Rhumbline Advisers Sells 8,975 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Rhumbline Advisers lowered its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 842,679 shares of the financial services provider’s stock after selling 8,975 shares during the quarter. Rhumbline Advisers owned 0.15% of Nasdaq worth $65,147,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NDAQ. Wellington Management Group LLP increased its stake in Nasdaq by 163.3% in the third quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock valued at $2,835,235,000 after acquiring an additional 24,084,154 shares during the period. Mizuho Securities USA LLC grew its stake in Nasdaq by 13,532.3% during the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock worth $292,040,000 after buying an additional 3,970,658 shares during the last quarter. State Street Corp grew its stake in Nasdaq by 11.2% during the third quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock worth $1,310,653,000 after buying an additional 1,811,616 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in Nasdaq during the fourth quarter worth about $110,867,000. Finally, Harris Associates L P grew its stake in Nasdaq by 14.6% during the third quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock worth $627,596,000 after buying an additional 1,096,090 shares during the last quarter. Institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Down 1.0 %

Shares of NASDAQ:NDAQ opened at $80.91 on Monday. Nasdaq, Inc. has a 52 week low of $54.90 and a 52 week high of $84.15. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The company has a market capitalization of $46.50 billion, a PE ratio of 42.14, a PEG ratio of 2.15 and a beta of 0.99. The company has a 50 day moving average price of $79.51 and a two-hundred day moving average price of $76.01.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Analysts forecast that Nasdaq, Inc. will post 3.17 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.19%. The ex-dividend date is Friday, March 14th. Nasdaq’s payout ratio is presently 50.00%.

Insider Buying and Selling at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the sale, the executive vice president now owns 55,576 shares of the company’s stock, valued at $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on NDAQ. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Nasdaq in a research note on Thursday, January 30th. Barclays decreased their price objective on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Raymond James upped their target price on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Argus upped their target price on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Morgan Stanley upped their target price on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Nasdaq has an average rating of “Moderate Buy” and a consensus target price of $86.88.

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.