Dnca Finance Sells 11,550 Shares of Nasdaq, Inc. $NDAQ

Dnca Finance reduced its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 17.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 56,550 shares of the financial services provider’s stock after selling 11,550 shares during the period. Dnca Finance’s holdings in Nasdaq were worth $5,002,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC raised its position in Nasdaq by 2.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 4,935 shares of the financial services provider’s stock valued at $441,000 after purchasing an additional 110 shares in the last quarter. Advisors Capital Management LLC boosted its holdings in shares of Nasdaq by 3.4% in the 2nd quarter. Advisors Capital Management LLC now owns 3,968 shares of the financial services provider’s stock worth $355,000 after purchasing an additional 129 shares in the last quarter. PDS Planning Inc boosted its holdings in shares of Nasdaq by 4.9% in the 3rd quarter. PDS Planning Inc now owns 2,830 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 133 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of Nasdaq by 4.6% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 3,139 shares of the financial services provider’s stock valued at $278,000 after purchasing an additional 139 shares during the last quarter. Finally, Mather Group LLC. increased its position in shares of Nasdaq by 3.3% during the 3rd quarter. Mather Group LLC. now owns 4,380 shares of the financial services provider’s stock valued at $387,000 after purchasing an additional 139 shares during the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Stock Up 1.7%

Shares of NASDAQ NDAQ opened at $85.53 on Friday. The firm’s fifty day moving average is $90.63 and its 200 day moving average is $90.74. Nasdaq, Inc. has a 52 week low of $64.84 and a 52 week high of $101.79. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.70. The company has a market cap of $48.62 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 1.54 and a beta of 1.03.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, January 29th. The financial services provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.37 billion. Nasdaq had a net margin of 21.77% and a return on equity of 16.90%. Nasdaq’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 earnings per share. On average, equities research analysts expect 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 Monday, March 30th. Investors of record on Monday, March 16th will be issued a $0.27 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.08 annualized dividend and a yield of 1.3%. Nasdaq’s payout ratio is 34.95%.

Analyst Ratings Changes

A number of research firms recently weighed in on NDAQ. Morgan Stanley set a $116.00 target price on Nasdaq and gave the stock an “overweight” rating in a research report on Friday, January 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Nasdaq in a research note on Friday, January 9th. JPMorgan Chase & Co. boosted their price objective on shares of Nasdaq from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Raymond James Financial reaffirmed an “outperform” rating and issued a $109.00 price objective on shares of Nasdaq in a research note on Wednesday, February 25th. Finally, TD Cowen raised shares of Nasdaq from a “hold” rating to a “buy” rating and increased their target price for the company from $105.00 to $106.00 in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $103.80.

Insider Buying and Selling at Nasdaq

In related news, EVP John Zecca sold 4,500 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $100.01, for a total value of $450,045.00. Following the completion of the transaction, the executive vice president directly owned 125,674 shares of the company’s stock, valued at $12,568,656.74. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Adena T. Friedman sold 92,840 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $90.08, for a total value of $8,363,027.20. Following the completion of the transaction, the chief executive officer directly owned 2,079,323 shares of the company’s stock, valued at $187,305,415.84. This represents a 4.27% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 697,340 shares of company stock worth $66,803,072. 0.70% of the stock is currently owned by company insiders.

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.