Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Pitcairn Co.

Pitcairn Co. lowered its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 16.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,478 shares of the financial services provider’s stock after selling 1,725 shares during the period. Pitcairn Co.’s holdings in Nasdaq were worth $619,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC raised its holdings in shares of Nasdaq by 9.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 4,466 shares of the financial services provider’s stock worth $326,000 after acquiring an additional 372 shares during the period. Cerity Partners LLC increased its position in Nasdaq by 88.1% during the third quarter. Cerity Partners LLC now owns 117,858 shares of the financial services provider’s stock worth $8,605,000 after purchasing an additional 55,202 shares during the last quarter. Raymond James Trust N.A. raised its stake in Nasdaq by 5.3% during the third quarter. Raymond James Trust N.A. now owns 14,047 shares of the financial services provider’s stock worth $1,026,000 after purchasing an additional 705 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Nasdaq by 9.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,296,354 shares of the financial services provider’s stock valued at $167,657,000 after purchasing an additional 195,314 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in shares of Nasdaq in the 3rd quarter valued at approximately $2,701,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Stock Performance

Shares of NDAQ opened at $81.52 on Tuesday. Nasdaq, Inc. has a 1 year low of $53.62 and a 1 year high of $82.39. The stock has a market capitalization of $46.85 billion, a PE ratio of 48.81, a PEG ratio of 3.16 and a beta of 0.95. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a 50-day simple moving average of $75.27 and a 200-day simple moving average of $68.30.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. On average, analysts predict that Nasdaq, Inc. will post 2.79 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

Insider Buying and Selling at Nasdaq

In other news, EVP Jeremy Skule sold 12,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total value of $935,040.00. Following the completion of the transaction, the executive vice president now owns 114,580 shares in the company, valued at approximately $8,928,073.60. This represents a 9.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Pc Nelson Griggs sold 6,000 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $75.71, for a total transaction of $454,260.00. Following the completion of the transaction, the insider now directly owns 215,563 shares in the company, valued at $16,320,274.73. This trade represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,459 shares of company stock worth $3,811,808 over the last ninety days. Corporate insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on NDAQ shares. Morgan Stanley lifted their price target on shares of Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. TD Cowen reduced their target price on Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Oppenheimer upped their price target on Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised their price objective on Nasdaq from $78.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Finally, The Goldman Sachs Group increased their target price on shares of Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.87.

Nasdaq Company 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.