Nomura Asset Management Co. Ltd. Decreases Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Nomura Asset Management Co. Ltd. reduced its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 22.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 127,591 shares of the financial services provider’s stock after selling 36,588 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Nasdaq were worth $9,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Rakuten Securities Inc. bought a new position in Nasdaq in the fourth quarter valued at about $26,000. Founders Capital Management purchased a new stake in shares of Nasdaq during the 4th quarter valued at about $27,000. Kestra Investment Management LLC bought a new position in shares of Nasdaq in the 4th quarter worth approximately $33,000. Raleigh Capital Management Inc. boosted its holdings in shares of Nasdaq by 106.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after buying an additional 225 shares during the last quarter. Finally, TCTC Holdings LLC bought a new stake in Nasdaq during the fourth quarter valued at approximately $41,000. Institutional investors own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NDAQ. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and lifted their price target for the stock from $80.00 to $98.00 in a research note on Wednesday, January 8th. Raymond James boosted their price target on Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a research note on Thursday. Oppenheimer boosted their price objective on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Finally, UBS Group increased their target price on shares of Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Nasdaq presently has an average rating of “Moderate Buy” and a consensus price target of $86.88.

Nasdaq Stock Down 1.9 %

Shares of NDAQ stock opened at $74.91 on Monday. The company’s fifty day simple moving average is $79.12 and its two-hundred day simple moving average is $77.63. Nasdaq, Inc. has a 52 week low of $58.10 and a 52 week high of $84.15. The stock has a market cap of $43.08 billion, a P/E ratio of 39.02, a PEG ratio of 2.12 and a beta of 0.96. 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 posted its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping 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%. Analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.28%. Nasdaq’s dividend payout ratio is currently 50.00%.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the transaction, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Sarah Youngwood sold 14,959 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the sale, the executive vice president now owns 59,694 shares in the company, valued at approximately $4,398,253.92. This trade represents a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

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.