Bryn Mawr Capital Management LLC Trims Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Bryn Mawr Capital Management LLC lessened its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 4.6% during the fourth quarter, HoldingsChannel reports. The firm owned 15,554 shares of the financial services provider’s stock after selling 750 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Nasdaq were worth $1,202,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Amalgamated Bank increased its holdings in shares of Nasdaq by 0.5% during the 4th quarter. Amalgamated Bank now owns 81,669 shares of the financial services provider’s stock worth $6,314,000 after buying an additional 430 shares during the last quarter. FourThought Financial Partners LLC increased its holdings in shares of Nasdaq by 1.0% during the 4th quarter. FourThought Financial Partners LLC now owns 90,735 shares of the financial services provider’s stock worth $7,015,000 after buying an additional 917 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Nasdaq by 29.3% during the 4th quarter. Bank of New York Mellon Corp now owns 3,305,975 shares of the financial services provider’s stock worth $255,585,000 after buying an additional 748,486 shares during the last quarter. Crestwood Advisors Group LLC increased its holdings in shares of Nasdaq by 4.1% during the 4th quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider’s stock worth $295,000 after buying an additional 152 shares during the last quarter. Finally, World Equity Group Inc. acquired a new stake in shares of Nasdaq during the 4th quarter worth $1,099,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $80.04 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. Nasdaq, Inc. has a one year low of $55.51 and a one year high of $84.15. The company’s 50-day simple moving average is $79.67 and its 200-day simple moving average is $76.74. The stock has a market capitalization of $46.00 billion, a price-to-earnings ratio of 41.69, a PEG ratio of 2.12 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 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%. Equities analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 annualized dividend and a dividend yield of 1.20%. Nasdaq’s payout ratio is 50.00%.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the transaction, the executive vice president now owns 55,576 shares of the company’s stock, valued at $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 SEC, which is available at this link. Corporate insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

NDAQ has been the subject of a number of research analyst reports. UBS Group upped their price objective on Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Argus increased their price target on Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, December 14th. Oppenheimer increased their price target on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Finally, Keefe, Bruyette & Woods increased their price target on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.88.

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.