Martin Capital Advisors LLP Lowers Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Martin Capital Advisors LLP lowered its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 1.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 13,696 shares of the financial services provider’s stock after selling 206 shares during the quarter. Martin Capital Advisors LLP’s holdings in Nasdaq were worth $796,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Turtle Creek Wealth Advisors LLC purchased a new stake in Nasdaq during the 4th quarter valued at approximately $29,000. Loomis Sayles & Co. L P bought a new stake in Nasdaq in the third quarter worth $26,000. Harbour Investments Inc. raised its position in Nasdaq by 250.6% in the 4th quarter. Harbour Investments Inc. now owns 547 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 391 shares during the period. Carmel Capital Partners LLC bought a new position in shares of Nasdaq during the third quarter valued at approximately $32,000. Finally, Clear Street Markets LLC raised its holdings in shares of Nasdaq by 93.9% in the first quarter. Clear Street Markets LLC now owns 665 shares of the financial services provider’s stock worth $36,000 after buying an additional 322 shares during the period. 72.47% of the stock is owned by hedge funds and other institutional investors.

Nasdaq Stock Up 0.5 %

Shares of NDAQ stock traded up $0.28 during mid-day trading on Friday, hitting $60.35. 3,082,543 shares of the stock traded hands, compared to its average volume of 3,129,472. Nasdaq, Inc. has a 52-week low of $46.88 and a 52-week high of $64.25. The stock has a market cap of $34.71 billion, a P/E ratio of 28.64, a P/E/G ratio of 2.73 and a beta of 0.93. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.01 and a quick ratio of 1.01. The stock’s fifty day moving average is $59.37 and its two-hundred day moving average is $55.96.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.64 earnings per share. Equities analysts predict that Nasdaq, Inc. will post 2.75 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.22 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.88 annualized dividend and a dividend yield of 1.46%. Nasdaq’s dividend payout ratio is presently 41.71%.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 7,400 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.91, for a total value of $465,534.00. Following the transaction, the executive vice president now directly owns 61,672 shares in the company, valued at approximately $3,879,785.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Nasdaq news, EVP Bryan Everard Smith sold 7,400 shares of Nasdaq stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the sale, the executive vice president now owns 61,672 shares in the company, valued at $3,879,785.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the sale, the insider now directly owns 58,341,545 shares of the company’s stock, valued at $3,383,809,610. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

NDAQ has been the topic of several research analyst reports. Barclays assumed coverage on Nasdaq in a research report on Thursday, April 11th. They issued an “overweight” rating and a $76.00 price objective on the stock. Piper Sandler raised their target price on shares of Nasdaq from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. The Goldman Sachs Group raised Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 target price for the company in a research report on Tuesday, March 26th. Finally, Edward Jones began coverage on Nasdaq in a research report on Wednesday, April 3rd. They set a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $67.09.

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.