IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 1,898 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 31.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,206 shares of the financial services provider’s stock after selling 1,898 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Nasdaq were worth $325,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NDAQ. NEOS Investment Management LLC lifted its holdings in Nasdaq by 31.7% during the 4th quarter. NEOS Investment Management LLC now owns 20,701 shares of the financial services provider’s stock worth $1,600,000 after buying an additional 4,979 shares during the period. UniSuper Management Pty Ltd lifted its stake in shares of Nasdaq by 21.3% in the fourth quarter. UniSuper Management Pty Ltd now owns 39,095 shares of the financial services provider’s stock worth $3,022,000 after acquiring an additional 6,860 shares during the period. Elo Mutual Pension Insurance Co boosted its holdings in Nasdaq by 7.0% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 40,832 shares of the financial services provider’s stock valued at $3,157,000 after acquiring an additional 2,663 shares during the last quarter. Artisan Partners Limited Partnership increased its position in Nasdaq by 6.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,362,414 shares of the financial services provider’s stock valued at $105,328,000 after purchasing an additional 77,285 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Nasdaq by 14.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 682,229 shares of the financial services provider’s stock worth $53,364,000 after purchasing an additional 87,096 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Performance

Shares of NDAQ opened at $74.91 on Friday. The firm has a market capitalization of $43.08 billion, a P/E ratio of 39.02, a P/E/G ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a 52 week low of $58.10 and a 52 week high of $84.15. The stock has a 50 day moving average price of $79.12 and a two-hundred day moving average price of $77.55. 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 (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Friday, March 14th. Nasdaq’s dividend payout ratio (DPR) is presently 50.00%.

Insiders Place Their Bets

In related news, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the transaction, the executive vice president now owns 59,694 shares in the company, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $285,460.00. Following the completion of the sale, the executive vice president now directly owns 55,576 shares in the company, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NDAQ shares. Citigroup increased their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. UBS Group lifted their price objective on Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. boosted their price objective on Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Keefe, Bruyette & Woods raised their target price on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Finally, Raymond James boosted their price target on Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Nasdaq presently has an average rating of “Moderate Buy” and an average target price of $86.88.

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.