Wellington Management Group LLP Decreases Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Wellington Management Group LLP cut its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 10.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,956,575 shares of the financial services provider’s stock after selling 3,876,935 shares during the quarter. Wellington Management Group LLP owned about 0.06% of Nasdaq worth $2,702,493,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NDAQ. Vanguard Group Inc. boosted its stake in Nasdaq by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 52,576,413 shares of the financial services provider’s stock worth $4,064,682,000 after purchasing an additional 376,893 shares during the last quarter. State Street Corp boosted its position in Nasdaq by 11.2% during the third quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock worth $1,310,653,000 after acquiring an additional 1,811,616 shares during the last quarter. Geode Capital Management LLC grew its stake in Nasdaq by 9.5% during 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 in the last quarter. Harris Associates L P grew its stake in Nasdaq by 14.6% during the 3rd quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock valued at $627,596,000 after acquiring an additional 1,096,090 shares in the last quarter. Finally, Norges Bank acquired a new stake in Nasdaq in the 4th quarter valued at about $424,285,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the transaction, the executive vice president now owns 55,576 shares of the company’s stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the transaction, the executive vice president now owns 59,694 shares of the company’s stock, valued at $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 owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Oppenheimer lifted their price objective on Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. UBS Group lifted their price target on Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Barclays dropped their price objective on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. JPMorgan Chase & Co. lifted their target price on shares of Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their target price for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $86.88.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $74.91 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. Nasdaq, Inc. has a one year low of $58.10 and a one year high of $84.15. The firm has a market capitalization 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’s fifty day moving average is $79.12 and its two-hundred day moving average is $77.63.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

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

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.