Fox Run Management L.L.C. Trims Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Fox Run Management L.L.C. trimmed its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 15.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 12,364 shares of the financial services provider’s stock after selling 2,292 shares during the period. Fox Run Management L.L.C.’s holdings in Nasdaq were worth $956,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NDAQ. Wellington Management Group LLP grew its position in Nasdaq by 163.3% during the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock valued at $2,835,235,000 after purchasing an additional 24,084,154 shares during the last quarter. State Street Corp grew its position in Nasdaq by 11.2% during the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock valued at $1,310,653,000 after purchasing an additional 1,811,616 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Nasdaq during the 4th quarter valued at about $110,867,000. Raymond James Financial Inc. purchased a new stake in Nasdaq during the 4th quarter valued at about $105,481,000. Finally, Harris Associates L P grew its position in Nasdaq by 14.6% during the 3rd quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock valued at $627,596,000 after purchasing an additional 1,096,090 shares during the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NDAQ. Oppenheimer increased their price objective on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. StockNews.com cut shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Wednesday. Raymond James upped their target price on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. William Blair started coverage on shares of Nasdaq in a research note on Monday, November 25th. They set an “outperform” rating on the stock. Finally, UBS Group upped their target price on shares of Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Nasdaq has an average rating of “Moderate Buy” and an average target price of $86.88.

Insider Activity

In related news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the sale, the executive vice president now owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the sale, the executive vice president now directly owns 59,694 shares in the company, valued at $4,398,253.92. This trade represents a 20.04 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ opened at $75.55 on Friday. The firm’s 50 day moving average price is $79.17 and its 200-day moving average price is $77.44. Nasdaq, Inc. has a twelve month low of $58.10 and a twelve month high of $84.15. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $43.45 billion, a PE ratio of 39.35, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share 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%. Equities research analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently declared 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 of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.27%. Nasdaq’s dividend payout ratio is presently 50.00%.

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.