First National Trust Co Lowers Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

First National Trust Co trimmed its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 3.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,609 shares of the financial services provider’s stock after selling 150 shares during the period. First National Trust Co’s holdings in Nasdaq were worth $356,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the business. Rakuten Securities Inc. purchased a new stake in shares of Nasdaq during the 4th quarter worth about $26,000. Founders Capital Management purchased a new stake in shares of Nasdaq during the 4th quarter worth about $27,000. Kestra Investment Management LLC purchased a new stake in shares of Nasdaq during the 4th quarter worth about $33,000. Raleigh Capital Management Inc. boosted its stake in shares of Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 225 shares in the last quarter. Finally, Peterson Financial Group Inc. purchased a new stake in shares of Nasdaq during the 3rd quarter worth about $42,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Nasdaq Stock Up 1.5 %

Shares of NASDAQ NDAQ opened at $73.26 on Friday. The company has a 50 day simple moving average of $79.30 and a 200-day simple moving average of $77.29. The company has a market capitalization of $42.14 billion, a P/E ratio of 38.16, a P/E/G ratio of 2.12 and a beta of 0.96. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. Nasdaq, Inc. has a 1 year low of $57.96 and a 1 year high of $84.15.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping 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%. On average, equities research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.31%. Nasdaq’s payout ratio is currently 50.00%.

Analysts Set New Price Targets

NDAQ has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Keefe, Bruyette & Woods upped their price target on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and upped their price target for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. Citigroup upped their price target on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Finally, William Blair initiated coverage on shares of Nasdaq in a report on Monday, November 25th. They issued an “outperform” rating for the company. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Nasdaq has a consensus rating of “Moderate Buy” and an average target price of $86.88.

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.70% of the stock is currently owned by corporate 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.