Nasdaq, Inc. (NASDAQ:NDAQ) Stock Position Decreased by Hollencrest Capital Management

Hollencrest Capital Management cut its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 41.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 662 shares of the financial services provider’s stock after selling 464 shares during the period. Hollencrest Capital Management’s holdings in Nasdaq were worth $51,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Citizens Financial Group Inc. RI lifted its holdings in Nasdaq by 3.6% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 137 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Nasdaq by 12.3% during the fourth quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider’s stock worth $104,000 after buying an additional 141 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Nasdaq by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock valued at $759,000 after acquiring an additional 148 shares during the last quarter. Brooklyn Investment Group boosted its holdings in shares of Nasdaq by 8.5% in the 4th quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 148 shares in the last quarter. Finally, Crestwood Advisors Group LLC grew its position in Nasdaq by 4.1% during the 4th quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider’s stock worth $295,000 after acquiring an additional 152 shares during the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NDAQ has been the subject of several research analyst reports. UBS Group lifted their price objective on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a research report on Thursday, January 30th. Keefe, Bruyette & Woods raised their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. upped their target price on shares of Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, Raymond James raised their price target on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $86.88.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the transaction, the executive vice president now owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $72.98 on Thursday. The stock has a market cap of $41.97 billion, a PE ratio of 38.01, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. The stock has a 50-day moving average of $79.50 and a 200-day moving average of $77.27. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. Nasdaq, Inc. has a one year low of $57.96 and a one year high of $84.15.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, sell-side analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.32%. Nasdaq’s dividend payout ratio is presently 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.