Cynosure Group LLC Sells 1,445 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Cynosure Group LLC decreased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 22.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,988 shares of the financial services provider’s stock after selling 1,445 shares during the period. Cynosure Group LLC’s holdings in Nasdaq were worth $364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Citizens Financial Group Inc. RI increased its stake in Nasdaq by 3.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock worth $290,000 after buying an additional 137 shares during the period. First Pacific Financial grew its stake in Nasdaq by 1.0% in the 3rd quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock worth $1,011,000 after acquiring an additional 142 shares in the last quarter. Crestwood Advisors Group LLC increased its position in shares of Nasdaq by 4.2% during the third quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 149 shares during the period. Kentucky Retirement Systems raised its stake in shares of Nasdaq by 0.5% during the third quarter. Kentucky Retirement Systems now owns 28,828 shares of the financial services provider’s stock valued at $2,105,000 after acquiring an additional 154 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Nasdaq by 2.5% in the third quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 162 shares during the period. 72.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NDAQ has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised their price objective on Nasdaq from $78.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Royal Bank of Canada restated an “outperform” rating and issued a $88.00 price objective on shares of Nasdaq in a report on Tuesday, November 19th. Bank of America dropped their target price on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. TD Cowen reduced their price target on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a report on Monday, October 28th. Finally, Barclays increased their price objective on shares of Nasdaq from $84.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.87.

Nasdaq Price Performance

Shares of NDAQ stock opened at $83.05 on Friday. The firm has a market capitalization of $47.73 billion, a price-to-earnings ratio of 49.73, a PEG ratio of 3.17 and a beta of 0.95. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. The stock’s 50-day simple moving average is $75.67 and its 200-day simple moving average is $68.56. Nasdaq, Inc. has a fifty-two week low of $53.62 and a fifty-two week high of $83.50.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. Nasdaq’s revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS. As a group, equities analysts forecast that Nasdaq, Inc. will post 2.79 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a yield of 1.16%. Nasdaq’s dividend payout ratio (DPR) is 57.49%.

Insider Buying and Selling

In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the transaction, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. This trade represents a 8.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jeremy Skule sold 12,075 shares of Nasdaq stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the sale, the executive vice president now owns 102,505 shares of the company’s stock, valued at approximately $8,072,268.75. The trade was a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,459 shares of company stock worth $3,811,808 in the last 90 days. Insiders own 0.70% of the company’s stock.

Nasdaq Company Profile

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.