Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Cibc World Markets Corp

Cibc World Markets Corp reduced its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 18.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,055 shares of the financial services provider’s stock after selling 15,211 shares during the quarter. Cibc World Markets Corp’s holdings in Nasdaq were worth $5,107,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NDAQ. Wellington Management Group LLP grew its holdings in Nasdaq by 163.3% in 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 buying an additional 24,084,154 shares in the last quarter. State Street Corp grew its holdings in Nasdaq by 11.2% in 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 buying an additional 1,811,616 shares in the last quarter. Geode Capital Management LLC grew its holdings in Nasdaq by 9.5% in the 3rd quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider’s stock valued at $783,181,000 after buying an additional 932,665 shares in the last quarter. Harris Associates L P grew its holdings in Nasdaq by 14.6% in 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 buying an additional 1,096,090 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich grew its holdings in Nasdaq by 9.7% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,723,392 shares of the financial services provider’s stock valued at $309,360,000 after buying an additional 330,389 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Stock Performance

Shares of Nasdaq stock opened at $76.58 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The stock has a market capitalization of $44.04 billion, a price-to-earnings ratio of 39.89, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. The business has a 50-day moving average of $79.20 and a 200 day moving average of $77.38. Nasdaq, Inc. has a 12 month low of $58.10 and a 12 month high of $84.15.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) 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 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s dividend payout ratio is currently 50.00%.

Insider Buying and Selling at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was 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. 0.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. William Blair assumed coverage on Nasdaq in a report on Monday, November 25th. They issued an “outperform” rating for the company. Keefe, Bruyette & Woods upped their target price on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, December 20th. UBS Group upped their target price on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Raymond James increased their price target on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Finally, Oppenheimer increased their price target on Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.88.

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.