Nasdaq Inc (NDAQ) Shares Sold by Raymond James Trust N.A.

Raymond James Trust N.A. trimmed its position in Nasdaq Inc (NASDAQ:NDAQ) by 24.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,212 shares of the financial services provider’s stock after selling 1,042 shares during the period. Raymond James Trust N.A.’s holdings in Nasdaq were worth $247,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Delta Asset Management LLC TN increased its position in Nasdaq by 6,087.0% in the 4th quarter. Delta Asset Management LLC TN now owns 1,423 shares of the financial services provider’s stock valued at $109,000 after buying an additional 1,400 shares in the last quarter. Invictus RG bought a new stake in Nasdaq in the 3rd quarter valued at about $111,000. Cerebellum GP LLC acquired a new position in Nasdaq during the 4th quarter valued at about $125,000. Conning Inc. acquired a new position in Nasdaq during the 3rd quarter valued at about $200,000. Finally, Beaton Management Co. Inc. acquired a new position in Nasdaq during the 3rd quarter valued at about $202,000. 76.11% of the stock is owned by institutional investors and hedge funds.

In other news, insider Bradley J. Peterson sold 19,169 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $80.70, for a total value of $1,546,938.30. Following the transaction, the insider now owns 32,214 shares in the company, valued at approximately $2,599,669.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Pc Nelson Griggs sold 1,396 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $74.72, for a total value of $104,309.12. The disclosure for this sale can be found here. Insiders sold a total of 33,097 shares of company stock worth $2,657,090 in the last 90 days. Company insiders own 1.60% of the company’s stock.

NDAQ has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $78.00 price target on shares of Nasdaq in a research note on Thursday, October 12th. Royal Bank of Canada set a $78.00 price target on Nasdaq and gave the company a “hold” rating in a research note on Monday, October 16th. Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Citigroup lifted their price target on Nasdaq from $75.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. Finally, Barclays cut their price target on Nasdaq from $85.00 to $84.00 and set an “overweight” rating for the company in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. Nasdaq has an average rating of “Hold” and an average price target of $81.86.

Nasdaq Inc (NASDAQ NDAQ) opened at $75.21 on Friday. Nasdaq Inc has a 12 month low of $65.98 and a 12 month high of $83.29. The firm has a market capitalization of $12,844.31, a P/E ratio of 18.27, a PEG ratio of 1.66 and a beta of 0.71. The company has a quick ratio of 1.15, a current ratio of 1.05 and a debt-to-equity ratio of 0.63.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, January 31st. The financial services provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.05. Nasdaq had a return on equity of 12.75% and a net margin of 18.49%. The firm had revenue of $635.00 million for the quarter, compared to the consensus estimate of $628.36 million. During the same quarter in the previous year, the business earned $0.95 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. research analysts forecast that Nasdaq Inc will post 4.8 earnings per share for the current fiscal year.

Nasdaq declared that its Board of Directors has authorized a share repurchase program on Monday, January 29th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.02%. Nasdaq’s payout ratio is presently 35.19%.

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Nasdaq Company Profile

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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