Nasdaq, Inc. (NASDAQ:NDAQ) Position Decreased by Sabal Trust CO

Sabal Trust CO reduced its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 95.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,599 shares of the financial services provider’s stock after selling 392,635 shares during the quarter. Sabal Trust CO’s holdings in Nasdaq were worth $1,563,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Janney Montgomery Scott LLC grew its position in Nasdaq by 7.7% in the first quarter. Janney Montgomery Scott LLC now owns 43,161 shares of the financial services provider’s stock worth $3,274,000 after buying an additional 3,096 shares during the last quarter. USA Financial Formulas grew its holdings in shares of Nasdaq by 61.1% in the 1st quarter. USA Financial Formulas now owns 17,842 shares of the financial services provider’s stock worth $1,353,000 after acquiring an additional 6,764 shares during the last quarter. NINE MASTS CAPITAL Ltd acquired a new stake in shares of Nasdaq during the fourth quarter worth $274,000. Teacher Retirement System of Texas raised its position in shares of Nasdaq by 892.3% during the fourth quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider’s stock worth $4,689,000 after purchasing an additional 54,535 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Nasdaq during the fourth quarter valued at $48,749,000. 72.47% of the stock is currently owned by institutional investors.

Insider Activity at Nasdaq

In other Nasdaq news, insider Pc Nelson Griggs sold 8,000 shares of the business’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total value of $664,240.00. Following the completion of the sale, the insider now owns 211,405 shares of the company’s stock, valued at $17,552,957.15. The trade was a 3.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of the company’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $71.81, for a total value of $47,179.17. Following the sale, the executive vice president now owns 61,980 shares of the company’s stock, valued at approximately $4,450,783.80. This trade represents a 1.05% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Nasdaq Trading Down 0.1%

Nasdaq stock opened at $88.05 on Thursday. Nasdaq, Inc. has a 12 month low of $59.44 and a 12 month high of $88.78. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.77. The stock has a market cap of $50.55 billion, a P/E ratio of 40.02, a P/E/G ratio of 2.27 and a beta of 1.00. The company’s fifty day simple moving average is $81.21 and its 200-day simple moving average is $78.90.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. Nasdaq had a return on equity of 15.38% and a net margin of 16.36%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the firm earned $0.63 earnings per share. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, sell-side analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.23%. This is a positive change from Nasdaq’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, June 13th. Nasdaq’s payout ratio is currently 49.09%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Redburn Atlantic raised Nasdaq from a “neutral” rating to a “buy” rating and set a $91.00 price target on the stock in a research note on Thursday, April 17th. Royal Bank Of Canada reissued an “outperform” rating and issued a $95.00 target price on shares of Nasdaq in a research report on Thursday, April 10th. Oppenheimer set a $96.00 price target on shares of Nasdaq and gave the company an “outperform” rating in a report on Tuesday, June 17th. Bank of America upped their price target on shares of Nasdaq from $103.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, April 2nd. Finally, Citigroup lowered their price objective on shares of Nasdaq from $84.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Nasdaq presently has an average rating of “Moderate Buy” and a consensus target price of $87.19.

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.