Nasdaq, Inc. $NDAQ Shares Sold by Prudential PLC

Prudential PLC lowered its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 88.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,160 shares of the financial services provider’s stock after selling 87,018 shares during the period. Prudential PLC’s holdings in Nasdaq were worth $1,084,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of NDAQ. SOA Wealth Advisors LLC. acquired a new position in shares of Nasdaq during the 4th quarter worth about $34,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Nasdaq during the 4th quarter worth about $37,000. Elyxium Wealth LLC acquired a new position in shares of Nasdaq during the 4th quarter worth about $44,000. Community Bank N.A. acquired a new position in shares of Nasdaq during the 3rd quarter worth about $45,000. Finally, Geneos Wealth Management Inc. raised its position in shares of Nasdaq by 345.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 463 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $87.28 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a 52 week low of $77.09 and a 52 week high of $101.79. The stock has a market capitalization of $49.36 billion, a PE ratio of 26.29, a P/E/G ratio of 1.74 and a beta of 0.97. The firm has a 50 day moving average of $88.52 and a two-hundred day moving average of $90.09.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. Nasdaq had a net margin of 23.15% and a return on equity of 17.51%. The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the company posted $0.79 EPS. The firm’s revenue was up 13.7% compared to the same quarter last year. On average, research analysts predict that Nasdaq, Inc. will post 3.86 EPS for the current fiscal year.

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a dividend of $0.31 per share. This is an increase from Nasdaq’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.24 annualized dividend and a dividend yield of 1.4%. Nasdaq’s dividend payout ratio is presently 32.53%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Loop Capital set a $113.00 price target on shares of Nasdaq in a research report on Friday, April 24th. Argus raised shares of Nasdaq to a “strong-buy” rating in a research note on Wednesday, February 11th. Wall Street Zen raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Barclays increased their price target on shares of Nasdaq from $115.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Finally, TD Cowen raised shares of Nasdaq from a “hold” rating to a “buy” rating and increased their price target for the company from $105.00 to $106.00 in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $107.15.

Insider Activity

In other news, SVP Michelle Lynn Daly sold 1,323 shares of Nasdaq stock in a transaction on Friday, April 24th. The shares were sold at an average price of $88.82, for a total transaction of $117,508.86. Following the completion of the sale, the senior vice president directly owned 10,089 shares of the company’s stock, valued at approximately $896,104.98. The trade was a 11.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bradley J. Peterson sold 7,710 shares of Nasdaq stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $90.82, for a total transaction of $700,222.20. Following the sale, the executive vice president directly owned 141,035 shares of the company’s stock, valued at approximately $12,808,798.70. This trade represents a 5.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 138,162 shares of company stock valued at $11,932,913 in the last 90 days. Company insiders own 0.60% of the company’s stock.

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.