Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado decreased its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 0.7% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 294,196 shares of the financial services provider’s stock after selling 2,054 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Nasdaq were worth $18,564,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Salem Investment Counselors Inc. lifted its stake in shares of 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 acquiring an additional 201 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in Nasdaq during the 4th quarter valued at about $29,000. LRI Investments LLC purchased a new stake in shares of Nasdaq during the first quarter worth about $31,000. EntryPoint Capital LLC grew its holdings in shares of Nasdaq by 6,408.3% during the first quarter. EntryPoint Capital LLC now owns 781 shares of the financial services provider’s stock worth $49,000 after buying an additional 769 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Nasdaq by 74.9% during the fourth quarter. Allworth Financial LP now owns 815 shares of the financial services provider’s stock worth $47,000 after buying an additional 349 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Barclays lifted their price target on shares of Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a report on Friday. Edward Jones initiated coverage on shares of Nasdaq in a research report on Wednesday, April 3rd. They issued a “buy” rating on the stock. Argus raised their target price on shares of Nasdaq from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Morgan Stanley raised shares of Nasdaq from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $59.00 to $80.00 in a research report on Tuesday, April 9th. Finally, Rosenblatt Securities cut shares of Nasdaq from a “buy” rating to a “neutral” rating and reduced their price target for the company from $76.00 to $64.00 in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $68.25.

Insider Buying and Selling

In other Nasdaq news, EVP Bryan Everard Smith sold 3,036 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $59.89, for a total value of $181,826.04. Following the completion of the sale, the executive vice president now directly owns 58,636 shares of the company’s stock, valued at approximately $3,511,710.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Stock Up 1.2 %

Shares of NASDAQ:NDAQ traded up $0.79 during midday trading on Monday, reaching $67.75. The company had a trading volume of 11,357,709 shares, compared to its average volume of 2,882,232. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.94 and a quick ratio of 0.99. The stock’s fifty day moving average price is $60.90 and its 200-day moving average price is $59.81. The stock has a market capitalization of $38.97 billion, a P/E ratio of 35.24, a PEG ratio of 3.07 and a beta of 0.94. Nasdaq, Inc. has a one year low of $46.88 and a one year high of $68.40.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating 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 firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. Equities research analysts expect that Nasdaq, Inc. will post 2.71 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, September 13th. Nasdaq’s dividend payout ratio (DPR) 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.