First Horizon Advisors Inc. Decreases Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

First Horizon Advisors Inc. cut its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,929 shares of the financial services provider’s stock after selling 511 shares during the quarter. First Horizon Advisors Inc.’s holdings in Nasdaq were worth $2,159,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Olstein Capital Management L.P. lifted its stake in shares of Nasdaq by 35.6% during the 4th quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider’s stock valued at $6,185,000 after buying an additional 21,000 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Nasdaq by 75.7% during the 4th quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock valued at $4,170,000 after acquiring an additional 23,244 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Nasdaq by 26.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider’s stock worth $3,454,000 after acquiring an additional 9,130 shares in the last quarter. USA Financial Formulas bought a new position in shares of Nasdaq in the fourth quarter worth $856,000. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of Nasdaq by 49.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 164,179 shares of the financial services provider’s stock valued at $11,987,000 after purchasing an additional 54,594 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ opened at $81.07 on Monday. The stock’s 50-day moving average is $79.63 and its 200 day moving average is $76.55. The stock has a market cap of $46.60 billion, a price-to-earnings ratio of 42.22, a P/E/G ratio of 2.12 and a beta of 0.99. Nasdaq, Inc. has a 1-year low of $55.51 and a 1-year high of $84.15. 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 quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. On average, sell-side analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s dividend payout ratio is presently 50.00%.

Insider Buying and Selling at Nasdaq

In other Nasdaq 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 completion of the sale, the executive vice president now 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

NDAQ has been the topic of a number of recent research reports. Raymond James increased their price objective on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and raised their price objective for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. TD Cowen decreased their target price on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, October 28th. Barclays lowered their target price on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Finally, Oppenheimer boosted their price target on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.88.

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.