Nasdaq, Inc. $NDAQ Shares Sold by Mcrae Capital Management Inc.

Mcrae Capital Management Inc. reduced its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 279,257 shares of the financial services provider’s stock after selling 8,904 shares during the period. Nasdaq comprises about 4.9% of Mcrae Capital Management Inc.’s holdings, making the stock its 3rd largest position. Mcrae Capital Management Inc.’s holdings in Nasdaq were worth $24,700,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NDAQ. Front Row Advisors LLC bought a new position in Nasdaq during the second quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Nasdaq during the 2nd quarter worth $27,000. Tripletail Wealth Management LLC bought a new position in shares of Nasdaq during the 3rd quarter valued at $27,000. Access Investment Management LLC acquired a new stake in shares of Nasdaq in the 2nd quarter valued at $28,000. Finally, Westside Investment Management Inc. boosted its holdings in Nasdaq by 100.0% in the third quarter. Westside Investment Management Inc. now owns 318 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 159 shares in the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Adena T. Friedman sold 300,000 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $96.39, for a total transaction of $28,917,000.00. Following the completion of the transaction, the chief executive officer owned 1,924,903 shares in the company, valued at $185,541,400.17. This trade represents a 13.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Zecca sold 4,500 shares of the company’s stock in a transaction on 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 sale, the executive vice president owned 125,674 shares in the company, valued at $12,568,656.74. This trade represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 604,500 shares of company stock valued at $58,440,045. 0.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

NDAQ has been the topic of several recent research reports. Argus upgraded Nasdaq to a “strong-buy” rating in a report on Wednesday, February 11th. TD Cowen raised their price objective on Nasdaq from $104.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. upped their target price on Nasdaq from $100.00 to $101.00 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 report on Friday, January 9th. Finally, Morgan Stanley set a $116.00 price objective on shares of Nasdaq and gave the stock an “overweight” rating in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.13.

Nasdaq Stock Up 2.4%

Shares of NDAQ stock opened at $82.13 on Thursday. The stock has a market cap of $46.69 billion, a P/E ratio of 26.58, a price-to-earnings-growth ratio of 1.32 and a beta of 1.02. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a fifty day moving average price of $94.24 and a 200 day moving average price of $91.87. Nasdaq, Inc. has a one year low of $64.84 and a one year high of $101.79.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data 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. Nasdaq had a net margin of 21.77% and a return on equity of 16.90%. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the prior year, the company posted $0.76 EPS. The business’s revenue was up 13.4% on a year-over-year basis. Analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, March 16th. Nasdaq’s dividend payout ratio is currently 34.95%.

Nasdaq Company 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.