Dimensional Fund Advisors LP Trims Holdings in Nasdaq Inc (NDAQ)

Dimensional Fund Advisors LP decreased its position in shares of Nasdaq Inc (NASDAQ:NDAQ) by 0.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 936,225 shares of the financial services provider’s stock after selling 1,254 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.56% of Nasdaq worth $72,623,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC lifted its holdings in Nasdaq by 13.9% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock worth $104,000 after buying an additional 178 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Nasdaq by 8.6% during the 2nd quarter. Pacer Advisors Inc. now owns 2,568 shares of the financial services provider’s stock worth $184,000 after buying an additional 203 shares in the last quarter. Conning Inc. bought a new stake in shares of Nasdaq during the 3rd quarter valued at $200,000. MML Investors Services LLC bought a new stake in shares of Nasdaq during the 2nd quarter valued at $201,000. Finally, Beaton Management Co. Inc. bought a new stake in shares of Nasdaq during the 3rd quarter valued at $202,000. 75.74% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have commented on NDAQ shares. UBS Group reiterated a “buy” rating and set a $89.00 target price (up previously from $83.00) on shares of Nasdaq in a research report on Monday, December 11th. ValuEngine upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Zacks Investment Research upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Royal Bank of Canada set a $78.00 target price on shares of Nasdaq and gave the company a “hold” rating in a research report on Monday, October 16th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $78.00 target price on shares of Nasdaq in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $78.67.

Shares of Nasdaq Inc (NASDAQ:NDAQ) opened at $76.13 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.15 and a quick ratio of 1.15. Nasdaq Inc has a 1 year low of $65.98 and a 1 year high of $80.14. The company has a market cap of $12,648.16, a price-to-earnings ratio of 50.09, a P/E/G ratio of 2.13 and a beta of 0.78.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.04. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The business had revenue of $607.00 million during the quarter, compared to analysts’ expectations of $599.84 million. During the same quarter in the prior year, the company earned $0.91 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. research analysts expect that Nasdaq Inc will post 4.18 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Thursday, December 14th. Nasdaq’s dividend payout ratio is currently 100.00%.

In related news, EVP Pc Nelson Griggs sold 2,064 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $76.58, for a total value of $158,061.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is owned by corporate insiders.

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About Nasdaq

Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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