Nisa Investment Advisors LLC Lowers Stock Holdings in Nasdaq, Inc. $NDAQ

Nisa Investment Advisors LLC reduced its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 8.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,533 shares of the financial services provider’s stock after selling 10,971 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Nasdaq were worth $10,661,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Cary Street Partners Investment Advisory LLC grew 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 valued at $441,000 after purchasing an additional 110 shares in the last quarter. Leavell Investment Management Inc. boosted its position in Nasdaq by 0.4% in the 2nd quarter. Leavell Investment Management Inc. now owns 26,156 shares of the financial services provider’s stock valued at $2,339,000 after buying an additional 116 shares during the period. Bruce G. Allen Investments LLC grew its stake in shares of Nasdaq by 72.7% in the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 120 shares in the last quarter. Fielder Capital Group LLC increased its position in shares of Nasdaq by 3.0% during the second quarter. Fielder Capital Group LLC now owns 4,253 shares of the financial services provider’s stock worth $380,000 after acquiring an additional 122 shares during the period. Finally, Freedom Investment Management Inc. raised its stake in shares of Nasdaq by 2.3% in the second quarter. Freedom Investment Management Inc. now owns 5,684 shares of the financial services provider’s stock valued at $508,000 after acquiring an additional 128 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Performance

Shares of NDAQ opened at $98.24 on Friday. The company has a market capitalization of $56.09 billion, a price-to-earnings ratio of 35.09, a price-to-earnings-growth ratio of 1.58 and a beta of 1.01. Nasdaq, Inc. has a 52-week low of $64.84 and a 52-week high of $101.21. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.72. The stock has a 50 day moving average price of $92.08 and a 200 day moving average price of $91.63.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the company earned $0.74 earnings per share. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. Research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. Nasdaq’s payout ratio is 38.57%.

Insider Activity at Nasdaq

In other Nasdaq news, 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 transaction, the executive vice president owned 125,674 shares in the company, valued at $12,568,656.74. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Adena T. Friedman sold 300,000 shares of Nasdaq stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $96.39, for a total value of $28,917,000.00. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 306,605 shares of company stock valued at $29,546,812 over the last ninety days. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NDAQ shares. Morgan Stanley reiterated an “overweight” rating and issued a $111.00 target price (up from $110.00) on shares of Nasdaq in a report on Monday, December 22nd. Barclays set a $115.00 price objective on Nasdaq and gave the stock an “overweight” rating in a research report on Thursday. TD Cowen upped their target price on shares of Nasdaq from $94.00 to $96.00 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Cowen reiterated a “hold” rating on shares of Nasdaq in a research note on Wednesday, October 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $108.00 price objective on shares of Nasdaq in a research report on Thursday, October 9th. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.47.

About Nasdaq

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.