Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 2.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,126 shares of the financial services provider’s stock after selling 1,450 shares during the period. Mutual of America Capital Management LLC’s holdings in Nasdaq were worth $3,651,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in NDAQ. Invesco Ltd. lifted its stake in shares of Nasdaq by 40.3% during the fourth quarter. Invesco Ltd. now owns 3,902,214 shares of the financial services provider’s stock worth $301,680,000 after buying an additional 1,120,538 shares during the period. FIL Ltd lifted its position in Nasdaq by 87.4% during the fourth quarter. FIL Ltd now owns 410,212 shares of the financial services provider’s stock valued at $31,713,000 after purchasing an additional 191,259 shares during the period. Advisory Services Network LLC lifted its position in Nasdaq by 55.7% during the fourth quarter. Advisory Services Network LLC now owns 6,494 shares of the financial services provider’s stock valued at $502,000 after purchasing an additional 2,324 shares during the period. DRW Securities LLC lifted its position in Nasdaq by 9.4% during the fourth quarter. DRW Securities LLC now owns 3,937 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 337 shares during the period. Finally, Argent Trust Co lifted its position in Nasdaq by 3.1% during the fourth quarter. Argent Trust Co now owns 11,213 shares of the financial services provider’s stock valued at $867,000 after purchasing an additional 332 shares during the period. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Nasdaq

In related news, SVP Michelle Lynn Daly sold 8,691 shares of the company’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $93.45, for a total transaction of $812,173.95. Following the completion of the sale, the senior vice president owned 8,879 shares of the company’s stock, valued at approximately $829,742.55. This represents a 49.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bradley J. Peterson sold 11,508 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the sale, the executive vice president directly owned 111,035 shares of the company’s stock, valued at approximately $9,867,680.45. This represents a 9.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,409 shares of company stock worth $2,887,839 over the last three months. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

NDAQ has been the subject of a number of research reports. Oppenheimer restated an “outperform” rating and set a $101.00 target price (up from $96.00) on shares of Nasdaq in a research report on Tuesday, July 15th. Citigroup restated a “neutral” rating on shares of Nasdaq in a research report on Wednesday, July 9th. Redburn Atlantic upgraded shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $91.00 target price for the company in a research report on Thursday, April 17th. Wall Street Zen upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Friday, April 18th. Finally, Barclays boosted their target price on shares of Nasdaq from $101.00 to $109.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $97.06.

Nasdaq Stock Up 0.4%

NDAQ stock opened at $96.85 on Friday. The stock has a market capitalization of $55.57 billion, a P/E ratio of 37.25, a P/E/G ratio of 2.13 and a beta of 1.00. The firm has a 50-day simple moving average of $89.67 and a 200-day simple moving average of $81.87. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.73. Nasdaq, Inc. has a 52 week low of $64.84 and a 52 week high of $97.47.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 earnings per share. Equities analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.1%. Nasdaq’s payout ratio is currently 41.54%.

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.