Mackenzie Financial Corp Sells 17,609 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Mackenzie Financial Corp lessened its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 37.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 29,064 shares of the financial services provider’s stock after selling 17,609 shares during the period. Mackenzie Financial Corp’s holdings in Nasdaq were worth $1,690,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P bought a new position in Nasdaq during the third quarter valued at approximately $26,000. Turtle Creek Wealth Advisors LLC acquired a new position in Nasdaq during the fourth quarter valued at approximately $29,000. Carmel Capital Partners LLC acquired a new position in Nasdaq during the third quarter valued at approximately $32,000. Allworth Financial LP grew its holdings in Nasdaq by 74.9% during the fourth quarter. Allworth Financial LP now owns 815 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 349 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in Nasdaq during the third quarter valued at approximately $65,000. Institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

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

Nasdaq Trading Down 0.2 %

Shares of NDAQ stock opened at $61.09 on Wednesday. Nasdaq, Inc. has a 1 year low of $46.88 and a 1 year high of $64.25. The firm’s fifty day simple moving average is $59.63 and its 200 day simple moving average is $56.32. The firm has a market capitalization of $35.14 billion, a P/E ratio of 28.95, a price-to-earnings-growth ratio of 2.74 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.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. Nasdaq’s revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.64 earnings per share. As a group, sell-side analysts predict that Nasdaq, Inc. will post 2.76 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was Wednesday, March 13th. Nasdaq’s dividend payout ratio (DPR) is presently 41.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Barclays assumed coverage on Nasdaq in a report on Thursday, April 11th. They set an “overweight” rating and a $76.00 price target on the stock. Piper Sandler increased their price target on Nasdaq from $70.00 to $71.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. The Goldman Sachs Group upgraded Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price target on the stock in a report on Tuesday, March 26th. Oppenheimer increased their price target on Nasdaq from $65.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, Edward Jones began coverage on Nasdaq in a report on Wednesday, April 3rd. They set a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $67.09.

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.