now owns 7,464 shares of the financial services provider’s stock valued at $577,000 after purchasing an additional 270 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Nasdaq by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 52,576,413 shares of the financial services provider’s stock valued at $4,064,682,000 after buying an additional 376,893 shares during the last quarter. Stevens Capital Management LP raised its holdings in shares of Nasdaq by 33.2% during the fourth quarter. Stevens Capital Management LP now owns 7,208 shares of the financial services provider’s stock valued at $557,000 after buying an additional 1,797 shares during the last quarter. LPL Financial LLC boosted its position in shares of Nasdaq by 17.9% during the fourth quarter. LPL Financial LLC now owns 441,271 shares of the financial services provider’s stock worth $34,115,000 after buying an additional 66,968 shares during the period. Finally, Guardian Partners Inc. bought a new position in Nasdaq in the 4th quarter worth approximately $3,006,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Down 1.5 %

NASDAQ:NDAQ opened at $76.36 on Friday. The business’s fifty day moving average price is $79.20 and its 200 day moving average price is $77.53. The firm has a market capitalization of $43.92 billion, a price-to-earnings ratio of 39.77, a PEG 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, Inc. has a 1-year low of $58.10 and a 1-year high of $84.15.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. On average, sell-side analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Friday, March 14th. Nasdaq’s dividend payout ratio is currently 50.00%.

Analysts Set New Price Targets

NDAQ has been the subject of a number of analyst reports. Raymond James boosted their price target on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Keefe, Bruyette & Woods upped their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Thursday. Citigroup upped their price target on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and a consensus target price of $86.88.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the transaction, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at $4,398,253.92. This represents a 20.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the sale, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

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.