Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lowered its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 13.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 591,972 shares of the financial services provider’s stock after selling 89,327 shares during the period. Natixis Advisors LLC owned approximately 0.10% of Nasdaq worth $43,220,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Nasdaq by 12.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 517,000 shares of the financial services provider’s stock valued at $32,624,000 after buying an additional 57,900 shares in the last quarter. Swedbank AB purchased a new stake in shares of Nasdaq in the first quarter valued at approximately $2,595,000. Blair William & Co. IL boosted its stake in shares of Nasdaq by 55.8% in the first quarter. Blair William & Co. IL now owns 27,622 shares of the financial services provider’s stock valued at $1,743,000 after buying an additional 9,894 shares in the last quarter. Diversified Trust Co boosted its stake in shares of Nasdaq by 45.2% in the second quarter. Diversified Trust Co now owns 28,813 shares of the financial services provider’s stock valued at $1,736,000 after buying an additional 8,974 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Nasdaq by 52.7% in the first quarter. Cetera Investment Advisers now owns 30,214 shares of the financial services provider’s stock valued at $1,907,000 after buying an additional 10,427 shares in the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Stock Performance

Nasdaq stock opened at $78.76 on Monday. The firm has a market capitalization of $45.27 billion, a P/E ratio of 47.16, a PEG ratio of 3.07 and a beta of 0.95. The stock has a fifty day moving average price of $74.28 and a 200 day moving average price of $67.46. Nasdaq, Inc. has a 52 week low of $53.36 and a 52 week high of $80.77. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 earnings per share. Equities research analysts anticipate that Nasdaq, Inc. will post 2.78 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Friday, December 6th. Nasdaq’s payout ratio is 57.49%.

Insider Transactions at Nasdaq

In related news, EVP Jeremy Skule sold 12,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total value of $935,040.00. Following the completion of the transaction, the executive vice president now owns 114,580 shares of the company’s stock, valued at approximately $8,928,073.60. This represents a 9.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Pc Nelson Griggs sold 6,000 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.71, for a total value of $454,260.00. Following the completion of the transaction, the insider now directly owns 215,563 shares of the company’s stock, valued at $16,320,274.73. This represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,384 shares of company stock valued at $2,860,902 over the last quarter. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Bank of America decreased their target price on Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $88.00 target price on shares of Nasdaq in a research report on Friday, October 25th. Keefe, Bruyette & Woods boosted their target price on Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Raymond James upgraded Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 target price on the stock in a research report on Monday, October 14th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.87.

About Nasdaq

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.