Ossiam Cuts Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Ossiam decreased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,557 shares of the financial services provider’s stock after selling 836 shares during the quarter. Ossiam’s holdings in Nasdaq were worth $1,899,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Nasdaq by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 52,576,413 shares of the financial services provider’s stock worth $4,064,682,000 after buying an additional 376,893 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Nasdaq by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 11,018,705 shares of the financial services provider’s stock worth $849,783,000 after acquiring an additional 257,465 shares during the period. Franklin Resources Inc. raised its stake in shares of Nasdaq by 13.4% in the fourth quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider’s stock valued at $802,401,000 after acquiring an additional 1,225,672 shares in the last quarter. Norges Bank purchased a new position in Nasdaq in the fourth quarter valued at $424,285,000. Finally, Invesco Ltd. grew its stake in Nasdaq by 40.3% during the 4th quarter. Invesco Ltd. now owns 3,902,214 shares of the financial services provider’s stock worth $301,680,000 after purchasing an additional 1,120,538 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Activity at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the transaction, the executive vice president now directly owns 55,576 shares in the company, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the transaction, the executive vice president now owns 59,694 shares of the company’s stock, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,116 shares of company stock worth $1,434,818 in the last quarter. Company insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on NDAQ. UBS Group increased their price target on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised their target price on shares of Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Morgan Stanley cut shares of Nasdaq from an “overweight” rating to an “equal weight” rating and set a $74.00 price target for the company. in a report on Tuesday, April 8th. Bank of America raised their price objective on shares of Nasdaq from $103.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, April 2nd. Finally, Citigroup lowered their target price on shares of Nasdaq from $84.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $85.88.

Nasdaq Stock Up 0.7 %

Shares of NASDAQ NDAQ opened at $72.18 on Monday. The stock has a market cap of $41.51 billion, a PE ratio of 37.59, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02. Nasdaq, Inc. has a 52-week low of $58.10 and a 52-week high of $84.15. The business has a 50-day moving average price of $75.82 and a 200 day moving average price of $77.44. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Equities research analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Friday, March 14th. Nasdaq’s dividend payout ratio is currently 50.00%.

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.