Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT decreased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 27.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,314 shares of the financial services provider’s stock after selling 22,510 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Nasdaq were worth $4,508,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Olstein Capital Management L.P. grew its stake in Nasdaq by 35.6% during the 4th quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider’s stock worth $6,185,000 after purchasing an additional 21,000 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Nasdaq by 75.7% during the fourth quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock worth $4,170,000 after buying an additional 23,244 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Nasdaq by 26.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider’s stock worth $3,454,000 after buying an additional 9,130 shares during the period. USA Financial Formulas acquired a new stake in Nasdaq in the fourth quarter valued at approximately $856,000. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Nasdaq by 49.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 164,179 shares of the financial services provider’s stock worth $11,987,000 after acquiring an additional 54,594 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Down 1.8 %

NDAQ stock opened at $81.07 on Friday. The company has a market cap of $46.60 billion, a price-to-earnings ratio of 42.22, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99. The company has a fifty day moving average price of $79.63 and a 200 day moving average price of $76.41. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. Nasdaq, Inc. has a 12 month low of $55.51 and a 12 month high of $84.15.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 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%. Sell-side analysts expect that Nasdaq, Inc. will post 3.17 earnings per share for the current year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s payout ratio is 50.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on NDAQ shares. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a “hold” rating to a “buy” rating and increased their price objective for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, December 14th. Barclays decreased their price target on Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Raymond James increased their price objective on Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $95.00 target price on shares of Nasdaq in a research note on Thursday, January 30th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $86.88.

Insider Activity

In related news, EVP Bryan Everard Smith sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the sale, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. This represents a 5.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.

About Nasdaq

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.