Natixis Advisors LLC Has $43.65 Million Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Natixis Advisors LLC lessened its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 4.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 564,660 shares of the financial services provider’s stock after selling 27,312 shares during the quarter. Natixis Advisors LLC owned approximately 0.10% of Nasdaq worth $43,654,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Olstein Capital Management L.P. increased its position 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 valued at $6,185,000 after purchasing an additional 21,000 shares during the period. NINE MASTS CAPITAL Ltd bought a new position in shares of Nasdaq during the 4th quarter worth approximately $274,000. Pacer Advisors Inc. boosted its holdings in shares of Nasdaq by 75.7% during the 4th 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. boosted its holdings in shares of Nasdaq by 26.1% during the 4th 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 in the last quarter. Finally, USA Financial Formulas bought a new position in shares of Nasdaq during the 4th quarter worth approximately $856,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Activity

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

Analysts Set New Price Targets

NDAQ has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods increased their price target on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Barclays cut their price target on Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a report on Thursday, January 30th. Raymond James increased their target price on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a “hold” rating to a “buy” rating and increased their target price for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ opened at $73.26 on Monday. Nasdaq, Inc. has a 1-year low of $57.96 and a 1-year high of $84.15. The stock has a market cap of $42.14 billion, a PE ratio of 38.16, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. The stock’s fifty day simple moving average is $79.30 and its two-hundred day simple moving average is $77.34. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. As a group, analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

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 given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s dividend payout ratio is presently 50.00%.

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.