Vista Investment Partners LLC Decreases Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Vista Investment Partners LLC lowered its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 16.5% in the fourth quarter, Holdings Channel reports. The firm owned 17,540 shares of the financial services provider’s stock after selling 3,475 shares during the period. Vista Investment Partners LLC’s holdings in Nasdaq were worth $1,356,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Citizens Financial Group Inc. RI boosted its holdings in Nasdaq by 3.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock worth $290,000 after buying an additional 137 shares during the last quarter. First Pacific Financial boosted its stake in shares of Nasdaq by 1.0% in the third quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock worth $1,011,000 after acquiring an additional 142 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Nasdaq by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock worth $759,000 after acquiring an additional 148 shares during the last quarter. Brooklyn Investment Group increased its position in shares of Nasdaq by 8.5% during the fourth quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 148 shares in the last quarter. Finally, Crestwood Advisors Group LLC raised its stake in Nasdaq by 4.2% in the 3rd quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

NDAQ has been the subject of a number of research reports. The Goldman Sachs Group upped their target price on shares of Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Nasdaq in a research note on Thursday, January 9th. Piper Sandler raised their target price on shares of Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Oppenheimer upped their price target on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Finally, TD Cowen reduced their price objective on Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $85.73.

Nasdaq Trading Up 0.1 %

NASDAQ NDAQ opened at $81.15 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $46.64 billion, a P/E ratio of 48.59, a PEG ratio of 2.77 and a beta of 0.98. The firm’s 50-day moving average is $79.41 and its two-hundred day moving average is $74.11. Nasdaq, Inc. has a 12 month low of $54.90 and a 12 month 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. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the business posted $0.71 EPS. The business’s revenue for the quarter was up 21.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Nasdaq, Inc. will post 2.81 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders 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 yield of 1.18%. The ex-dividend date was Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is 57.49%.

Insider Transactions at Nasdaq

In other news, EVP Jeremy Skule sold 12,075 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the sale, the executive vice president now owns 102,505 shares of the company’s stock, valued at approximately $8,072,268.75. This represents a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the transaction, the insider now owns 215,563 shares of the company’s stock, valued at $16,320,274.73. This trade represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,459 shares of company stock worth $3,811,808 over the last ninety days. Company 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.