Fox Run Management L.L.C. Trims Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Fox Run Management L.L.C. cut its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 15.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,364 shares of the financial services provider’s stock after selling 2,292 shares during the quarter. Fox Run Management L.L.C.’s holdings in Nasdaq were worth $956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP lifted its position in Nasdaq by 163.3% during the third quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock valued at $2,835,235,000 after purchasing an additional 24,084,154 shares during the last quarter. State Street Corp lifted its position in Nasdaq by 11.2% during the third quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock valued at $1,310,653,000 after purchasing an additional 1,811,616 shares during the last quarter. Geode Capital Management LLC lifted its position in Nasdaq by 9.5% during the third quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider’s stock valued at $783,181,000 after purchasing an additional 932,665 shares during the last quarter. Harris Associates L P lifted its position in Nasdaq by 14.6% during the third quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock valued at $627,596,000 after purchasing an additional 1,096,090 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its position in Nasdaq by 9.7% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,723,392 shares of the financial services provider’s stock valued at $309,360,000 after purchasing an additional 330,389 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Citigroup lifted their target price on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. StockNews.com lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Wednesday. Raymond James boosted their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Royal Bank of Canada restated an “outperform” rating and issued a $95.00 price objective on shares of Nasdaq in a report on Thursday, January 30th. Finally, UBS Group boosted their price objective on shares of Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $86.88.

Nasdaq Trading Down 1.8 %

NASDAQ:NDAQ opened at $75.55 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The company has a fifty day moving average of $79.17 and a 200 day moving average of $77.44. The firm has a market capitalization of $43.45 billion, a P/E ratio of 39.35, a P/E/G ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a 52 week low of $58.10 and a 52 week high of $84.15.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data 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 net margin of 15.10% and a return on equity of 14.82%. On average, research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Friday, March 14th. Nasdaq’s payout ratio is currently 50.00%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the business’s stock in a transaction on 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 directly owns 59,694 shares of the company’s stock, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly owns 55,576 shares in the company, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

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.