Vanguard Personalized Indexing Management LLC Decreases Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Vanguard Personalized Indexing Management LLC lowered its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 5.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,199 shares of the financial services provider’s stock after selling 1,539 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Nasdaq were worth $1,523,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in NDAQ. Loomis Sayles & Co. L P bought a new stake in shares of Nasdaq in the 3rd quarter worth about $26,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Nasdaq in the 4th quarter worth about $29,000. Allworth Financial LP lifted its stake in Nasdaq by 74.9% in the fourth quarter. Allworth Financial LP now owns 815 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 349 shares during the last quarter. Lindbrook Capital LLC boosted its position in shares of Nasdaq by 158.5% during the fourth quarter. Lindbrook Capital LLC now owns 902 shares of the financial services provider’s stock valued at $52,000 after buying an additional 553 shares during the period. Finally, Sunbelt Securities Inc. bought a new position in shares of Nasdaq during the third quarter valued at approximately $65,000. 72.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NDAQ has been the subject of a number of recent analyst reports. The Goldman Sachs Group upgraded Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price objective for the company in a report on Tuesday, March 26th. Rosenblatt Securities downgraded shares of Nasdaq from a “buy” rating to a “neutral” rating and decreased their price target for the company from $76.00 to $64.00 in a research note on Wednesday, May 8th. StockNews.com lowered Nasdaq from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Keefe, Bruyette & Woods dropped their price target on Nasdaq from $75.00 to $74.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Finally, Piper Sandler lifted their price objective on Nasdaq from $70.00 to $71.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and an average target price of $65.92.

Nasdaq Stock Up 0.9 %

Shares of Nasdaq stock opened at $62.76 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.90. The company has a market cap of $36.10 billion, a P/E ratio of 33.03, a PEG ratio of 3.36 and a beta of 0.94. The firm’s 50 day moving average price is $61.10 and its 200-day moving average price is $57.60. Nasdaq, Inc. has a 52-week low of $46.88 and a 52-week high of $64.25.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. Nasdaq had a return on equity of 17.00% and a net margin of 15.98%. The business’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 earnings per share. On average, sell-side analysts predict that Nasdaq, Inc. will post 2.69 EPS for the current fiscal year.

Nasdaq Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.24 dividend. The ex-dividend date is Friday, June 14th. This is a boost from Nasdaq’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a yield of 1.53%. Nasdaq’s dividend payout ratio (DPR) is 46.32%.

Insiders Place Their Bets

In other news, EVP Bryan Everard Smith sold 3,036 shares of Nasdaq stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.89, for a total transaction of $181,826.04. Following the completion of the sale, the executive vice president now directly owns 58,636 shares in the company, valued at $3,511,710.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Nasdaq news, EVP Bryan Everard Smith sold 3,036 shares of Nasdaq stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $59.89, for a total transaction of $181,826.04. Following the completion of the sale, the executive vice president now owns 58,636 shares of the company’s stock, valued at approximately $3,511,710.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the completion of the transaction, the insider now directly owns 58,341,545 shares in the company, valued at $3,383,809,610. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,010,436 shares of company stock valued at $1,798,647,360. Insiders own 0.75% of the company’s stock.

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.