Great Lakes Retirement Inc. Lowers Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Great Lakes Retirement Inc. lessened its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 5.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,994 shares of the financial services provider’s stock after selling 430 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Nasdaq were worth $541,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Founders Capital Management purchased a new position in shares of Nasdaq in the fourth quarter worth $27,000. Catalyst Capital Advisors LLC purchased a new stake in Nasdaq during the third quarter valued at $27,000. Raleigh Capital Management Inc. raised its stake in Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 225 shares in the last quarter. Claro Advisors LLC purchased a new stake in Nasdaq during the third quarter valued at $33,000. Finally, Focused Wealth Management Inc purchased a new stake in Nasdaq during the third quarter valued at $35,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Transactions at Nasdaq

In related news, EVP Jeremy Skule sold 12,075 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the completion of the sale, the executive vice president now directly owns 102,505 shares of the company’s stock, valued at $8,072,268.75. This represents a 10.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bryan Everard Smith sold 3,500 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the sale, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. William Blair assumed coverage on shares of Nasdaq in a research note on Monday, November 25th. They set an “outperform” rating on the stock. Barclays decreased their price target on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. TD Cowen decreased their price target on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. Finally, UBS Group upped their price target on shares of Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $86.88.

Nasdaq Trading Down 0.5 %

NASDAQ NDAQ opened at $79.92 on Thursday. The company’s 50-day moving average price is $79.51 and its 200-day moving average price is $75.78. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The stock has a market cap of $45.93 billion, a PE ratio of 41.63, a PEG ratio of 2.15 and a beta of 0.99. Nasdaq, Inc. has a 12 month low of $54.90 and a 12 month high of $84.15.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates 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 3.17 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s payout ratio is presently 50.00%.

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.