Segall Bryant & Hamill LLC Lowers Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Segall Bryant & Hamill LLC cut its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 112,626 shares of the financial services provider’s stock after selling 3,967 shares during the period. Segall Bryant & Hamill LLC’s holdings in Nasdaq were worth $8,707,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Rakuten Securities Inc. purchased a new stake in shares of Nasdaq in the fourth quarter valued at approximately $26,000. Founders Capital Management purchased a new stake in Nasdaq during the 4th quarter worth about $27,000. Kestra Investment Management LLC acquired a new stake in shares of Nasdaq during the 4th quarter worth about $33,000. Raleigh Capital Management Inc. grew its holdings in shares of Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after buying an additional 225 shares in the last quarter. Finally, TCTC Holdings LLC acquired a new position in shares of Nasdaq in the fourth quarter valued at approximately $41,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the business’s 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 directly owns 55,576 shares of the company’s stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the transaction, the executive vice president now owns 59,694 shares of the company’s stock, valued at approximately $4,398,253.92. This trade represents a 20.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on NDAQ shares. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a “hold” rating to a “buy” rating and lifted their target price for the stock from $80.00 to $98.00 in a research note on Wednesday, January 8th. Citigroup upped their target price on Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Oppenheimer raised their price target on Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Nasdaq in a research note on Thursday, January 30th. Finally, UBS Group raised their target price on shares of Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Five investment 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 presently has an average rating of “Moderate Buy” and a consensus target price of $86.88.

Nasdaq Trading Down 0.2 %

NASDAQ:NDAQ opened at $77.53 on Thursday. The company has a market cap of $44.59 billion, a PE ratio of 40.38, a P/E/G ratio of 2.12 and a beta of 0.96. The business’s 50 day moving average is $79.24 and its two-hundred day moving average is $77.54. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a 52 week low of $58.10 and a 52 week high of $84.15.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. On average, analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Friday, March 14th. Nasdaq’s dividend payout ratio (DPR) is 50.00%.

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.