Nasdaq, Inc. (NASDAQ:NDAQ) Stake Reduced by Mcrae Capital Management Inc.

Mcrae Capital Management Inc. trimmed its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 2.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 294,801 shares of the financial services provider’s stock after selling 6,190 shares during the quarter. Nasdaq makes up 4.5% of Mcrae Capital Management Inc.’s portfolio, making the stock its 5th biggest position. Mcrae Capital Management Inc.’s holdings in Nasdaq were worth $22,791,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Founders Capital Management purchased a new stake in Nasdaq in the fourth quarter worth about $27,000. Catalyst Capital Advisors LLC bought a new stake in shares of Nasdaq in the 3rd quarter valued at about $27,000. Raleigh Capital Management Inc. lifted its position in shares of Nasdaq by 106.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 225 shares during the period. Claro Advisors LLC purchased a new stake in shares of Nasdaq in the 3rd quarter worth approximately $33,000. Finally, Focused Wealth Management Inc bought a new position in shares of Nasdaq during the third quarter valued at approximately $35,000. Institutional investors own 72.47% of the company’s stock.

Insider Transactions at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction that occurred on Monday, February 3rd. The stock was 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 directly owns 55,576 shares in the company, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jeremy Skule sold 12,075 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was 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 owns 102,505 shares in the company, valued at approximately $8,072,268.75. This represents a 10.54 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NDAQ shares. Citigroup upped their target price on Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Barclays decreased their price objective on Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. TD Cowen cut their target price on Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. JPMorgan Chase & Co. increased their price target on shares of Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, Morgan Stanley lifted their price objective on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $86.88.

Nasdaq Price Performance

NASDAQ NDAQ opened at $81.69 on Friday. The company has a market cap of $46.95 billion, a price-to-earnings ratio of 42.55, a PEG ratio of 2.15 and a beta of 0.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The stock’s fifty day moving average price is $79.52 and its 200 day moving average price is $75.82. Nasdaq, Inc. has a 1 year low of $54.90 and a 1 year high of $84.15.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates 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 research analysts forecast that Nasdaq, Inc. will post 3.17 earnings per share for the current year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s dividend payout ratio (DPR) is currently 50.00%.

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.