Brown Lisle Cummings Inc. Reduces Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Brown Lisle Cummings Inc. cut its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,080 shares of the financial services provider’s stock after selling 370 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in Nasdaq were worth $702,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NDAQ. Longboard Asset Management LP purchased a new stake in shares of Nasdaq during the 4th quarter valued at about $211,000. Greenleaf Trust raised its stake in Nasdaq by 1.9% during the 4th quarter. Greenleaf Trust now owns 11,663 shares of the financial services provider’s stock valued at $902,000 after buying an additional 214 shares during the last quarter. Spire Wealth Management lifted its holdings in shares of Nasdaq by 12.2% during the 4th quarter. Spire Wealth Management now owns 11,045 shares of the financial services provider’s stock valued at $854,000 after buying an additional 1,203 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Nasdaq by 5.7% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,470 shares of the financial services provider’s stock worth $1,041,000 after acquiring an additional 729 shares during the period. Finally, New England Research & Management Inc. purchased a new stake in Nasdaq during the fourth quarter valued at $734,000. Institutional investors own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of several research reports. Barclays dropped their target price on Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Morgan Stanley boosted their price objective 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. Argus lifted their target price on Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Royal Bank of Canada restated an “outperform” rating and issued a $95.00 price target on shares of Nasdaq in a research report on Thursday, January 30th. Finally, William Blair initiated coverage on Nasdaq in a research report on Monday, November 25th. They set an “outperform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.88.

Insider Activity

In other Nasdaq news, EVP Jeremy Skule sold 12,075 shares of the stock in a transaction on 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 $8,072,268.75. This trade represents a 10.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Pc Nelson Griggs sold 5,742 shares of Nasdaq stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total transaction of $444,086.28. Following the completion of the transaction, the insider now directly owns 205,821 shares of the company’s stock, valued at $15,918,196.14. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,817 shares of company stock worth $2,330,033. 0.70% of the stock is currently owned by insiders.

Nasdaq Stock Performance

NDAQ opened at $81.92 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The stock has a market capitalization of $47.08 billion, a price-to-earnings ratio of 42.67, a PEG ratio of 2.12 and a beta of 0.99. The company has a fifty day moving average of $79.56 and a 200 day moving average of $74.99. Nasdaq, Inc. has a fifty-two week low of $54.90 and a fifty-two week high of $83.77.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. As a group, sell-side analysts forecast that Nasdaq, Inc. will post 3.17 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.17%. Nasdaq’s dividend payout ratio (DPR) is 50.00%.

About Nasdaq

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.