Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC cut its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 14.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,711 shares of the financial services provider’s stock after selling 279 shares during the period. Sentry Investment Management LLC’s holdings in Nasdaq were worth $132,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Crestwood Advisors Group LLC raised its holdings in Nasdaq by 4.1% in the fourth quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider’s stock valued at $295,000 after acquiring an additional 152 shares in the last quarter. World Equity Group Inc. acquired a new stake in Nasdaq in the fourth quarter valued at $1,099,000. Howard Capital Management Inc. acquired a new stake in Nasdaq in the fourth quarter valued at $208,000. Marshall Investment Management LLC acquired a new stake in Nasdaq in the fourth quarter valued at $71,000. Finally, Compass Capital Corp MA ADV acquired a new stake in shares of Nasdaq during the fourth quarter worth $1,283,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the transaction, the executive vice president now owns 55,576 shares in the company, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.70% of the stock is currently owned by insiders.

Nasdaq Stock Performance

Shares of NDAQ opened at $80.04 on Thursday. The firm has a 50-day moving average price of $79.67 and a 200 day moving average price of $76.74. The firm has a market capitalization of $46.00 billion, a PE ratio of 41.69, a P/E/G ratio of 2.12 and a beta of 0.99. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a 52-week low of $55.51 and a 52-week high of $84.15.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results 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, sell-side analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.20%. Nasdaq’s dividend payout ratio is presently 50.00%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NDAQ shares. Argus increased their target price on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Raymond James increased their target price on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Barclays dropped their target price on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. William Blair started coverage on shares of Nasdaq in a report on Monday, November 25th. They set an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a “hold” rating to a “buy” rating and increased their target price for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $86.88.

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.