Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC decreased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 58.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 821,127 shares of the financial services provider’s stock after selling 1,167,055 shares during the period. Nasdaq comprises approximately 0.9% of Sterling Capital Management LLC’s portfolio, making the stock its 29th largest position. Sterling Capital Management LLC owned 0.14% of Nasdaq worth $63,481,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. XTX Topco Ltd acquired a new position in Nasdaq during the 3rd quarter worth $208,000. MML Investors Services LLC raised its holdings in Nasdaq by 34.4% in the third quarter. MML Investors Services LLC now owns 5,843 shares of the financial services provider’s stock valued at $427,000 after acquiring an additional 1,494 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Nasdaq by 49.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 164,179 shares of the financial services provider’s stock worth $11,987,000 after acquiring an additional 54,594 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Nasdaq by 5.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 193,315 shares of the financial services provider’s stock worth $14,114,000 after acquiring an additional 9,541 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Nasdaq by 48.9% in the 3rd quarter. Barclays PLC now owns 1,524,795 shares of the financial services provider’s stock valued at $111,325,000 after purchasing an additional 500,418 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Transactions at Nasdaq

In other news, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the transaction, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $71.81, for a total value of $47,179.17. Following the completion of the sale, the executive vice president now directly owns 61,980 shares of the company’s stock, valued at $4,450,783.80. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,116 shares of company stock worth $1,434,818. Company insiders own 0.70% of the company’s stock.

Nasdaq Stock Down 2.3 %

NDAQ opened at $70.30 on Friday. Nasdaq, Inc. has a 52 week low of $58.10 and a 52 week high of $84.15. The business has a 50 day moving average price of $77.01 and a two-hundred day moving average price of $77.43. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The company has a market cap of $40.43 billion, a PE ratio of 36.61, a P/E/G ratio of 2.12 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Friday, March 14th. Nasdaq’s dividend payout ratio (DPR) is presently 50.00%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NDAQ. Piper Sandler boosted their target price on shares of Nasdaq from $80.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a report on Thursday. Citigroup dropped their price objective on Nasdaq from $84.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. boosted 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. Finally, StockNews.com lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $85.88.

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.