Central Pacific Bank Trust Division Sells 208 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Central Pacific Bank Trust Division decreased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 15.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,114 shares of the financial services provider’s stock after selling 208 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Nasdaq were worth $81,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of NDAQ. Y.D. More Investments Ltd increased its holdings in shares of Nasdaq by 94.8% in the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 202 shares during the period. Salem Investment Counselors Inc. grew its position in Nasdaq by 89.3% in the first quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 201 shares in the last quarter. Hobbs Group Advisors LLC purchased a new stake in Nasdaq during the second quarter valued at about $26,000. LRI Investments LLC purchased a new stake in Nasdaq during the first quarter valued at about $31,000. Finally, Crewe Advisors LLC boosted its position in Nasdaq by 164.4% during the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after buying an additional 314 shares during the period. Institutional investors own 72.47% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Oppenheimer upped their price target on shares of Nasdaq from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Keefe, Bruyette & Woods increased their target price on shares of Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. TD Cowen initiated coverage on shares of Nasdaq in a report on Thursday, September 26th. They set a “hold” rating and a $83.00 target price for the company. Finally, Barclays increased their target price on shares of Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.40.

Insider Transactions at Nasdaq

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of Nasdaq stock in a transaction on Monday, July 29th. The shares were sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the transaction, the insider now owns 42,804,207 shares in the company, valued at $2,764,295,688.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

NDAQ stock traded down $0.80 on Friday, hitting $72.12. The company had a trading volume of 2,519,293 shares, compared to its average volume of 2,913,291. Nasdaq, Inc. has a 12-month low of $47.56 and a 12-month high of $74.88. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.85. The stock’s 50-day simple moving average is $70.82 and its 200 day simple moving average is $64.42. The stock has a market cap of $41.48 billion, a price-to-earnings ratio of 37.96, a P/E/G ratio of 3.04 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.05. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter last year, the company posted $0.71 earnings per share. The firm’s quarterly revenue was up 25.3% on a year-over-year basis. As a group, equities research analysts expect that Nasdaq, Inc. will post 2.75 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, September 13th. Nasdaq’s dividend payout ratio is presently 50.53%.

About Nasdaq

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.