Great Lakes Retirement Inc. Decreases Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Great Lakes Retirement Inc. trimmed its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,994 shares of the financial services provider’s stock after selling 430 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Nasdaq were worth $541,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Citizens Financial Group Inc. RI lifted its position in shares of Nasdaq by 3.6% during the third quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock valued at $290,000 after buying an additional 137 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in shares of 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 raised its position in shares of Nasdaq by 8.5% in 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 last quarter. Crestwood Advisors Group LLC raised its position in shares of Nasdaq by 4.2% in the 3rd quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 149 shares during the last quarter. Finally, Kentucky Retirement Systems raised its position in shares of Nasdaq by 0.5% in the 3rd quarter. Kentucky Retirement Systems now owns 28,828 shares of the financial services provider’s stock valued at $2,105,000 after purchasing an additional 154 shares during the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Nasdaq

In related news, EVP Jeremy Skule sold 12,075 shares of Nasdaq stock in a transaction 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 sale, the executive vice president now 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 transaction 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 Nasdaq stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the sale, the executive vice president now directly owns 55,576 shares in the company, 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.

Analyst Upgrades and Downgrades

NDAQ has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Nasdaq in a research report on Thursday, January 30th. William Blair initiated coverage on shares of Nasdaq in a research report on Monday, November 25th. They issued an “outperform” rating for the company. UBS Group increased their price objective on shares of Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Finally, Citigroup increased their price target on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.88.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $79.92 on Thursday. The stock has a market capitalization of $45.93 billion, a price-to-earnings ratio of 41.63, a PEG ratio of 2.15 and a beta of 0.99. Nasdaq, Inc. has a 12 month low of $54.90 and a 12 month high of $84.15. The firm’s 50 day simple moving average is $79.51 and its 200-day simple moving average is $75.78. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Analysts expect that Nasdaq, Inc. will post 3.17 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.20%. Nasdaq’s payout ratio is 50.00%.

Nasdaq 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.