Nasdaq, Inc. $NDAQ Shares Sold by Tritonpoint Wealth LLC

Tritonpoint Wealth LLC trimmed its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 66.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,422 shares of the financial services provider’s stock after selling 8,655 shares during the quarter. Tritonpoint Wealth LLC’s holdings in Nasdaq were worth $430,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Front Row Advisors LLC acquired a new position in Nasdaq during the second quarter worth about $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Nasdaq in the 2nd quarter worth approximately $27,000. Tripletail Wealth Management LLC bought a new stake in shares of Nasdaq in the 3rd quarter worth approximately $27,000. Westside Investment Management Inc. lifted its stake in Nasdaq by 100.0% during the third quarter. Westside Investment Management Inc. now owns 318 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 159 shares during the last quarter. Finally, West Branch Capital LLC acquired a new stake in Nasdaq during the third quarter valued at approximately $29,000. Institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NDAQ. Raymond James Financial restated an “outperform” rating and issued a $109.00 price target on shares of Nasdaq in a research report on Wednesday, February 25th. Royal Bank Of Canada reiterated an “outperform” rating and set a $108.00 price objective on shares of Nasdaq 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. Argus raised Nasdaq to a “strong-buy” rating in a research report on Wednesday, February 11th. Finally, TD Cowen raised Nasdaq from a “hold” rating to a “buy” rating and upped their target price for the company from $105.00 to $106.00 in a report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $103.71.

Insider Transactions at Nasdaq

In other Nasdaq news, CEO Adena T. Friedman sold 113,611 shares of Nasdaq stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $85.44, for a total transaction of $9,706,923.84. Following the transaction, the chief executive officer owned 1,965,751 shares of the company’s stock, valued at $167,953,765.44. The trade was a 5.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Zecca sold 4,500 shares of the company’s 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 owned 125,674 shares in the company, valued at $12,568,656.74. This represents a 3.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 510,951 shares of company stock valued at $47,592,996 over the last 90 days. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $86.65 on Friday. Nasdaq, Inc. has a twelve month low of $64.84 and a twelve month high of $101.79. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $49.26 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 1.59 and a beta of 1.02. The firm’s 50 day moving average price is $86.35 and its two-hundred day moving average price is $89.75.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, January 29th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, beating 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 return on equity of 16.90% and a net margin of 21.77%.The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 earnings per share. Equities analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 16th were given a dividend of $0.27 per share. The ex-dividend date was Monday, March 16th. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. Nasdaq’s dividend payout ratio (DPR) is presently 34.95%.

Nasdaq Profile

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.