Segall Bryant & Hamill LLC Sells 7,076 Shares of Nasdaq, Inc. $NDAQ

Segall Bryant & Hamill LLC reduced its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 12.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,997 shares of the financial services provider’s stock after selling 7,076 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Nasdaq were worth $4,244,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. MV Capital Management Inc. bought a new stake in shares of Nasdaq in the 4th quarter worth about $28,000. Nemes Rush Group LLC acquired a new stake in shares of Nasdaq during the 4th quarter worth about $35,000. Uniplan Investment Counsel Inc. bought a new position in Nasdaq during the 4th quarter valued at about $35,000. Fideuram Asset Management Ireland dac bought a new position in Nasdaq during the 4th quarter valued at about $37,000. Finally, Reflection Asset Management bought a new position in Nasdaq during the 4th quarter valued at about $41,000. 72.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NDAQ has been the topic of several research analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a research note on Friday, July 24th. Wall Street Zen upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Raymond James Financial reissued an “outperform” rating and issued a $113.00 target price (up from $111.00) on shares of Nasdaq in a report on Thursday, July 9th. Morgan Stanley restated an “overweight” rating and set a $120.00 price target on shares of Nasdaq in a research report on Friday, July 24th. Finally, Barclays reaffirmed an “overweight” rating and set a $111.00 price target (up from $108.00) on shares of Nasdaq in a report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $110.30.

Insider Buying and Selling

In other Nasdaq news, insider Pc Nelson Griggs sold 11,010 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total value of $1,060,813.50. Following the transaction, the insider directly owned 205,001 shares in the company, valued at approximately $19,751,846.35. This trade represents a 5.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bradley J. Peterson sold 13,000 shares of Nasdaq stock in a transaction on Friday, July 24th. The shares were sold at an average price of $92.61, for a total value of $1,203,930.00. Following the completion of the sale, the executive vice president directly owned 128,293 shares of the company’s stock, valued at $11,881,214.73. This trade represents a 9.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 41,797 shares of company stock worth $3,926,319 in the last quarter. Insiders own 0.60% of the company’s stock.

Nasdaq Stock Down 0.1%

Shares of NASDAQ:NDAQ opened at $94.14 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The firm has a market cap of $52.62 billion, a P/E ratio of 27.45, a P/E/G ratio of 1.28 and a beta of 0.96. Nasdaq, Inc. has a 12 month low of $76.55 and a 12 month high of $101.79. The company’s 50-day moving average price is $87.87 and its two-hundred day moving average price is $88.25.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.09. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The company’s revenue was up 14.9% on a year-over-year basis. As a group, research analysts forecast that Nasdaq, Inc. will post 4.13 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.3%. Nasdaq’s dividend payout ratio (DPR) is currently 36.15%.

Nasdaq Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.