Diversified Trust Co Sells 4,330 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Diversified Trust Co reduced its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 19.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,473 shares of the financial services provider’s stock after selling 4,330 shares during the quarter. Diversified Trust Co’s holdings in Nasdaq were worth $1,351,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in shares of Nasdaq by 163.3% in the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock valued at $2,835,235,000 after purchasing an additional 24,084,154 shares during the period. Mizuho Securities USA LLC increased its position in Nasdaq by 13,532.3% during the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock worth $292,040,000 after buying an additional 3,970,658 shares during the last quarter. State Street Corp raised its stake in Nasdaq by 11.2% in the third quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock valued at $1,310,653,000 after buying an additional 1,811,616 shares during the period. Harris Associates L P lifted its position in shares of Nasdaq by 14.6% in the third quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock valued at $627,596,000 after buying an additional 1,096,090 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Nasdaq by 9.5% during the 3rd quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider’s stock worth $783,181,000 after acquiring an additional 932,665 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

NDAQ has been the subject of several research reports. Argus raised their price target on Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Bank of America cut 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. Raymond James upgraded shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price target on the stock in a research note on Monday, October 14th. Piper Sandler lifted their price target on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.60.

Nasdaq Trading Up 2.2 %

Shares of Nasdaq stock opened at $78.02 on Thursday. The firm has a market capitalization of $44.84 billion, a PE ratio of 46.72, a price-to-earnings-growth ratio of 3.12 and a beta of 0.98. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. The firm’s 50 day moving average is $79.15 and its 200 day moving average is $72.56. Nasdaq, Inc. has a 1 year low of $54.90 and a 1 year high of $83.77.

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

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Friday, December 6th. Nasdaq’s payout ratio is 57.49%.

Insider Transactions at Nasdaq

In related news, insider Pc Nelson Griggs sold 6,000 shares of Nasdaq stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.71, for a total transaction of $454,260.00. Following the sale, the insider now directly owns 215,563 shares in the company, valued at $16,320,274.73. This trade represents a 2.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jeremy Skule sold 12,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 114,580 shares of the company’s stock, valued at approximately $8,928,073.60. This trade represents a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,459 shares of company stock worth $3,811,808. Insiders own 0.70% of the company’s stock.

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.