MassMutual Private Wealth & Trust FSB Sells 192 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

MassMutual Private Wealth & Trust FSB decreased its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,130 shares of the financial services provider’s stock after selling 192 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Nasdaq were worth $397,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NDAQ. Wellington Management Group LLP lifted its position in shares of Nasdaq by 163.3% during the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock valued at $2,835,235,000 after buying an additional 24,084,154 shares during the last quarter. State Street Corp raised its stake in Nasdaq by 11.2% in the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock valued at $1,310,653,000 after acquiring an additional 1,811,616 shares during the period. Geode Capital Management LLC raised its stake in Nasdaq by 9.5% in the 3rd quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider’s stock valued at $783,181,000 after acquiring an additional 932,665 shares during the period. Harris Associates L P lifted its holdings in Nasdaq by 14.6% during the third quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock valued at $627,596,000 after purchasing an additional 1,096,090 shares during the last quarter. Finally, Mizuho Securities USA LLC boosted its position in Nasdaq by 13,532.3% during the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock worth $292,040,000 after purchasing an additional 3,970,658 shares during the period. 72.47% of the stock is owned by institutional investors.

Insider Activity

In other Nasdaq news, insider Pc Nelson Griggs sold 5,742 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total value of $444,086.28. Following the sale, the insider now owns 205,821 shares of the company’s stock, valued at $15,918,196.14. This trade represents a 2.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the transaction, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. This trade represents a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,459 shares of company stock valued at $3,811,808. 0.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NDAQ shares. The Goldman Sachs Group upped their price target on shares of Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Royal Bank of Canada restated an “outperform” rating and set a $95.00 target price on shares of Nasdaq in a research report on Thursday, January 9th. Citigroup lifted their price target on Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Bank of America dropped their price objective on Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, Morgan Stanley lifted their target price on Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $85.73.

Nasdaq Stock Up 1.2 %

Shares of NDAQ opened at $80.83 on Thursday. Nasdaq, Inc. has a 1 year low of $54.90 and a 1 year high of $83.77. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a 50 day simple moving average of $79.31 and a two-hundred day simple moving average of $73.82. The firm has a market cap of $46.46 billion, a P/E ratio of 48.40, a P/E/G ratio of 2.70 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm’s revenue was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. On average, analysts forecast that Nasdaq, Inc. will post 2.81 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.24 per share. The ex-dividend date was Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.19%. Nasdaq’s payout ratio is 57.49%.

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.