Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,597 shares of the financial services provider’s stock after selling 1,043 shares during the quarter. Retirement Systems of Alabama’s holdings in Nasdaq were worth $6,927,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC acquired a new position in shares of Nasdaq during the third quarter valued at $213,000. Wedmont Private Capital acquired a new position in Nasdaq during the 3rd quarter valued at about $259,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in Nasdaq by 427.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,826 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 3,100 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in Nasdaq in the 3rd quarter worth about $90,000. Finally, Crestmont Private Wealth LLC increased its stake in shares of Nasdaq by 7.3% in the third quarter. Crestmont Private Wealth LLC now owns 7,832 shares of the financial services provider’s stock valued at $572,000 after purchasing an additional 534 shares during the period. Institutional investors own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NDAQ. TD Cowen lowered their price target on Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Keefe, Bruyette & Woods lifted their target price on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Raymond James upped their price target on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Citigroup lifted their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Finally, William Blair started coverage on shares of Nasdaq in a report on Monday, November 25th. They issued an “outperform” rating on the stock. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

Insider Buying and Selling

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the transaction, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeremy Skule sold 12,075 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the completion of the sale, the executive vice president now directly owns 102,505 shares of the company’s stock, valued at approximately $8,072,268.75. The trade was a 10.54 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $82.82 on Monday. The company has a market cap of $47.60 billion, a price-to-earnings ratio of 43.14, a PEG ratio of 2.15 and a beta of 0.99. Nasdaq, Inc. has a fifty-two week low of $54.90 and a fifty-two week high of $84.15. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The stock has a fifty day moving average price of $79.55 and a 200-day moving average price of $75.56.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. As a group, equities analysts anticipate that Nasdaq, Inc. will post 3.17 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.16%. Nasdaq’s dividend payout ratio (DPR) is presently 50.00%.

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.