Kintegral Advisory LLC Cuts Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Kintegral Advisory LLC trimmed its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 77,308 shares of the financial services provider’s stock after selling 3,601 shares during the period. Kintegral Advisory LLC’s holdings in Nasdaq were worth $5,977,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of NDAQ. Creative Planning lifted its holdings in shares of Nasdaq by 6.8% during the 3rd quarter. Creative Planning now owns 54,917 shares of the financial services provider’s stock valued at $4,010,000 after buying an additional 3,475 shares during the period. Blue Trust Inc. raised its holdings in Nasdaq by 96.3% during the third quarter. Blue Trust Inc. now owns 2,846 shares of the financial services provider’s stock valued at $208,000 after acquiring an additional 1,396 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Nasdaq by 12.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 20,301 shares of the financial services provider’s stock valued at $1,482,000 after acquiring an additional 2,171 shares during the period. Signaturefd LLC raised its holdings in Nasdaq by 2.5% during the third quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock valued at $481,000 after acquiring an additional 162 shares during the period. Finally, Private Advisor Group LLC raised its holdings in Nasdaq by 7.9% during the third quarter. Private Advisor Group LLC now owns 10,860 shares of the financial services provider’s stock valued at $793,000 after acquiring an additional 795 shares during the period. 72.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on NDAQ. Barclays dropped their price target on Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Raymond James boosted their target price on Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a “hold” rating to a “buy” rating and lifted their price target for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. Morgan Stanley lifted their price target on shares of Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Argus lifted their price target on shares of Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Nasdaq currently has an average rating of “Moderate Buy” and a consensus price target of $86.88.

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Trading Down 1.8 %

Shares of Nasdaq stock opened at $81.07 on Friday. Nasdaq, Inc. has a fifty-two week low of $55.51 and a fifty-two 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 firm has a 50-day simple moving average of $79.63 and a two-hundred day simple moving average of $76.41. The company has a market cap of $46.60 billion, a P/E ratio of 42.22, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share 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%. As a group, equities analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.18%. Nasdaq’s dividend payout ratio (DPR) is 50.00%.

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.