Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC trimmed its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,308 shares of the financial services provider’s stock after selling 3,601 shares during the quarter. Kintegral Advisory LLC’s holdings in Nasdaq were worth $5,977,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Compass Capital Corp MA ADV acquired a new stake in shares of Nasdaq in the 4th quarter valued at $1,283,000. Allianz Asset Management GmbH raised its holdings in shares of Nasdaq by 34.5% in the 4th quarter. Allianz Asset Management GmbH now owns 552,681 shares of the financial services provider’s stock valued at $42,728,000 after purchasing an additional 141,750 shares in the last quarter. Waterfront Wealth Inc. raised its holdings in shares of Nasdaq by 2.0% in the 4th quarter. Waterfront Wealth Inc. now owns 18,568 shares of the financial services provider’s stock valued at $1,436,000 after purchasing an additional 368 shares in the last quarter. Handelsbanken Fonder AB raised its stake in Nasdaq by 14.2% during the 4th quarter. Handelsbanken Fonder AB now owns 1,199,696 shares of the financial services provider’s stock worth $92,748,000 after acquiring an additional 148,970 shares in the last quarter. Finally, Ieq Capital LLC raised its stake in Nasdaq by 18.7% during the 4th quarter. Ieq Capital LLC now owns 26,502 shares of the financial services provider’s stock worth $2,049,000 after acquiring an additional 4,184 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NDAQ shares. Oppenheimer raised their price objective on shares of Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Raymond James boosted their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Citigroup boosted their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. Finally, William Blair started coverage on shares of Nasdaq in a report on Monday, November 25th. They set an “outperform” rating on the stock. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

Insider Activity

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the sale, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

NDAQ opened at $81.07 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 company has a 50 day moving average of $79.63 and a two-hundred day moving average of $76.41. The company has a market cap of $46.60 billion, a P/E ratio of 42.22, a P/E/G ratio of 2.12 and a beta of 0.99.

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

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.18%. Nasdaq’s dividend payout ratio (DPR) is presently 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.