Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. reduced its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 21.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,441 shares of the financial services provider’s stock after selling 10,318 shares during the period. Pittenger & Anderson Inc.’s holdings in Nasdaq were worth $2,177,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Counterpoint Mutual Funds LLC increased its holdings in shares of Nasdaq by 8.1% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 2,675 shares of the financial services provider’s stock worth $130,000 after acquiring an additional 201 shares during the period. Coldstream Capital Management Inc. boosted its position in shares of Nasdaq by 5.6% during the third quarter. Coldstream Capital Management Inc. now owns 4,788 shares of the financial services provider’s stock worth $233,000 after buying an additional 255 shares during the period. State of Michigan Retirement System grew its holdings in Nasdaq by 0.3% in the 4th quarter. State of Michigan Retirement System now owns 93,190 shares of the financial services provider’s stock worth $5,418,000 after buying an additional 300 shares in the last quarter. Arizona State Retirement System increased its position in Nasdaq by 0.3% in the 3rd quarter. Arizona State Retirement System now owns 93,723 shares of the financial services provider’s stock valued at $4,554,000 after acquiring an additional 306 shares during the period. Finally, Avitas Wealth Management LLC raised its stake in Nasdaq by 1.7% during the 4th quarter. Avitas Wealth Management LLC now owns 19,094 shares of the financial services provider’s stock valued at $1,110,000 after acquiring an additional 315 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

Nasdaq Stock Down 2.0 %

Shares of NDAQ traded down $1.21 during trading hours on Thursday, hitting $60.29. 7,738,735 shares of the company were exchanged, compared to its average volume of 3,160,903. The firm’s 50 day moving average is $59.74 and its 200-day moving average is $56.36. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.01 and a current ratio of 1.01. Nasdaq, Inc. has a 52 week low of $46.88 and a 52 week high of $64.25. The company has a market cap of $34.68 billion, a PE ratio of 29.15, a PEG ratio of 2.80 and a beta of 0.93.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. Nasdaq’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 EPS. On average, equities research analysts forecast that Nasdaq, Inc. will post 2.75 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.88 annualized dividend and a dividend yield of 1.46%. Nasdaq’s payout ratio is 41.71%.

Analysts Set New Price Targets

A number of analysts have commented on NDAQ shares. Barclays assumed coverage on shares of Nasdaq in a research report on Thursday, April 11th. They set an “overweight” rating and a $76.00 price target on the stock. Morgan Stanley upgraded Nasdaq from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $59.00 to $80.00 in a research report on Tuesday, April 9th. Citigroup lifted their price target on Nasdaq from $56.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, January 12th. UBS Group upped their price objective on Nasdaq from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $82.00 price target on shares of Nasdaq in a research report on Thursday, February 1st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $67.09.

Insider Buying and Selling

In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the completion of the transaction, the insider now owns 58,341,545 shares of the company’s stock, valued at $3,383,809,610. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Nasdaq news, EVP Bryan Everard Smith sold 7,400 shares of Nasdaq stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.91, for a total transaction of $465,534.00. Following the sale, the executive vice president now owns 61,672 shares in the company, valued at $3,879,785.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the completion of the transaction, the insider now owns 58,341,545 shares of the company’s stock, valued at approximately $3,383,809,610. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.

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.