Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC decreased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 829,433 shares of the financial services provider’s stock after selling 40,889 shares during the quarter. Manning & Napier Advisors LLC owned approximately 0.14% of Nasdaq worth $64,124,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NDAQ. Catalyst Capital Advisors LLC acquired a new stake in Nasdaq in the third quarter worth about $27,000. Founders Capital Management bought a new stake in shares of Nasdaq during the 4th quarter worth about $27,000. Claro Advisors LLC acquired a new stake in shares of Nasdaq in the 3rd quarter worth approximately $33,000. Raleigh Capital Management Inc. boosted its holdings in shares of Nasdaq by 106.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 225 shares in the last quarter. Finally, Focused Wealth Management Inc acquired a new position in shares of Nasdaq during the third quarter valued at approximately $35,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Nasdaq news, EVP Jeremy Skule sold 12,075 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction of $950,906.25. Following the completion of the transaction, the executive vice president now owns 102,505 shares of the company’s stock, valued at $8,072,268.75. This represents a 10.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Pc Nelson Griggs sold 5,742 shares of Nasdaq stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total transaction of $444,086.28. Following the completion of the sale, the insider now owns 205,821 shares in the company, valued at approximately $15,918,196.14. This trade represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,817 shares of company stock worth $2,330,033. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NDAQ has been the subject of several research analyst reports. Piper Sandler upped their price objective on Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Barclays dropped their target price on shares of Nasdaq from $97.00 to $96.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. William Blair started coverage on shares of Nasdaq in a research report on Monday, November 25th. They issued an “outperform” rating on the stock. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Saturday, December 14th. Finally, Raymond James lifted 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. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $85.73.

Nasdaq Trading Down 1.8 %

Shares of NASDAQ:NDAQ traded down $1.43 during mid-day trading on Wednesday, reaching $79.76. 2,160,168 shares of the company’s stock were exchanged, compared to its average volume of 2,504,527. The firm has a market capitalization of $45.84 billion, a price-to-earnings ratio of 47.69, a PEG ratio of 2.77 and a beta of 0.98. Nasdaq, Inc. has a twelve month low of $54.90 and a twelve month high of $83.77. The business’s fifty day moving average price is $79.47 and its 200-day moving average price is $74.46. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. On average, research analysts predict that Nasdaq, Inc. will post 2.81 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders 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 yield of 1.20%. Nasdaq’s payout ratio is presently 57.49%.

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.