Brown Lisle Cummings Inc. Reduces Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Brown Lisle Cummings Inc. lowered its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 3.9% during the 4th quarter, HoldingsChannel reports. The fund owned 9,080 shares of the financial services provider’s stock after selling 370 shares during the period. Brown Lisle Cummings Inc.’s holdings in Nasdaq were worth $702,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Founders Capital Management bought a new stake in Nasdaq in the fourth quarter worth about $27,000. Catalyst Capital Advisors LLC bought a new stake in shares of Nasdaq during the 3rd quarter worth approximately $27,000. Raleigh Capital Management Inc. boosted its holdings in Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 225 shares during the period. Claro Advisors LLC bought a new position in Nasdaq in the 3rd quarter valued at $33,000. Finally, Focused Wealth Management Inc purchased a new stake in Nasdaq in the third quarter worth $35,000. Institutional investors own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Citigroup upped their price target on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Morgan Stanley raised their target price on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods boosted their price target on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Piper Sandler raised their price objective on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. upped their target price on Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $86.88.

Nasdaq Trading Down 0.5 %

Shares of Nasdaq stock opened at $81.92 on Tuesday. The firm has a 50-day simple moving average of $79.56 and a two-hundred day simple moving average of $74.99. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. Nasdaq, Inc. has a fifty-two week low of $54.90 and a fifty-two week high of $83.77. The company has a market cap of $47.08 billion, a P/E ratio of 42.67, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, equities analysts predict that Nasdaq, Inc. will post 3.17 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s payout ratio is 50.00%.

Insider Activity

In other Nasdaq news, EVP Jeremy Skule sold 12,075 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction of $950,906.25. Following the completion of the sale, the executive vice president now owns 102,505 shares of the company’s stock, valued at $8,072,268.75. This trade represents a 10.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Pc Nelson Griggs sold 5,742 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total value of $444,086.28. Following the sale, the insider now directly owns 205,821 shares of the company’s stock, valued at $15,918,196.14. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,817 shares of company stock worth $2,330,033 over the last three months. Insiders own 0.70% of the company’s stock.

Nasdaq 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.