Kentucky Retirement Systems decreased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ – Free Report) by 1.4% in the 4th quarter, Holdings Channel reports. The firm owned 28,437 shares of the financial services provider’s stock after selling 391 shares during the period. Kentucky Retirement Systems’ holdings in Nasdaq were worth $2,198,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Waterfront Wealth Inc. boosted its stake in Nasdaq by 2.0% in the fourth quarter. Waterfront Wealth Inc. now owns 18,568 shares of the financial services provider’s stock worth $1,436,000 after buying an additional 368 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in Nasdaq by 14.2% in the fourth quarter. Handelsbanken Fonder AB now owns 1,199,696 shares of the financial services provider’s stock worth $92,748,000 after buying an additional 148,970 shares in the last quarter. Ieq Capital LLC boosted its stake in Nasdaq by 18.7% in the fourth quarter. Ieq Capital LLC now owns 26,502 shares of the financial services provider’s stock worth $2,049,000 after buying an additional 4,184 shares in the last quarter. Cumberland Partners Ltd boosted its stake in Nasdaq by 19.3% in the fourth quarter. Cumberland Partners Ltd now owns 169,995 shares of the financial services provider’s stock worth $13,142,000 after buying an additional 27,551 shares in the last quarter. Finally, Private Wealth Partners LLC boosted its stake in Nasdaq by 20.1% in the fourth quarter. Private Wealth Partners LLC now owns 7,770 shares of the financial services provider’s stock worth $601,000 after buying an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the company. Raymond James boosted their price objective on Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. UBS Group boosted their price objective on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Argus boosted their price objective on Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 price objective on shares of Nasdaq in a research report on Thursday, January 30th. Finally, StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Saturday, December 14th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $86.88.
Insider Transactions at Nasdaq
In other news, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.70% of the company’s stock.
Nasdaq Trading Down 1.8 %
Shares of NASDAQ:NDAQ opened at $81.07 on Friday. The stock has a market capitalization of $46.60 billion, a price-to-earnings ratio of 42.22, a PEG ratio of 2.12 and a beta of 0.99. 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 50-day simple moving average is $79.63 and its two-hundred day simple moving average is $76.49. Nasdaq, Inc. has a 52-week low of $55.51 and a 52-week high of $84.15.
Nasdaq (NASDAQ:NDAQ – Get Free Report) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping 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%. Analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.
Nasdaq Announces Dividend
The business 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 $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s dividend payout ratio (DPR) is currently 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.
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