Alliancebernstein L.P. Has $34.49 Million Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Alliancebernstein L.P. reduced its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 446,130 shares of the financial services provider’s stock after selling 3,330 shares during the period. Alliancebernstein L.P. owned 0.08% of Nasdaq worth $34,490,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Olstein Capital Management L.P. lifted its stake in shares of Nasdaq by 35.6% in the fourth quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider’s stock worth $6,185,000 after acquiring an additional 21,000 shares during the period. NINE MASTS CAPITAL Ltd acquired a new position in shares of Nasdaq in the 4th quarter worth approximately $274,000. Pacer Advisors Inc. boosted its stake in shares of Nasdaq by 75.7% in the 4th quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock valued at $4,170,000 after purchasing an additional 23,244 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Nasdaq by 892.3% during the fourth quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider’s stock worth $4,689,000 after buying an additional 54,535 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Nasdaq by 26.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider’s stock valued at $3,454,000 after buying an additional 9,130 shares during the period. Institutional investors own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on NDAQ shares. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Thursday, March 27th. Barclays lowered their target price on Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. JPMorgan Chase & Co. raised their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Citigroup boosted 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. Finally, Oppenheimer raised their price target on shares of Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and an average price target of $87.94.

Nasdaq Stock Performance

Shares of Nasdaq stock opened at $68.25 on Friday. Nasdaq, Inc. has a 52 week low of $58.10 and a 52 week high of $84.15. 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 business has a 50 day moving average price of $78.53 and a 200-day moving average price of $77.65. The company has a market cap of $39.25 billion, a PE ratio of 35.55, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 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%. Equities analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Friday, March 14th. Nasdaq’s payout ratio is currently 50.00%.

Insiders Place Their Bets

In other news, EVP Bryan Everard Smith sold 3,500 shares of the business’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 value of $285,460.00. Following the transaction, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. The trade was a 5.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the sale, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at $4,398,253.92. The trade was a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% 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.