Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 16.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,555 shares of the financial services provider’s stock after selling 8,659 shares during the period. Mutual of America Capital Management LLC’s holdings in Nasdaq were worth $2,649,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NDAQ. Loomis Sayles & Co. L P acquired a new stake in shares of Nasdaq during the 3rd quarter worth $26,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Nasdaq during the 4th quarter worth $29,000. Carmel Capital Partners LLC acquired a new stake in shares of Nasdaq during the 3rd quarter worth $32,000. Harbour Investments Inc. increased its holdings in shares of Nasdaq by 250.6% during the 4th quarter. Harbour Investments Inc. now owns 547 shares of the financial services provider’s stock worth $34,000 after buying an additional 391 shares during the last quarter. Finally, Clear Street Markets LLC increased its holdings in shares of Nasdaq by 93.9% during the 1st quarter. Clear Street Markets LLC now owns 665 shares of the financial services provider’s stock worth $36,000 after buying an additional 322 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $60.07 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a 50-day moving average of $59.37 and a two-hundred day moving average of $55.96. The stock has a market cap of $34.55 billion, a P/E ratio of 28.47, a PEG ratio of 2.73 and a beta of 0.93. Nasdaq, Inc. has a 1-year low of $46.88 and a 1-year high of $64.25.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the company posted $0.64 EPS. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. On average, research analysts expect that Nasdaq, Inc. will post 2.75 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.88 annualized dividend and a dividend yield of 1.46%. Nasdaq’s payout ratio is 41.71%.

Insider Transactions at Nasdaq

In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the transaction, the insider now owns 58,341,545 shares of the company’s stock, valued at $3,383,809,610. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the transaction, the insider now owns 58,341,545 shares of the company’s stock, valued at $3,383,809,610. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bryan Everard Smith sold 7,400 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.91, for a total transaction of $465,534.00. Following the transaction, the executive vice president now directly owns 61,672 shares in the company, valued at approximately $3,879,785.52. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on NDAQ. Piper Sandler upped their price objective on Nasdaq from $70.00 to $71.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. UBS Group increased their price target on Nasdaq from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Barclays began coverage on Nasdaq in a report on Thursday, April 11th. They issued an “overweight” rating and a $76.00 price target for the company. Edward Jones began coverage on Nasdaq in a report on Wednesday, April 3rd. They issued a “buy” rating for the company. Finally, StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.09.

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.