Segall Bryant & Hamill LLC Sells 15,360 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Segall Bryant & Hamill LLC trimmed its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 13.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 97,266 shares of the financial services provider’s stock after selling 15,360 shares during the period. Segall Bryant & Hamill LLC’s holdings in Nasdaq were worth $7,379,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Nasdaq by 2.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 27,931 shares of the financial services provider’s stock valued at $2,159,000 after purchasing an additional 703 shares during the period. Harbour Investments Inc. increased its holdings in shares of Nasdaq by 6.7% in the fourth quarter. Harbour Investments Inc. now owns 3,572 shares of the financial services provider’s stock valued at $276,000 after purchasing an additional 223 shares during the period. Parallel Advisors LLC increased its holdings in shares of Nasdaq by 4.5% in the fourth quarter. Parallel Advisors LLC now owns 4,550 shares of the financial services provider’s stock valued at $352,000 after purchasing an additional 197 shares during the period. Signaturefd LLC increased its holdings in shares of Nasdaq by 4.7% in the fourth quarter. Signaturefd LLC now owns 6,893 shares of the financial services provider’s stock valued at $533,000 after purchasing an additional 309 shares during the period. Finally, Xponance Inc. increased its holdings in shares of Nasdaq by 2.4% in the fourth quarter. Xponance Inc. now owns 92,373 shares of the financial services provider’s stock valued at $7,141,000 after purchasing an additional 2,208 shares during the period. 72.47% of the stock is owned by institutional investors.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Bradley J. Peterson sold 11,508 shares of Nasdaq stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $88.87, for a total value of $1,022,715.96. Following the sale, the executive vice president directly owned 111,035 shares in the company, valued at approximately $9,867,680.45. The trade was a 9.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $89.17, for a total transaction of $187,702.85. Following the completion of the sale, the executive vice president owned 94,656 shares in the company, valued at $8,440,475.52. The trade was a 2.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,613 shares of company stock valued at $1,874,659 over the last three months. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of several analyst reports. UBS Group raised their target price on Nasdaq from $82.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday, July 10th. Piper Sandler reiterated an “overweight” rating and issued a $97.00 target price (up from $83.00) on shares of Nasdaq in a research report on Tuesday. Royal Bank Of Canada reiterated an “outperform” rating and set a $95.00 price objective on shares of Nasdaq in a research report on Thursday, April 10th. Barclays lifted their price objective on Nasdaq from $84.00 to $101.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Finally, Raymond James Financial reissued an “outperform” rating and set a $96.00 target price (up previously from $84.00) on shares of Nasdaq in a research note on Wednesday, July 9th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and an average target price of $92.63.

Nasdaq Price Performance

Shares of Nasdaq stock opened at $89.95 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $51.64 billion, a price-to-earnings ratio of 40.89, a P/E/G ratio of 2.14 and a beta of 1.01. Nasdaq, Inc. has a 1-year low of $62.21 and a 1-year high of $90.84. The firm’s 50-day moving average price is $85.71 and its two-hundred day moving average price is $80.04.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. Nasdaq had a net margin of 16.36% and a return on equity of 15.38%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the firm earned $0.63 earnings per share. Nasdaq’s revenue was up 10.7% compared to the same quarter last year. On average, equities analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.20%. This is a boost from Nasdaq’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, June 13th. Nasdaq’s dividend payout ratio (DPR) is currently 49.09%.

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.