Intech Investment Management LLC Sells 8,115 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Intech Investment Management LLC decreased its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 13.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,063 shares of the financial services provider’s stock after selling 8,115 shares during the period. Intech Investment Management LLC’s holdings in Nasdaq were worth $3,947,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC raised its holdings in Nasdaq by 7.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 25,828 shares of the financial services provider’s stock worth $1,630,000 after buying an additional 1,847 shares during the last quarter. American International Group Inc. lifted its position in Nasdaq by 10.6% in the 1st quarter. American International Group Inc. now owns 102,770 shares of the financial services provider’s stock valued at $6,485,000 after acquiring an additional 9,887 shares in the last quarter. EntryPoint Capital LLC boosted its stake in Nasdaq by 6,408.3% during the 1st quarter. EntryPoint Capital LLC now owns 781 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 769 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Nasdaq in the 1st quarter worth $352,000. Finally, LRI Investments LLC purchased a new position in shares of Nasdaq in the first quarter worth $31,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Nasdaq Price Performance

NASDAQ NDAQ opened at $81.07 on Friday. The business’s fifty day moving average is $75.11 and its 200 day moving average is $68.04. Nasdaq, Inc. has a fifty-two week low of $53.62 and a fifty-two week high of $81.35. 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 company has a market capitalization of $46.60 billion, a PE ratio of 48.54, a price-to-earnings-growth ratio of 3.12 and a beta of 0.95.

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

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.18%. Nasdaq’s payout ratio is currently 57.49%.

Insider Transactions at Nasdaq

In related news, insider Pc Nelson Griggs sold 5,742 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total value of $444,086.28. Following the completion of the transaction, the insider now owns 205,821 shares of the company’s stock, valued at approximately $15,918,196.14. This represents a 2.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jeremy Skule sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total value of $935,040.00. Following the sale, the executive vice president now directly owns 114,580 shares in the company, valued at approximately $8,928,073.60. This represents a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,459 shares of company stock valued at $3,811,808 over the last three months. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Morgan Stanley increased their price objective on Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods raised their price target on shares of Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Nasdaq from $78.00 to $80.00 and gave the company a “hold” rating in a report on Monday, November 11th. StockNews.com cut shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Argus lifted their target price on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus 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.