Wilmington Savings Fund Society FSB Sells 680 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Wilmington Savings Fund Society FSB cut its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 3.9% in the 4th quarter, Holdings Channel reports. The firm owned 16,664 shares of the financial services provider’s stock after selling 680 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Nasdaq were worth $1,288,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in Nasdaq in the fourth quarter valued at about $70,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Nasdaq by 13.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 51,452 shares of the financial services provider’s stock valued at $3,978,000 after purchasing an additional 6,166 shares in the last quarter. GHP Investment Advisors Inc. grew its holdings in shares of Nasdaq by 19.5% during the 4th quarter. GHP Investment Advisors Inc. now owns 133,504 shares of the financial services provider’s stock valued at $10,321,000 after purchasing an additional 21,768 shares during the last quarter. Elm3 Financial Group LLC bought a new stake in shares of Nasdaq during the fourth quarter worth $294,000. Finally, Tyche Wealth Partners LLC bought a new stake in Nasdaq during the 4th quarter worth $669,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NDAQ shares. William Blair started coverage on shares of Nasdaq in a report on Monday, November 25th. They issued an “outperform” rating for the company. Morgan Stanley boosted their price objective on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Citigroup raised their target price on Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Argus upped their price target on Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Raymond James raised their price objective on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $82.82 on Monday. Nasdaq, Inc. has a 12-month low of $54.90 and a 12-month high of $84.15. The company has a market cap of $47.60 billion, a P/E ratio of 43.14, a PEG ratio of 2.15 and a beta of 0.99. The company has a fifty day simple moving average of $79.55 and a 200 day simple moving average of $75.56. 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 (NASDAQ:NDAQ) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping 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%. Sell-side analysts predict that Nasdaq, Inc. will post 3.17 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business 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. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.16%. Nasdaq’s payout ratio is 50.00%.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 12,075 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the completion of the sale, the executive vice president now owns 102,505 shares in the company, valued at approximately $8,072,268.75. This trade represents a 10.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the sale, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Nasdaq 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.