293,835 Nasdaq, Inc. $NDAQ Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 17.4% during the third quarter, HoldingsChannel.com reports. The firm owned 1,397,846 shares of the financial services provider’s stock after selling 293,835 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Nasdaq were worth $128,616,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. CWA Asset Management Group LLC grew its holdings in shares of Nasdaq by 2.9% during the third quarter. CWA Asset Management Group LLC now owns 3,831 shares of the financial services provider’s stock worth $353,000 after buying an additional 108 shares in the last quarter. Quantum Portfolio Management LLC raised its position in Nasdaq by 1.8% in the 1st quarter. Quantum Portfolio Management LLC now owns 7,144 shares of the financial services provider’s stock valued at $606,000 after buying an additional 123 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in Nasdaq by 2.5% in the 1st quarter. Arkadios Wealth Advisors now owns 5,643 shares of the financial services provider’s stock valued at $479,000 after acquiring an additional 137 shares in the last quarter. AlphaCentric Advisors LLC lifted its stake in Nasdaq by 5.9% in the 1st quarter. AlphaCentric Advisors LLC now owns 2,603 shares of the financial services provider’s stock valued at $221,000 after acquiring an additional 145 shares in the last quarter. Finally, Brown Lisle Cummings Inc. lifted its stake in Nasdaq by 1.7% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 8,815 shares of the financial services provider’s stock valued at $695,000 after acquiring an additional 151 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Nasdaq

In other news, EVP Bradley Peterson sold 13,000 shares of Nasdaq stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $92.61, for a total transaction of $1,203,930.00. Following the completion of the transaction, the executive vice president directly owned 128,293 shares in the company, valued at approximately $11,881,214.73. The trade was a 9.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nelson Griggs sold 11,010 shares of Nasdaq stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total value of $1,060,813.50. Following the transaction, the insider owned 205,001 shares of the company’s stock, valued at $19,751,846.35. This represents a 5.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 45,172 shares of company stock worth $4,245,088 over the last 90 days. Company insiders own 0.60% of the company’s stock.

Nasdaq Stock Performance

Shares of NDAQ opened at $96.12 on Thursday. The company has a market cap of $53.73 billion, a PE ratio of 28.02, a price-to-earnings-growth ratio of 1.71 and a beta of 0.99. The firm has a 50-day moving average of $94.64 and a 200-day moving average of $90.85. Nasdaq, Inc. has a one year low of $76.55 and a one year high of $101.79. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the firm earned $0.85 EPS. Nasdaq’s quarterly revenue was up 14.9% compared to the same quarter last year. As a group, equities analysts forecast that Nasdaq, Inc. will post 4.13 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on NDAQ. Keefe, Bruyette & Woods upped their price target on Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a research report on Friday, July 24th. Bank of America lowered their price objective on shares of Nasdaq from $135.00 to $132.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Argus boosted their price objective on shares of Nasdaq from $103.00 to $111.00 in a research report on Wednesday, August 5th. TD Cowen cut their price objective on shares of Nasdaq from $108.00 to $107.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Nasdaq from $115.00 to $116.00 and gave the stock a “buy” rating in a report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $109.24.

Nasdaq Profile

Nasdaq, Inc is a global financial technology and market infrastructure company best known for operating the Nasdaq Stock Market, one of the world’s largest electronic stock exchanges. The company provides listing services for public companies and operates trading venues for equities, options and other financial products. Its exchange business serves companies, investors and market participants in the United States, as well as through Nasdaq’s Nordic and Baltic market operations.

Beyond its exchange activities, Nasdaq provides market data, analytics, indexes and technology used by exchanges, brokers, banks, asset managers and other financial institutions.