Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC reduced its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,938 shares of the financial services provider’s stock after selling 1,234 shares during the period. Sax Wealth Advisors LLC’s holdings in Nasdaq were worth $2,315,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. lifted its stake in Nasdaq by 7.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,914 shares of the financial services provider’s stock worth $236,000 after acquiring an additional 279 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Nasdaq by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,358,843 shares of the financial services provider’s stock valued at $142,144,000 after purchasing an additional 174,778 shares in the last quarter. Citizens Financial Group Inc. RI purchased a new stake in shares of Nasdaq during the 2nd quarter worth $231,000. Edgestream Partners L.P. acquired a new position in shares of Nasdaq during the second quarter worth $1,219,000. Finally, Argent Trust Co increased its holdings in Nasdaq by 7.1% in the second quarter. Argent Trust Co now owns 11,360 shares of the financial services provider’s stock valued at $685,000 after buying an additional 750 shares during the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NDAQ shares. Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and upped their price objective for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods upped their price target on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Bank of America cut their price objective 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. The Goldman Sachs Group upped their target price on shares of Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, Citigroup increased their target price on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $85.73.

Insider Activity

In other Nasdaq news, EVP Jeremy Skule sold 12,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total transaction of $935,040.00. Following the sale, the executive vice president now directly owns 114,580 shares in the company, valued at approximately $8,928,073.60. The trade was a 9.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Pc Nelson Griggs sold 6,000 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.71, for a total transaction of $454,260.00. Following the transaction, the insider now directly owns 215,563 shares in the company, valued at approximately $16,320,274.73. This trade represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,459 shares of company stock valued at $3,811,808 over the last quarter. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $78.83 on Friday. The stock’s 50-day moving average price is $79.29 and its 200 day moving average price is $73.31. 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 stock has a market capitalization of $45.31 billion, a PE ratio of 47.20, a price-to-earnings-growth ratio of 2.59 and a beta of 0.98. Nasdaq, Inc. has a 52-week low of $54.90 and a 52-week high of $83.77.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. As a group, equities research analysts forecast that Nasdaq, Inc. will post 2.8 EPS for the current year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

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.