Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 9.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,729 shares of the financial services provider’s stock after selling 6,790 shares during the period. Los Angeles Capital Management LLC’s holdings in Nasdaq were worth $4,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new stake in Nasdaq in the 3rd quarter valued at about $27,000. Founders Capital Management acquired a new stake in shares of Nasdaq during the fourth quarter valued at about $27,000. Kestra Investment Management LLC purchased a new stake in shares of Nasdaq in the 4th quarter valued at approximately $33,000. Raleigh Capital Management Inc. lifted its stake in Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 225 shares in the last quarter. Finally, Focused Wealth Management Inc acquired a new position in Nasdaq during the 3rd quarter worth about $35,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling

In other news, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction dated 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 directly owns 55,576 shares in the company, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Nasdaq Trading Up 0.9 %

Shares of NDAQ stock opened at $80.80 on Friday. The stock has a market cap of $46.47 billion, a P/E ratio of 42.08, a P/E/G ratio of 2.12 and a beta of 0.99. Nasdaq, Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $84.15. The business has a fifty day simple moving average of $79.74 and a 200-day simple moving average of $76.77. 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 announced its 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%. On average, analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s dividend payout ratio is presently 50.00%.

Analyst Ratings Changes

A number of research firms have issued reports on NDAQ. Barclays reduced their target price on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Raymond James raised their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. 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, January 30th. UBS Group lifted their price objective on shares of Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Finally, Oppenheimer increased their price target on Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.88.

Nasdaq Company 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.