Cerity Partners LLC Sells 3,992 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Cerity Partners LLC trimmed its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 3.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 113,866 shares of the financial services provider’s stock after selling 3,992 shares during the period. Cerity Partners LLC’s holdings in Nasdaq were worth $8,354,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Olstein Capital Management L.P. raised its holdings in Nasdaq by 35.6% in the 4th quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider’s stock valued at $6,185,000 after acquiring an additional 21,000 shares in the last quarter. NINE MASTS CAPITAL Ltd acquired a new stake in shares of Nasdaq during the 4th quarter worth $274,000. Pacer Advisors Inc. increased its position in shares of Nasdaq by 75.7% in the fourth quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock worth $4,170,000 after purchasing an additional 23,244 shares during the period. Teacher Retirement System of Texas raised its stake in Nasdaq by 892.3% in the fourth quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider’s stock valued at $4,689,000 after purchasing an additional 54,535 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Nasdaq by 26.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider’s stock worth $3,454,000 after purchasing an additional 9,130 shares during the period. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Stock Performance

Shares of Nasdaq stock opened at $71.53 on Friday. The stock has a market cap of $41.14 billion, a price-to-earnings ratio of 37.26, a P/E/G ratio of 2.12 and a beta of 1.02. Nasdaq, Inc. has a twelve month low of $58.10 and a twelve month high of $84.15. The company’s fifty day moving average is $76.80 and its 200 day moving average is $77.42. 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 (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 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%. Sell-side analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.34%. Nasdaq’s payout ratio is 50.00%.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 59,694 shares in the company, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the transaction, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,116 shares of company stock worth $1,434,818. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Raymond James increased their price target on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price objective on shares of Nasdaq in a research report on Thursday. Morgan Stanley downgraded Nasdaq from an “overweight” rating to an “equal weight” rating and set a $74.00 target price on the stock. in a report on Tuesday. Finally, Bank of America boosted their price target on Nasdaq from $103.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.63.

Nasdaq 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.