Barclays PLC Sells 540,352 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Barclays PLC lessened its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 35.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 984,443 shares of the financial services provider’s stock after selling 540,352 shares during the quarter. Barclays PLC’s holdings in Nasdaq were worth $76,108,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. XTX Topco Ltd acquired a new position in shares of Nasdaq in the 3rd quarter valued at $208,000. MML Investors Services LLC increased its stake in Nasdaq by 34.4% in the third quarter. MML Investors Services LLC now owns 5,843 shares of the financial services provider’s stock valued at $427,000 after acquiring an additional 1,494 shares during the period. Virtu Financial LLC acquired a new position in Nasdaq in the third quarter worth about $209,000. Anchor Investment Management LLC lifted its stake in Nasdaq by 109.9% during the third quarter. Anchor Investment Management LLC now owns 3,148 shares of the financial services provider’s stock worth $230,000 after purchasing an additional 1,648 shares during the period. Finally, World Investment Advisors LLC acquired a new stake in Nasdaq during the third quarter valued at approximately $651,000. 72.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NDAQ has been the subject of several analyst reports. Citigroup cut their target price on Nasdaq from $84.00 to $75.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. UBS Group lifted their price objective on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Piper Sandler upped their target price on shares of Nasdaq from $80.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, April 8th. Royal Bank of Canada reissued an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a report on Thursday, April 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $85.56.

Insider Transactions at Nasdaq

In related news, EVP Bryan Everard Smith sold 657 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $71.81, for a total value of $47,179.17. Following the sale, the executive vice president now directly owns 61,980 shares in the company, valued at $4,450,783.80. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Sarah Youngwood sold 14,959 shares of the business’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 transaction of $1,102,179.12. Following the transaction, the executive vice president now owns 59,694 shares of the company’s stock, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,116 shares of company stock worth $1,434,818 in the last three months. Insiders own 0.70% of the company’s stock.

Nasdaq Trading Down 2.0 %

Shares of NDAQ opened at $71.69 on Thursday. The stock’s fifty day simple moving average is $76.17 and its 200-day simple moving average is $77.39. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $41.23 billion, a PE ratio of 37.34, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02. Nasdaq, Inc. has a 12-month low of $58.10 and a 12-month high of $84.15.

Nasdaq (NASDAQ:NDAQ) last issued its 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 net margin of 15.10% and a return on equity of 14.82%. As a group, research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Friday, March 14th. 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.