Graypoint LLC Has $592,000 Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Graypoint LLC trimmed its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 23.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,657 shares of the financial services provider’s stock after selling 2,411 shares during the period. Graypoint LLC’s holdings in Nasdaq were worth $592,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in Nasdaq by 163.3% during 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 last quarter. Mizuho Securities USA LLC lifted its stake in shares of Nasdaq by 13,532.3% during the 3rd 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 lifted its stake in shares of Nasdaq by 11.2% during the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock worth $1,310,653,000 after buying an additional 1,811,616 shares during the last quarter. Harris Associates L P boosted its holdings in shares of Nasdaq by 14.6% during the 3rd quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock worth $627,596,000 after buying an additional 1,096,090 shares during the period. Finally, Geode Capital Management LLC grew its stake in Nasdaq by 9.5% in the 3rd quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider’s stock valued at $783,181,000 after buying an additional 932,665 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NDAQ has been the subject of a number of research analyst reports. William Blair started coverage on Nasdaq in a report on Monday, November 25th. They set an “outperform” rating for the company. Morgan Stanley upped their price objective on Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and lifted their target price for the stock from $80.00 to $98.00 in a report on Wednesday. The Goldman Sachs Group upped their price target on shares of Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, UBS Group lifted their price objective on shares of Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.60.

Insider Buying and Selling

In other Nasdaq news, 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 value of $935,040.00. Following the completion of the transaction, the executive vice president now directly owns 114,580 shares in the company, valued at approximately $8,928,073.60. This represents a 9.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Pc Nelson Griggs sold 5,742 shares of Nasdaq stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total transaction of $444,086.28. Following the transaction, the insider now owns 205,821 shares in the company, valued at approximately $15,918,196.14. This trade represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have 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 Stock Performance

NASDAQ:NDAQ opened at $75.88 on Friday. Nasdaq, Inc. has a twelve month low of $54.90 and a twelve month high of $83.77. 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’s 50-day simple moving average is $79.26 and its 200 day simple moving average is $72.80. The firm has a market capitalization of $43.61 billion, a PE ratio of 45.44, a price-to-earnings-growth ratio of 3.12 and a beta of 0.98.

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, beating the consensus estimate of $0.69 by $0.05. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm’s revenue was up 21.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 EPS. On average, analysts anticipate that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is 57.49%.

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.