Sei Investments Co. Sells 10,569 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Sei Investments Co. lowered its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 314,059 shares of the financial services provider’s stock after selling 10,569 shares during the quarter. Sei Investments Co. owned 0.05% of Nasdaq worth $24,280,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of NDAQ. Olstein Capital Management L.P. grew its stake in shares of Nasdaq by 35.6% in the 4th quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider’s stock worth $6,185,000 after acquiring an additional 21,000 shares in the last quarter. NINE MASTS CAPITAL Ltd bought a new stake in Nasdaq in the 4th quarter worth about $274,000. Pacer Advisors Inc. increased its stake in Nasdaq by 75.7% in the 4th quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock valued at $4,170,000 after buying an additional 23,244 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Nasdaq by 26.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider’s stock valued at $3,454,000 after buying an additional 9,130 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its position in shares of Nasdaq by 892.3% during the 4th quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider’s stock worth $4,689,000 after buying an additional 54,535 shares in the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Sarah Youngwood sold 14,959 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the transaction, the executive vice president now directly owns 59,694 shares in the company, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 55,576 shares in the company, valued at $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Trading Down 0.2 %

Shares of Nasdaq stock opened at $77.53 on Thursday. The company’s 50-day moving average price is $79.24 and its 200-day moving average price is $77.54. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a 12-month low of $58.10 and a 12-month high of $84.15. The company has a market cap of $44.59 billion, a price-to-earnings ratio of 40.38, a PEG ratio of 2.12 and a beta of 0.96.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results 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 net margin of 15.10% and a return on equity of 14.82%. On average, equities analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 1.24%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s payout ratio is 50.00%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Citigroup increased their price target on Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Raymond James lifted their target price on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a research report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, Barclays reduced their target price on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a research report 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $86.88.

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.