Roman Butler Fullerton & Co. Sells 1,114 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Roman Butler Fullerton & Co. lessened its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,818 shares of the financial services provider’s stock after selling 1,114 shares during the period. Roman Butler Fullerton & Co.’s holdings in Nasdaq were worth $1,396,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NDAQ. RB Capital Management LLC increased its holdings in Nasdaq by 15.9% during the 1st quarter. RB Capital Management LLC now owns 3,264 shares of the financial services provider’s stock worth $582,000 after purchasing an additional 448 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Nasdaq by 10.2% in the 1st quarter. American Century Companies Inc. now owns 2,209 shares of the financial services provider’s stock valued at $394,000 after acquiring an additional 205 shares in the last quarter. Raymond James Trust N.A. grew its holdings in shares of Nasdaq by 14.1% in the 1st quarter. Raymond James Trust N.A. now owns 3,932 shares of the financial services provider’s stock valued at $701,000 after acquiring an additional 487 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Nasdaq by 8.4% in the 1st quarter. Sei Investments Co. now owns 136,395 shares of the financial services provider’s stock valued at $24,319,000 after acquiring an additional 10,623 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in shares of Nasdaq by 32.0% in the 1st quarter. Allianz Asset Management GmbH now owns 316,344 shares of the financial services provider’s stock valued at $56,373,000 after acquiring an additional 76,603 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NDAQ shares. Barclays started coverage on Nasdaq in a report on Thursday, April 11th. They issued an “overweight” rating and a $76.00 price objective for the company. UBS Group raised their target price on shares of Nasdaq from $56.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Citigroup raised their target price on shares of Nasdaq from $56.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, January 12th. Rosenblatt Securities reiterated a “buy” rating and issued a $82.00 target price on shares of Nasdaq in a research note on Thursday, February 1st. Finally, StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $67.09.

Nasdaq Stock Performance

NDAQ stock traded up $0.19 during mid-day trading on Thursday, hitting $60.20. 272,518 shares of the company were exchanged, compared to its average volume of 3,100,960. The business has a 50 day simple moving average of $59.30 and a 200-day simple moving average of $55.93. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $34.63 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 2.73 and a beta of 0.93. Nasdaq, Inc. has a 1-year low of $46.88 and a 1-year high of $64.25.

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

Nasdaq Announces Dividend

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

Insider Activity

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

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.