Vaughan Nelson Investment Management L.P. reduced its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ – Free Report) by 23.9% in the 4th quarter, HoldingsChannel reports. The fund owned 559,858 shares of the financial services provider’s stock after selling 175,465 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Nasdaq were worth $43,282,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Empowered Funds LLC increased its stake in Nasdaq by 58.4% in the fourth quarter. Empowered Funds LLC now owns 14,036 shares of the financial services provider’s stock valued at $1,085,000 after purchasing an additional 5,176 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Nasdaq in the 4th quarter valued at $70,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Nasdaq by 13.6% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 51,452 shares of the financial services provider’s stock worth $3,978,000 after acquiring an additional 6,166 shares in the last quarter. GHP Investment Advisors Inc. lifted its position in Nasdaq by 19.5% in the fourth quarter. GHP Investment Advisors Inc. now owns 133,504 shares of the financial services provider’s stock valued at $10,321,000 after acquiring an additional 21,768 shares during the last quarter. Finally, Elm3 Financial Group LLC purchased a new stake in Nasdaq in the fourth quarter valued at $294,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.
Insiders Place Their Bets
In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the transaction, the executive vice president now owns 55,576 shares in the company, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jeremy Skule sold 12,075 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the completion of the sale, the executive vice president now directly owns 102,505 shares in the company, valued at $8,072,268.75. This trade represents a 10.54 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.
Nasdaq Stock Performance
Nasdaq (NASDAQ:NDAQ – Get Free Report) last released its quarterly earnings data 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%. On average, equities analysts forecast that Nasdaq, Inc. will post 3.17 EPS for the current year.
Nasdaq Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Friday, March 14th. Nasdaq’s dividend payout ratio is currently 50.00%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on NDAQ shares. Argus lifted their target price on Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. TD Cowen cut their price target on Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and increased their price objective for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 target price on shares of Nasdaq in a report on Thursday, January 30th. Finally, UBS Group increased their price target on shares of Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $86.88.
Check Out Our Latest Analysis on NDAQ
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.
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