Rosenberg Matthew Hamilton Sells 480 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Rosenberg Matthew Hamilton lowered its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,759 shares of the financial services provider’s stock after selling 480 shares during the period. Rosenberg Matthew Hamilton’s holdings in Nasdaq were worth $368,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Citizens Financial Group Inc. RI grew its position in Nasdaq by 3.6% during the third quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock valued at $290,000 after buying an additional 137 shares during the period. First Pacific Financial grew its position in shares of Nasdaq by 1.0% during the 3rd quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock valued at $1,011,000 after acquiring an additional 142 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Nasdaq by 1.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock worth $759,000 after purchasing an additional 148 shares during the last quarter. Crestwood Advisors Group LLC raised its holdings in shares of Nasdaq by 4.2% in the 3rd quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 149 shares during the period. Finally, Kentucky Retirement Systems lifted its stake in Nasdaq by 0.5% in the third quarter. Kentucky Retirement Systems now owns 28,828 shares of the financial services provider’s stock valued at $2,105,000 after purchasing an additional 154 shares during the last quarter. Institutional investors own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NDAQ. Barclays decreased their target price on Nasdaq from $97.00 to $96.00 and set an “overweight” rating for the company in a research report on Monday. The Goldman Sachs Group lifted their price objective on Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Keefe, Bruyette & Woods upped their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Bank of America reduced their target price on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 price target on shares of Nasdaq in a research report on Thursday, January 9th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $85.73.

Nasdaq Price Performance

Nasdaq stock opened at $76.18 on Tuesday. The stock has a market cap of $43.79 billion, a price-to-earnings ratio of 45.62, a PEG ratio of 3.12 and a beta of 0.98. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The business has a 50-day simple moving average of $79.29 and a 200 day simple moving average of $73.00. Nasdaq, Inc. has a 52 week low of $54.90 and a 52 week high of $83.77.

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

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Friday, December 6th. Nasdaq’s payout ratio is 57.49%.

Insider Transactions at Nasdaq

In other news, insider Pc Nelson Griggs sold 5,742 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total value of $444,086.28. Following the completion of the sale, the insider now owns 205,821 shares of the company’s stock, valued at approximately $15,918,196.14. This represents a 2.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bradley J. Peterson sold 13,642 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the sale, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at $10,757,955.60. This represents a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,459 shares of company stock valued at $3,811,808. Insiders own 0.70% of the company’s stock.

Nasdaq 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.