Meiji Yasuda Asset Management Co Ltd. Sells 266 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Meiji Yasuda Asset Management Co Ltd. decreased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,486 shares of the financial services provider’s stock after selling 266 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Nasdaq were worth $501,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Rakuten Securities Inc. acquired a new stake in Nasdaq during the fourth quarter worth $26,000. Founders Capital Management acquired a new stake in shares of Nasdaq during the 4th quarter valued at about $27,000. Kestra Investment Management LLC bought a new stake in Nasdaq in the fourth quarter valued at about $33,000. Raleigh Capital Management Inc. raised its position in 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 purchasing an additional 225 shares in the last quarter. Finally, TCTC Holdings LLC bought a new position in Nasdaq during the fourth quarter worth about $41,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Activity

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 59,694 shares in the company, valued at approximately $4,398,253.92. This trade represents a 20.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Bryan Everard Smith sold 3,500 shares of the business’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 completion of the transaction, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. The trade was 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.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NDAQ shares. Keefe, Bruyette & Woods upped their price objective on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Barclays lowered 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. Citigroup lifted their price objective on Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Raymond James upped their target price on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Finally, StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $86.88.

Nasdaq Stock Down 1.5 %

NASDAQ:NDAQ opened at $76.36 on Friday. The company has a market cap of $43.92 billion, a price-to-earnings ratio of 39.77, 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. The stock’s fifty day moving average price is $79.20 and its two-hundred day moving average price is $77.53. Nasdaq, Inc. has a 52-week low of $58.10 and a 52-week 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, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. On average, analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Friday, March 14th. Nasdaq’s dividend payout ratio (DPR) is 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.