Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Ridgewood Investments LLC

Ridgewood Investments LLC trimmed its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 34.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,686 shares of the financial services provider’s stock after selling 8,266 shares during the quarter. Ridgewood Investments LLC’s holdings in Nasdaq were worth $1,213,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in NDAQ. Wellington Management Group LLP raised its holdings in shares of Nasdaq by 163.3% in the third quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock worth $2,835,235,000 after acquiring an additional 24,084,154 shares during the last quarter. Mizuho Securities USA LLC raised its holdings in shares of Nasdaq by 13,532.3% in the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock worth $292,040,000 after acquiring an additional 3,970,658 shares during the last quarter. State Street Corp raised its holdings in shares of Nasdaq by 11.2% in the third quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock worth $1,310,653,000 after acquiring an additional 1,811,616 shares during the last quarter. Harris Associates L P raised its holdings in shares of Nasdaq by 14.6% in the third quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock worth $627,596,000 after acquiring an additional 1,096,090 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Nasdaq by 9.5% in the third quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider’s stock worth $783,181,000 after acquiring an additional 932,665 shares during the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Nasdaq

In other news, EVP Jeremy Skule sold 12,075 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the completion of the transaction, the executive vice president now owns 102,505 shares in the company, valued at approximately $8,072,268.75. This trade represents a 10.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the transaction, the executive vice president now owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. This trade represents a 8.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,459 shares of company stock worth $3,811,808 in the last 90 days. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

Shares of NASDAQ:NDAQ traded down $2.07 on Friday, reaching $75.95. 966,109 shares of the company’s stock were exchanged, compared to its average volume of 2,625,504. The firm has a market capitalization of $43.65 billion, a price-to-earnings ratio of 45.48, a PEG ratio of 3.12 and a beta of 0.98. Nasdaq, Inc. has a fifty-two week low of $54.90 and a fifty-two week high of $83.77. The business’s 50-day moving average is $79.23 and its two-hundred day moving average is $72.60. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm’s revenue was up 21.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 earnings per share. As a group, equities research analysts forecast that Nasdaq, Inc. will post 2.79 EPS for the current year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a yield of 1.26%. Nasdaq’s dividend payout ratio is presently 57.49%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. TD Cowen dropped their target price on Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, October 28th. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. Raymond James upped their target price on Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 target price on shares of Nasdaq in a research note on Thursday. Finally, Bank of America dropped their target price on Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.20.

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.