Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC lessened its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 0.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 502,070 shares of the financial services provider’s stock after selling 265 shares during the period. Nasdaq comprises about 1.1% of NorthCrest Asset Manangement LLC’s portfolio, making the stock its 15th largest holding. NorthCrest Asset Manangement LLC’s holdings in Nasdaq were worth $36,656,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Y.D. More Investments Ltd lifted its holdings in shares of Nasdaq by 94.8% during the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 202 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Nasdaq during the 3rd quarter worth about $27,000. Claro Advisors LLC purchased a new stake in Nasdaq during the third quarter valued at about $33,000. Focused Wealth Management Inc purchased a new position in shares of Nasdaq in the third quarter worth approximately $35,000. Finally, Peterson Financial Group Inc. acquired a new stake in shares of Nasdaq during the third quarter valued at approximately $42,000. 72.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on NDAQ. William Blair initiated coverage on shares of Nasdaq in a research report on Monday, November 25th. They set an “outperform” rating on the stock. Argus lifted 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. Keefe, Bruyette & Woods increased their price objective on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Morgan Stanley lifted their target price on Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Barclays upped their price target on shares of Nasdaq from $87.00 to $97.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Nasdaq has an average rating of “Moderate Buy” and an average price target of $84.20.

Insider Buying and Selling at Nasdaq

In related news, insider Pc Nelson Griggs sold 5,742 shares of Nasdaq stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total transaction of $444,086.28. Following the sale, the insider now directly owns 205,821 shares of the company’s stock, valued at $15,918,196.14. This trade represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the completion of the transaction, the executive vice president now directly owns 102,505 shares of the company’s stock, valued at approximately $8,072,268.75. This trade represents a 10.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,459 shares of company stock valued at $3,811,808 in the last 90 days. 0.70% of the stock is currently owned by insiders.

Nasdaq Stock Performance

Shares of NASDAQ:NDAQ traded down $2.22 during trading on Friday, reaching $75.80. The stock had a trading volume of 860,681 shares, compared to its average volume of 2,610,699. The stock has a fifty day simple moving average of $79.23 and a two-hundred day simple moving average of $72.60. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq, Inc. has a 52 week low of $54.90 and a 52 week high of $83.77. The firm has a market capitalization of $43.57 billion, a price-to-earnings ratio of 45.39, a P/E/G ratio of 3.12 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The business’s quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 EPS. As a group, analysts anticipate that Nasdaq, Inc. will post 2.79 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.27%. Nasdaq’s payout ratio is 57.49%.

About Nasdaq

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.