Nasdaq, Inc. $NDAQ Stock Holdings Trimmed by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 63.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 17,784 shares of the financial services provider’s stock after selling 31,223 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Nasdaq were worth $1,727,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. NBC Securities Inc. raised its stake in shares of Nasdaq by 7.8% during the fourth quarter. NBC Securities Inc. now owns 1,529 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 111 shares in the last quarter. ORG Wealth Partners LLC grew its position in Nasdaq by 6.9% in the 4th quarter. ORG Wealth Partners LLC now owns 1,746 shares of the financial services provider’s stock valued at $170,000 after buying an additional 112 shares in the last quarter. Independent Advisor Alliance grew its position in Nasdaq by 2.6% in the 4th quarter. Independent Advisor Alliance now owns 4,574 shares of the financial services provider’s stock valued at $444,000 after buying an additional 117 shares in the last quarter. Orgel Wealth Management LLC increased its stake in Nasdaq by 4.7% during the 4th quarter. Orgel Wealth Management LLC now owns 2,623 shares of the financial services provider’s stock valued at $255,000 after buying an additional 118 shares during the period. Finally, Frank Rimerman Advisors LLC raised its position in shares of Nasdaq by 1.5% during the 4th quarter. Frank Rimerman Advisors LLC now owns 8,560 shares of the financial services provider’s stock worth $831,000 after buying an additional 128 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Performance

Shares of NDAQ opened at $86.72 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00. The firm’s 50 day moving average is $88.76 and its 200-day moving average is $90.11. Nasdaq, Inc. has a 12-month low of $77.09 and a 12-month high of $101.79. The stock has a market capitalization of $49.04 billion, a P/E ratio of 26.12, a P/E/G ratio of 1.75 and a beta of 0.97.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, April 23rd. The financial services provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $1.42 billion. Nasdaq had a net margin of 23.15% and a return on equity of 17.51%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.79 earnings per share. Equities research analysts anticipate that Nasdaq, Inc. will post 3.86 EPS for the current fiscal year.

Nasdaq Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.24 annualized dividend and a dividend yield of 1.4%. This is a boost from Nasdaq’s previous quarterly dividend of $0.27. Nasdaq’s dividend payout ratio is 32.53%.

Insider Buying and Selling

In other news, SVP Michelle Lynn Daly sold 1,323 shares of the company’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $88.82, for a total transaction of $117,508.86. Following the completion of the sale, the senior vice president directly owned 10,089 shares of the company’s stock, valued at $896,104.98. This represents a 11.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Cohen Tal sold 15,518 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $90.75, for a total value of $1,408,258.50. Following the completion of the transaction, the insider owned 215,208 shares of the company’s stock, valued at $19,530,126. This trade represents a 6.73% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 138,162 shares of company stock valued at $11,932,913. 0.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upped their price target on shares of Nasdaq from $92.00 to $97.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Wall Street Zen raised Nasdaq from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Raymond James Financial restated an “outperform” rating and issued a $109.00 target price on shares of Nasdaq in a research report on Wednesday, February 25th. Loop Capital set a $113.00 price target on Nasdaq in a research report on Friday, April 24th. Finally, Barclays boosted their price objective on Nasdaq from $115.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $107.15.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.