Mutual of America Capital Management LLC Sells 8,659 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Mutual of America Capital Management LLC decreased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 16.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 45,555 shares of the financial services provider’s stock after selling 8,659 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Nasdaq were worth $2,649,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in NDAQ. RB Capital Management LLC increased its holdings in shares of Nasdaq by 15.9% during the 1st quarter. RB Capital Management LLC now owns 3,264 shares of the financial services provider’s stock worth $582,000 after purchasing an additional 448 shares during the period. American Century Companies Inc. boosted its position in shares of Nasdaq by 10.2% during the 1st quarter. American Century Companies Inc. now owns 2,209 shares of the financial services provider’s stock valued at $394,000 after acquiring an additional 205 shares in the last quarter. Raymond James Trust N.A. boosted its position in shares of Nasdaq by 14.1% during the 1st quarter. Raymond James Trust N.A. now owns 3,932 shares of the financial services provider’s stock valued at $701,000 after acquiring an additional 487 shares in the last quarter. Sei Investments Co. boosted its position in shares of Nasdaq by 8.4% during the 1st quarter. Sei Investments Co. now owns 136,395 shares of the financial services provider’s stock valued at $24,319,000 after acquiring an additional 10,623 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its position in shares of Nasdaq by 32.0% during the 1st quarter. Allianz Asset Management GmbH now owns 316,344 shares of the financial services provider’s stock valued at $56,373,000 after acquiring an additional 76,603 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Insiders Place Their Bets

In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the completion of the transaction, the insider now directly owns 58,341,545 shares of the company’s stock, valued at $3,383,809,610. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the transaction, the insider now directly owns 58,341,545 shares in the company, valued at $3,383,809,610. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Bryan Everard Smith sold 7,400 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.91, for a total transaction of $465,534.00. Following the completion of the transaction, the executive vice president now owns 61,672 shares in the company, valued at $3,879,785.52. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on NDAQ. The Goldman Sachs Group upgraded shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 target price on the stock in a research report on Tuesday, March 26th. UBS Group lifted their target price on shares of Nasdaq from $56.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Rosenblatt Securities reiterated a “buy” rating and set a $82.00 target price on shares of Nasdaq in a research report on Thursday, February 1st. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Finally, Edward Jones began coverage on shares of Nasdaq in a research report on Wednesday, April 3rd. They issued a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $67.09.

Nasdaq Trading Up 0.1 %

Shares of NASDAQ NDAQ opened at $60.07 on Friday. Nasdaq, Inc. has a 1-year low of $46.88 and a 1-year high of $64.25. The company has a market cap of $34.55 billion, a PE ratio of 28.47, a P/E/G ratio of 2.73 and a beta of 0.93. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.94. The company has a 50-day moving average of $59.37 and a two-hundred day moving average of $55.96.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm posted $0.64 earnings per share. The company’s revenue was up 21.4% on a year-over-year basis. As a group, equities analysts expect that Nasdaq, Inc. will post 2.75 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Wednesday, March 13th. Nasdaq’s dividend payout ratio is presently 41.71%.

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.