Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH reduced its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 98.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 759 shares of the financial services provider’s stock after selling 40,572 shares during the period. Siemens Fonds Invest GmbH’s holdings in Nasdaq were worth $59,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in NDAQ. Rakuten Securities Inc. acquired a new stake in shares of Nasdaq during the fourth quarter worth $26,000. Kestra Investment Management LLC acquired a new position in Nasdaq during the fourth quarter valued at $33,000. Raleigh Capital Management Inc. lifted its position in Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 225 shares during the period. Kapitalo Investimentos Ltda acquired a new position in Nasdaq during the fourth quarter valued at $37,000. Finally, TCTC Holdings LLC acquired a new position in Nasdaq during the fourth quarter valued at $41,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Stock Up 0.8%

Shares of NASDAQ NDAQ opened at $81.90 on Monday. Nasdaq, Inc. has a 12-month low of $58.28 and a 12-month high of $84.15. The stock has a market cap of $47.02 billion, a PE ratio of 42.66, a P/E/G ratio of 2.12 and a beta of 1.00. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The company has a 50-day moving average of $75.00 and a 200 day moving average of $77.96.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the company earned $0.63 EPS. Nasdaq’s revenue was up 10.7% compared to the same quarter last year. As a group, sell-side analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from Nasdaq’s previous quarterly dividend of $0.24. Nasdaq’s dividend payout ratio is currently 49.09%.

Wall Street Analyst Weigh In

NDAQ has been the subject of a number of research reports. Oppenheimer decreased their target price on shares of Nasdaq from $89.00 to $85.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Morgan Stanley downgraded shares of Nasdaq from an “overweight” rating to an “equal weight” rating and set a $74.00 price objective for the company. in a research report on Tuesday, April 8th. Piper Sandler upped their price objective on shares of Nasdaq from $80.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 8th. Bank of America upped their price objective on shares of Nasdaq from $103.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, April 2nd. Finally, UBS Group reiterated a “cautious” rating on shares of Nasdaq in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.50.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were 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 in the company, valued at $4,398,253.92. The trade was a 20.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Bryan Everard Smith sold 657 shares of the business’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $71.81, for a total transaction of $47,179.17. Following the completion of the transaction, the executive vice president now owns 61,980 shares in the company, valued at $4,450,783.80. The trade was a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate 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.