National Bank of Canada FI Sells 195,443 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

National Bank of Canada FI cut its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 46.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 225,035 shares of the financial services provider’s stock after selling 195,443 shares during the quarter. National Bank of Canada FI’s holdings in Nasdaq were worth $17,400,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. bought a new position in shares of Nasdaq in the fourth quarter worth approximately $26,000. Founders Capital Management purchased a new position in shares of Nasdaq during the 4th quarter valued at $27,000. Kestra Investment Management LLC purchased a new stake in Nasdaq in the 4th quarter worth $33,000. Raleigh Capital Management Inc. increased its stake in Nasdaq by 106.6% in the 4th 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 bought a new stake in Nasdaq during the fourth quarter valued at about $41,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Nasdaq Trading Down 5.8 %

Shares of NDAQ opened at $73.79 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The firm has a market capitalization of $42.44 billion, a price-to-earnings ratio of 38.43, a PEG ratio of 2.12 and a beta of 0.96. The company has a 50-day moving average of $78.79 and a 200 day moving average of $77.65. Nasdaq, Inc. has a 1-year low of $58.10 and a 1-year high of $84.15.

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

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.30%. Nasdaq’s dividend payout ratio is currently 50.00%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and lifted their target price for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. Raymond James boosted their target price on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Oppenheimer raised their target price on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. UBS Group boosted 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. Finally, Bank of America raised their price objective on Nasdaq from $103.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $87.94.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Bryan Everard Smith sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was 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 of the company’s stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

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.