Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. reduced its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 26.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 735,323 shares of the financial services provider’s stock after selling 263,936 shares during the period. Vaughan Nelson Investment Management L.P. owned 0.13% of Nasdaq worth $53,686,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in Nasdaq by 12.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 517,000 shares of the financial services provider’s stock worth $32,624,000 after purchasing an additional 57,900 shares during the period. Swedbank AB acquired a new stake in shares of Nasdaq in the first quarter valued at $2,595,000. Blair William & Co. IL boosted its stake in Nasdaq by 55.8% during the first quarter. Blair William & Co. IL now owns 27,622 shares of the financial services provider’s stock valued at $1,743,000 after buying an additional 9,894 shares in the last quarter. Diversified Trust Co grew its holdings in Nasdaq by 45.2% during the second quarter. Diversified Trust Co now owns 28,813 shares of the financial services provider’s stock worth $1,736,000 after acquiring an additional 8,974 shares during the period. Finally, Cetera Investment Advisers raised its position in Nasdaq by 52.7% in the first quarter. Cetera Investment Advisers now owns 30,214 shares of the financial services provider’s stock worth $1,907,000 after acquiring an additional 10,427 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the transaction, the executive vice president now directly owns 142,830 shares in the company, valued at $10,757,955.60. The trade was a 8.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $935,040.00. Following the transaction, the executive vice president now owns 114,580 shares of the company’s stock, valued at approximately $8,928,073.60. The trade was a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,384 shares of company stock valued at $2,860,902 over the last three months. 0.70% of the stock is currently owned by insiders.

Nasdaq Stock Up 0.9 %

Nasdaq stock opened at $78.76 on Friday. Nasdaq, Inc. has a twelve month low of $53.36 and a twelve month high of $80.77. 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 firm has a market cap of $45.27 billion, a PE ratio of 47.16, a P/E/G ratio of 3.07 and a beta of 0.95. The firm’s 50 day moving average price is $74.28 and its two-hundred day moving average price is $67.40.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the company earned $0.71 earnings per share. Nasdaq’s quarterly revenue was up 21.9% compared to the same quarter last year. On average, research analysts predict that Nasdaq, Inc. will post 2.78 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.22%. Nasdaq’s dividend payout ratio (DPR) is 57.49%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Oppenheimer raised their price objective on shares of Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods raised their target price on shares of Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Barclays upped their price target on Nasdaq from $84.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Raymond James upgraded Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price objective for the company in a research report on Monday, October 14th. Finally, Morgan Stanley lifted their target price on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.