Rosenberg Matthew Hamilton Sells 480 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Rosenberg Matthew Hamilton decreased its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 9.2% during the 4th quarter, Holdings Channel reports. The firm owned 4,759 shares of the financial services provider’s stock after selling 480 shares during the period. Rosenberg Matthew Hamilton’s holdings in Nasdaq were worth $368,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new stake in Nasdaq during the 3rd quarter valued at $27,000. Founders Capital Management purchased a new stake in shares of Nasdaq during the fourth quarter worth about $27,000. Claro Advisors LLC bought a new stake in shares of Nasdaq in the third quarter worth about $33,000. Focused Wealth Management Inc purchased a new position in Nasdaq during the 3rd quarter valued at about $35,000. Finally, Peterson Financial Group Inc. bought a new position in Nasdaq during the 3rd quarter valued at approximately $42,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NDAQ. Piper Sandler lifted their price objective on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. William Blair initiated coverage on shares of Nasdaq in a report on Monday, November 25th. They issued an “outperform” rating on the stock. Barclays reduced their price objective on shares of Nasdaq from $97.00 to $96.00 and set an “overweight” rating on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a “hold” rating to a “buy” rating and raised their target price for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. Finally, StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Saturday, December 14th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.73.

Nasdaq Stock Up 0.4 %

NDAQ stock opened at $76.18 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The business has a 50 day moving average of $79.29 and a 200 day moving average of $73.00. Nasdaq, Inc. has a twelve month low of $54.90 and a twelve month high of $83.77. The firm has a market cap of $43.79 billion, a PE ratio of 45.62, a price-to-earnings-growth ratio of 3.12 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the firm earned $0.71 EPS. Nasdaq’s quarterly revenue was up 21.9% compared to the same quarter last year. On average, research analysts forecast that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Friday, December 6th. Nasdaq’s payout ratio is 57.49%.

Insider Activity at Nasdaq

In other news, insider Pc Nelson Griggs sold 5,742 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total transaction of $444,086.28. Following the sale, the insider now owns 205,821 shares of the company’s stock, valued at $15,918,196.14. This trade represents a 2.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Bradley J. Peterson sold 13,642 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the transaction, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at $10,757,955.60. The trade was a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,459 shares of company stock valued at $3,811,808 over the last 90 days. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Company 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.