Greenleaf Trust Raises Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Greenleaf Trust lifted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 11.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,147 shares of the financial services provider’s stock after purchasing an additional 1,149 shares during the quarter. Greenleaf Trust’s holdings in Nasdaq were worth $648,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Nasdaq during the 4th quarter worth about $29,000. Loomis Sayles & Co. L P purchased a new position in Nasdaq in the 3rd quarter worth approximately $26,000. Carmel Capital Partners LLC purchased a new position in Nasdaq in the 3rd quarter worth approximately $32,000. Allworth Financial LP boosted its holdings in Nasdaq by 74.9% in the 4th quarter. Allworth Financial LP now owns 815 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 349 shares during the period. Finally, Sunbelt Securities Inc. purchased a new position in Nasdaq in the 3rd quarter worth approximately $65,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Transactions at Nasdaq

In other news, EVP Bryan Everard Smith sold 7,400 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the completion of the transaction, the executive vice president now owns 61,672 shares of the company’s stock, valued at $3,879,785.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Bryan Everard Smith sold 7,400 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.91, for a total transaction of $465,534.00. Following the completion of the transaction, the executive vice president now owns 61,672 shares of the company’s stock, valued at $3,879,785.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the transaction, the insider now directly owns 58,341,545 shares of the company’s stock, valued at approximately $3,383,809,610. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. UBS Group upped their price target on Nasdaq from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Oppenheimer upped their price target on Nasdaq from $65.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $82.00 target price on shares of Nasdaq in a research report on Thursday, February 1st. Barclays assumed coverage on Nasdaq in a research report on Thursday, April 11th. They issued an “overweight” rating and a $76.00 target price on the stock. Finally, Citigroup upped their target price on Nasdaq from $56.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, January 12th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.09.

Nasdaq Stock Performance

NDAQ stock opened at $61.20 on Tuesday. Nasdaq, Inc. has a 12-month low of $46.88 and a 12-month high of $64.25. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.94. The stock’s 50 day simple moving average is $59.52 and its 200 day simple moving average is $56.24. The firm has a market cap of $35.20 billion, a P/E ratio of 29.00, a P/E/G ratio of 2.74 and a beta of 0.93.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company earned $0.64 earnings per share. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. As a group, equities research analysts predict that Nasdaq, Inc. will post 2.76 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.88 annualized dividend and a dividend yield of 1.44%. Nasdaq’s payout ratio is 41.71%.

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.