Public Employees Retirement System of Ohio Sells 3,504 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Public Employees Retirement System of Ohio decreased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 2.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 143,896 shares of the financial services provider’s stock after selling 3,504 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Nasdaq were worth $9,080,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Smithfield Trust Co lifted its position in shares of Nasdaq by 22.0% during the 1st quarter. Smithfield Trust Co now owns 960 shares of the financial services provider’s stock worth $59,000 after buying an additional 173 shares in the last quarter. Greenleaf Trust increased its stake in shares of Nasdaq by 1.6% during the 1st quarter. Greenleaf Trust now owns 11,330 shares of the financial services provider’s stock worth $715,000 after purchasing an additional 183 shares during the last quarter. Salem Investment Counselors Inc. increased its stake in shares of Nasdaq by 89.3% during the 1st quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 201 shares during the last quarter. Cigna Investments Inc. New increased its stake in shares of Nasdaq by 5.6% during the 1st quarter. Cigna Investments Inc. New now owns 3,872 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 205 shares during the last quarter. Finally, Bollard Group LLC increased its stake in shares of Nasdaq by 0.4% during the 4th quarter. Bollard Group LLC now owns 71,273 shares of the financial services provider’s stock worth $4,144,000 after purchasing an additional 274 shares during the last quarter. Institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,036 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $59.89, for a total value of $181,826.04. Following the transaction, the executive vice president now owns 58,636 shares in the company, valued at $3,511,710.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NDAQ. Edward Jones began coverage on shares of Nasdaq in a research note on Wednesday, April 3rd. They set a “buy” rating for the company. Rosenblatt Securities lowered shares of Nasdaq from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $76.00 to $64.00 in a research note on Wednesday, May 8th. Keefe, Bruyette & Woods lifted their price objective on shares of Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday. Morgan Stanley upgraded shares of Nasdaq from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $59.00 to $80.00 in a research note on Tuesday, April 9th. Finally, StockNews.com lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Nasdaq has a consensus rating of “Moderate Buy” and an average price target of $68.25.

Nasdaq Price Performance

Shares of NDAQ traded up $0.96 during mid-day trading on Monday, reaching $67.92. 16,079,027 shares of the stock traded hands, compared to its average volume of 2,915,019. The firm has a fifty day moving average price of $60.90 and a 200 day moving average price of $59.81. The company has a market cap of $39.07 billion, a price-to-earnings ratio of 35.24, a price-to-earnings-growth ratio of 3.07 and a beta of 0.94. The company has a current ratio of 0.94, a quick ratio of 0.99 and a debt-to-equity ratio of 0.85. Nasdaq, Inc. has a 1 year low of $46.88 and a 1 year high of $68.40.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 EPS. As a group, equities research analysts predict that Nasdaq, Inc. will post 2.71 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Friday, September 13th. Nasdaq’s dividend payout ratio is presently 50.53%.

Nasdaq Company Profile

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.