Natixis Advisors LLC Sells 38,191 Shares of Nasdaq, Inc. $NDAQ

Natixis Advisors LLC lessened its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 5.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 669,586 shares of the financial services provider’s stock after selling 38,191 shares during the quarter. Natixis Advisors LLC’s holdings in Nasdaq were worth $59,225,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Nasdaq by 2.3% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 4,935 shares of the financial services provider’s stock worth $441,000 after buying an additional 110 shares during the period. Advisors Capital Management LLC boosted its holdings in Nasdaq by 3.4% during the 2nd quarter. Advisors Capital Management LLC now owns 3,968 shares of the financial services provider’s stock valued at $355,000 after acquiring an additional 129 shares during the period. PDS Planning Inc boosted its holdings in Nasdaq by 4.9% during the 3rd quarter. PDS Planning Inc now owns 2,830 shares of the financial services provider’s stock valued at $250,000 after acquiring an additional 133 shares during the period. Dynamic Advisor Solutions LLC grew its position in Nasdaq by 4.6% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 3,139 shares of the financial services provider’s stock valued at $278,000 after acquiring an additional 139 shares during the last quarter. Finally, Mather Group LLC. increased its stake in Nasdaq by 3.3% in the third quarter. Mather Group LLC. now owns 4,380 shares of the financial services provider’s stock worth $387,000 after purchasing an additional 139 shares during the period. Institutional investors own 72.47% of the company’s stock.

Nasdaq Price Performance

NDAQ opened at $88.05 on Tuesday. The company has a market capitalization of $50.05 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 1.45 and a beta of 1.04. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70. Nasdaq, Inc. has a 12-month low of $64.84 and a 12-month high of $101.79. The business’s fifty day simple moving average is $91.56 and its 200-day simple moving average is $90.94.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. Nasdaq had a return on equity of 16.90% and a net margin of 21.77%.The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the company posted $0.76 earnings per share. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. On average, equities research analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders 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 dividend yield of 1.2%. Nasdaq’s payout ratio is currently 34.95%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. TD Cowen upgraded Nasdaq from a “hold” rating to a “buy” rating and lifted their target price for the stock from $105.00 to $106.00 in a research report on Thursday, February 26th. Argus raised shares of Nasdaq to a “strong-buy” rating in a research note on Wednesday, February 11th. Raymond James Financial reiterated an “outperform” rating and set a $109.00 price objective on shares of Nasdaq in a report on Wednesday, February 25th. Royal Bank Of Canada reissued an “outperform” rating and issued a $108.00 price objective on shares of Nasdaq in a research report on Friday, January 30th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Nasdaq in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Nasdaq presently has a consensus rating of “Buy” and an average target price of $103.80.

Insider Activity

In other news, CEO Adena T. Friedman sold 300,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $96.91, for a total value of $29,073,000.00. Following the completion of the sale, the chief executive officer owned 1,924,903 shares of the company’s stock, valued at approximately $186,542,349.73. This represents a 13.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Zecca sold 4,500 shares of the stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $100.01, for a total transaction of $450,045.00. Following the transaction, the executive vice president owned 125,674 shares in the company, valued at approximately $12,568,656.74. This represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 604,500 shares of company stock valued at $58,440,045. Company insiders own 0.70% of the company’s stock.

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.