Nasdaq, Inc. $NDAQ Shares Sold by Barclays PLC

Barclays PLC lessened its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 49.1% in the 4th quarter, Holdings Channel reports. The firm owned 1,245,999 shares of the financial services provider’s stock after selling 1,202,440 shares during the period. Barclays PLC’s holdings in Nasdaq were worth $121,024,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NDAQ. Legal & General Group Plc boosted its position in Nasdaq by 1.6% in the 4th quarter. Legal & General Group Plc now owns 2,855,235 shares of the financial services provider’s stock valued at $277,329,000 after buying an additional 45,783 shares during the period. M&T Bank Corp boosted its position in Nasdaq by 27.5% in the 4th quarter. M&T Bank Corp now owns 61,076 shares of the financial services provider’s stock valued at $5,933,000 after buying an additional 13,160 shares during the period. AlphaCore Capital LLC purchased a new position in Nasdaq in the 4th quarter valued at approximately $1,245,000. Advisors Preferred LLC purchased a new stake in shares of Nasdaq during the 4th quarter worth $4,872,000. Finally, Intech Investment Management LLC grew its stake in shares of Nasdaq by 129.2% during the third quarter. Intech Investment Management LLC now owns 55,134 shares of the financial services provider’s stock worth $4,877,000 after purchasing an additional 31,081 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Transactions at Nasdaq

In related news, major shareholder Ab Investor purchased 56,782 shares of Nasdaq stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average cost of $85.98 per share, with a total value of $4,882,116.36. Following the completion of the transaction, the insider directly owned 58,439,208 shares in the company, valued at approximately $5,024,603,103.84. The trade was a 0.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adena T. Friedman sold 113,611 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $85.44, for a total transaction of $9,706,923.84. Following the completion of the sale, the chief executive officer directly owned 1,965,751 shares of the company’s stock, valued at approximately $167,953,765.44. This trade represents a 5.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 138,162 shares of company stock valued at $11,932,913 over the last quarter. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NDAQ has been the subject of a number of analyst reports. Raymond James Financial reiterated an “outperform” rating and set a $109.00 target price on shares of Nasdaq in a research note on Wednesday, February 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Nasdaq in a research note on Wednesday, April 22nd. Keefe, Bruyette & Woods boosted their target price 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. TD Cowen upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their target price for the stock from $105.00 to $106.00 in a research note on Thursday, February 26th. Finally, Rothschild & Co Redburn set a $110.00 target price on shares of Nasdaq in a research note on Thursday. One investment 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $107.36.

Nasdaq Price Performance

Shares of NDAQ opened at $91.04 on Tuesday. Nasdaq, Inc. has a 1-year low of $77.09 and a 1-year high of $101.79. The stock has a market cap of $51.49 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. 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 has a fifty day moving average price of $88.96 and a 200 day moving average price of $90.12.

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

Nasdaq Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.4%. This is a boost from Nasdaq’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, June 12th. Nasdaq’s dividend payout ratio is presently 37.35%.

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.