Nasdaq Inc (NDAQ) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its holdings in Nasdaq Inc (NASDAQ:NDAQ) by 0.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 211,898 shares of the financial services provider’s stock after selling 1,076 shares during the quarter. Rhumbline Advisers’ holdings in Nasdaq were worth $17,285,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Advisors Asset Management Inc. grew its position in shares of Nasdaq by 2.6% during the 4th quarter. Advisors Asset Management Inc. now owns 15,633 shares of the financial services provider’s stock worth $1,275,000 after buying an additional 397 shares in the last quarter. Ardevora Asset Management LLP grew its position in shares of Nasdaq by 2.4% during the 4th quarter. Ardevora Asset Management LLP now owns 413,726 shares of the financial services provider’s stock worth $33,748,000 after buying an additional 9,800 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. grew its position in shares of Nasdaq by 100.0% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 6,000 shares of the financial services provider’s stock worth $489,000 after buying an additional 3,000 shares in the last quarter. First Manhattan Co. grew its position in shares of Nasdaq by 11.2% during the 4th quarter. First Manhattan Co. now owns 45,647 shares of the financial services provider’s stock worth $3,723,000 after buying an additional 4,609 shares in the last quarter. Finally, Pendal Group Ltd grew its position in shares of Nasdaq by 1.3% during the 4th quarter. Pendal Group Ltd now owns 1,023,976 shares of the financial services provider’s stock worth $72,465,000 after buying an additional 12,832 shares in the last quarter. 75.64% of the stock is currently owned by institutional investors.

Shares of NDAQ stock opened at $86.70 on Tuesday. Nasdaq Inc has a 1-year low of $75.49 and a 1-year high of $96.84. The stock has a market cap of $14.27 billion, a P/E ratio of 17.91, a P/E/G ratio of 2.13 and a beta of 0.62. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 0.97.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, January 30th. The financial services provider reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.02. Nasdaq had a return on equity of 14.53% and a net margin of 10.71%. The company had revenue of $645.00 million for the quarter, compared to the consensus estimate of $642.95 million. During the same quarter last year, the company earned $1.05 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities analysts anticipate that Nasdaq Inc will post 5.12 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, March 14th. Nasdaq’s dividend payout ratio (DPR) is presently 36.36%.

In other Nasdaq news, insider Bradley J. Peterson sold 6,159 shares of the stock in a transaction dated Wednesday, January 30th. The stock was sold at an average price of $85.48, for a total value of $526,471.32. Following the completion of the sale, the insider now directly owns 39,482 shares in the company, valued at $3,374,921.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lars Wedenborn sold 2,500 shares of the stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $89.94, for a total value of $224,850.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,500 shares of company stock valued at $1,218,368. 0.40% of the stock is currently owned by company insiders.

A number of equities analysts have recently issued reports on NDAQ shares. Zacks Investment Research downgraded Nasdaq from a “buy” rating to a “hold” rating in a research report on Thursday, January 3rd. BidaskClub raised Nasdaq from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 25th. ValuEngine downgraded Nasdaq from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. Citigroup dropped their price objective on Nasdaq from $93.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, October 25th. Finally, Atlantic Securities began coverage on Nasdaq in a research report on Wednesday, November 28th. They set an “overweight” rating and a $105.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $95.80.

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Nasdaq Profile

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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