Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by PAX Financial Group LLC

PAX Financial Group LLC decreased its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 3.6% during the 4th quarter, HoldingsChannel reports. The firm owned 10,991 shares of the financial services provider’s stock after selling 409 shares during the period. PAX Financial Group LLC’s holdings in Nasdaq were worth $850,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP boosted its holdings in shares of Nasdaq by 12.3% during the fourth quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 141 shares during the period. Harbor Capital Advisors Inc. lifted its position in Nasdaq by 1.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock valued at $759,000 after purchasing an additional 148 shares during the last quarter. Brooklyn Investment Group boosted its stake in Nasdaq by 8.5% during the 4th quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 148 shares during the period. Crestwood Advisors Group LLC grew its position in Nasdaq by 4.1% in the 4th quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 152 shares during the last quarter. Finally, Crestmont Private Wealth LLC grew its position in Nasdaq by 2.4% in the 4th quarter. Crestmont Private Wealth LLC now owns 8,017 shares of the financial services provider’s stock worth $620,000 after purchasing an additional 185 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NDAQ. JPMorgan Chase & Co. boosted their price objective on Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and increased their price target for the stock from $80.00 to $98.00 in a research note on Wednesday, January 8th. Oppenheimer lifted 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. Citigroup increased their target price on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Finally, Keefe, Bruyette & Woods boosted 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. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.94.

Nasdaq Price Performance

NASDAQ NDAQ opened at $73.79 on Friday. Nasdaq, Inc. has a 1 year low of $58.10 and a 1 year high of $84.15. The business’s fifty day moving average is $78.79 and its two-hundred day moving average is $77.65. The stock has a market capitalization of $42.44 billion, a P/E ratio of 38.43, 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 quick ratio of 0.95 and a current ratio of 0.99.

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

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Friday, March 14th. Nasdaq’s dividend payout ratio is presently 50.00%.

Insiders Place Their Bets

In related news, EVP Sarah Youngwood sold 14,959 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the sale, the executive vice president now owns 59,694 shares in the company, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bryan Everard Smith sold 3,500 shares of the firm’s 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 of the company’s stock, valued at $4,532,778.56. This represents a 5.92 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

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.