Canandaigua National Bank & Trust Co. Has $781,000 Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Canandaigua National Bank & Trust Co. decreased its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,102 shares of the financial services provider’s stock after selling 385 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Nasdaq were worth $781,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of NDAQ. Nordea Investment Management AB raised its position in shares of Nasdaq by 1,022.1% in the 4th quarter. Nordea Investment Management AB now owns 409,906 shares of the financial services provider’s stock worth $31,743,000 after acquiring an additional 373,376 shares in the last quarter. GAMMA Investing LLC grew its stake in Nasdaq by 14.6% during the fourth quarter. GAMMA Investing LLC now owns 15,123 shares of the financial services provider’s stock worth $1,169,000 after purchasing an additional 1,926 shares during the period. Lord Abbett & CO. LLC bought a new stake in Nasdaq in the third quarter worth approximately $60,099,000. Retirement Systems of Alabama lifted its stake in Nasdaq by 8.0% in the third quarter. Retirement Systems of Alabama now owns 90,640 shares of the financial services provider’s stock valued at $6,618,000 after buying an additional 6,704 shares during the period. Finally, Tidal Investments LLC boosted its holdings in shares of Nasdaq by 38.6% during the 3rd quarter. Tidal Investments LLC now owns 60,535 shares of the financial services provider’s stock worth $4,420,000 after buying an additional 16,868 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Bank of America lowered their price objective on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. UBS Group upped their price objective on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods raised their target price on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Raymond James raised Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price target on the stock in a research note on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Nasdaq from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $82.40.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $76.82 on Tuesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a 50-day moving average of $79.09 and a 200-day moving average of $72.41. Nasdaq, Inc. has a one year low of $54.90 and a one year high of $83.77. The company has a market cap of $44.15 billion, a P/E ratio of 46.00, a P/E/G ratio of 3.12 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the business posted $0.71 EPS. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. Equities research analysts forecast that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a yield of 1.25%. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

Insider Activity

In other news, EVP Bradley J. Peterson sold 13,642 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the transaction, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at $10,757,955.60. This represents a 8.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Pc Nelson Griggs sold 6,000 shares of Nasdaq stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.71, for a total transaction of $454,260.00. Following the completion of the sale, the insider now directly owns 215,563 shares in the company, valued at $16,320,274.73. This trade represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,459 shares of company stock valued at $3,811,808 in the last ninety days. 0.70% of the stock is currently owned by insiders.

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.