Sei Investments Co. Sells 10,569 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Sei Investments Co. reduced its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 3.3% during the fourth quarter, Holdings Channel reports. The fund owned 314,059 shares of the financial services provider’s stock after selling 10,569 shares during the period. Sei Investments Co.’s holdings in Nasdaq were worth $24,280,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Rakuten Securities Inc. bought a new position in shares of Nasdaq during the 4th quarter valued at $26,000. Founders Capital Management purchased a new stake in Nasdaq during the fourth quarter valued at about $27,000. Kestra Investment Management LLC bought a new position in shares of Nasdaq during the fourth quarter valued at about $33,000. Raleigh Capital Management Inc. increased its holdings in shares of Nasdaq by 106.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after buying an additional 225 shares during the period. Finally, TCTC Holdings LLC bought a new stake in shares of Nasdaq in the 4th quarter valued at about $41,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Nasdaq Price Performance

NDAQ opened at $77.53 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The company has a market cap of $44.59 billion, a price-to-earnings ratio of 40.38, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. The stock has a fifty day simple moving average of $79.24 and a two-hundred day simple moving average of $77.54. Nasdaq, Inc. has a 12-month low of $58.10 and a 12-month high of $84.15.

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

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.24%. Nasdaq’s payout ratio is 50.00%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays reduced their price target on Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and raised their target price for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. 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. Keefe, Bruyette & Woods raised their price target on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Finally, Oppenheimer upped their price objective on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

Insider Buying and Selling

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the sale, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the sale, the executive vice president now directly owns 55,576 shares in the company, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Nasdaq Company 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.