Nasdaq, Inc. (NASDAQ:NDAQ) Stake Reduced by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV cut its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 5.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,322 shares of the financial services provider’s stock after selling 319 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Nasdaq were worth $389,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smithfield Trust Co increased its stake in Nasdaq by 22.0% in the 1st quarter. Smithfield Trust Co now owns 960 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 173 shares in the last quarter. Greenleaf Trust increased its stake in Nasdaq by 1.6% in the 1st quarter. Greenleaf Trust now owns 11,330 shares of the financial services provider’s stock worth $715,000 after purchasing an additional 183 shares in the last quarter. Evergreen Capital Management LLC increased its stake in Nasdaq by 5.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 3,826 shares of the financial services provider’s stock worth $231,000 after purchasing an additional 197 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Nasdaq by 0.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 32,647 shares of the financial services provider’s stock worth $1,967,000 after purchasing an additional 200 shares in the last quarter. Finally, Salem Investment Counselors Inc. increased its stake in Nasdaq by 89.3% in the 1st quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 201 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors.

Insider Activity at Nasdaq

In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the completion of the transaction, the insider now directly owns 42,804,207 shares in the company, valued at $2,764,295,688.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NDAQ shares. Royal Bank of Canada started coverage on Nasdaq in a research note on Friday, September 27th. They issued an “outperform” rating and a $88.00 price target on the stock. Bank of America reduced their price target on Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a report on Thursday. The Goldman Sachs Group lifted their price target on Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a report on Thursday. Oppenheimer lifted their price target on Nasdaq from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Monday, September 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a report on Thursday, August 15th. 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $74.40.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ opened at $72.12 on Friday. The business has a fifty day simple moving average of $70.82 and a 200 day simple moving average of $64.42. 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 firm has a market capitalization of $41.48 billion, a price-to-earnings ratio of 37.96, a PEG ratio of 3.04 and a beta of 0.95. Nasdaq, Inc. has a one year low of $47.56 and a one year high of $74.88.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. Nasdaq’s revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. Sell-side analysts expect that Nasdaq, Inc. will post 2.75 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.24 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.33%. Nasdaq’s payout ratio is 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.