Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Sabal Trust CO

Sabal Trust CO decreased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 413,234 shares of the financial services provider’s stock after selling 18,791 shares during the period. Nasdaq makes up about 1.8% of Sabal Trust CO’s holdings, making the stock its 13th biggest position. Sabal Trust CO owned approximately 0.07% of Nasdaq worth $31,947,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Amalgamated Bank boosted its holdings in Nasdaq by 0.5% during the fourth quarter. Amalgamated Bank now owns 81,669 shares of the financial services provider’s stock worth $6,314,000 after buying an additional 430 shares in the last quarter. FourThought Financial Partners LLC lifted its position in shares of Nasdaq by 1.0% during the 4th quarter. FourThought Financial Partners LLC now owns 90,735 shares of the financial services provider’s stock valued at $7,015,000 after acquiring an additional 917 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Nasdaq by 29.3% during the 4th quarter. Bank of New York Mellon Corp now owns 3,305,975 shares of the financial services provider’s stock worth $255,585,000 after acquiring an additional 748,486 shares in the last quarter. Crestwood Advisors Group LLC grew its holdings in shares of Nasdaq by 4.1% in the 4th quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider’s stock worth $295,000 after acquiring an additional 152 shares during the period. Finally, World Equity Group Inc. acquired a new stake in shares of Nasdaq in the 4th quarter worth approximately $1,099,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the transaction, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Oppenheimer boosted their target price on Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. William Blair started coverage on shares of Nasdaq in a research report on Monday, November 25th. They issued an “outperform” rating on the stock. Royal Bank of Canada restated an “outperform” rating and set a $95.00 target price on shares of Nasdaq in a report on Thursday, January 30th. Keefe, Bruyette & Woods upped their price target on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Finally, Raymond James raised their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $86.88.

Nasdaq Trading Down 0.5 %

NASDAQ NDAQ opened at $79.55 on Wednesday. The firm has a market capitalization of $45.72 billion, a price-to-earnings ratio of 41.43, a PEG ratio of 2.12 and a beta of 0.99. 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 one year low of $55.51 and a one year high of $84.15. The company’s 50 day moving average price is $79.62 and its 200 day moving average price is $76.72.

Nasdaq (NASDAQ:NDAQ) last issued 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%. On average, sell-side analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Friday, March 14th. Nasdaq’s payout ratio is 50.00%.

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.