Meiji Yasuda Asset Management Co Ltd. Sells 18,180 Shares of Nasdaq, Inc. $NDAQ

Meiji Yasuda Asset Management Co Ltd. trimmed its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 61.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,184 shares of the financial services provider’s stock after selling 18,180 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Nasdaq were worth $1,086,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NBC Securities Inc. increased its position in Nasdaq by 7.8% in the 4th quarter. NBC Securities Inc. now owns 1,529 shares of the financial services provider’s stock valued at $149,000 after buying an additional 111 shares in the last quarter. ORG Wealth Partners LLC increased 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 increased 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 position in Nasdaq by 4.7% in 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 in the last quarter. Finally, Frank Rimerman Advisors LLC increased its holdings in 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 purchasing an additional 128 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Michelle Lynn Daly sold 1,323 shares of Nasdaq 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 sale, the senior vice president directly owned 10,089 shares in the company, valued at approximately $896,104.98. This trade represents a 11.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Bradley J. Peterson sold 7,710 shares of Nasdaq stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $90.82, for a total value of $700,222.20. Following the sale, the executive vice president owned 141,035 shares in the company, valued at $12,808,798.70. This trade represents a 5.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 231,002 shares of company stock valued at $20,295,941. 0.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on NDAQ shares. Royal Bank Of Canada reissued an “outperform” rating and set a $108.00 price objective on shares of Nasdaq in a report on Friday, January 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Nasdaq in a report on Wednesday, April 22nd. Wall Street Zen raised Nasdaq from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Barclays boosted their price objective on Nasdaq from $115.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Finally, TD Cowen raised Nasdaq from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $105.00 to $106.00 in a report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $107.15.

Nasdaq Stock Performance

Shares of Nasdaq stock opened at $91.01 on Friday. The business’s fifty day simple moving average is $87.62 and its 200 day simple moving average is $89.86. The firm has a market capitalization of $51.47 billion, a P/E ratio of 27.41, a price-to-earnings-growth ratio of 1.86 and a beta of 0.98. Nasdaq, Inc. has a 12 month low of $77.09 and a 12 month high of $101.79. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $1.42 billion. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.Nasdaq’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the company posted $0.79 earnings per share. As a group, analysts anticipate that Nasdaq, Inc. will post 3.86 EPS for the current year.

Nasdaq Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.4%. This is an increase from Nasdaq’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, June 12th. Nasdaq’s dividend payout ratio is 32.53%.

Nasdaq 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.