Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. reduced its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 3.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,423 shares of the financial services provider’s stock after selling 629 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Nasdaq were worth $973,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in NDAQ. Schonfeld Strategic Advisors LLC lifted its holdings in shares of Nasdaq by 10.9% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 446,910 shares of the financial services provider’s stock valued at $21,715,000 after purchasing an additional 43,910 shares during the last quarter. Kingsview Wealth Management LLC purchased a new stake in shares of Nasdaq in the 4th quarter valued at about $1,949,000. BNP Paribas Financial Markets lifted its holdings in shares of Nasdaq by 12.8% in the 4th quarter. BNP Paribas Financial Markets now owns 415,101 shares of the financial services provider’s stock valued at $24,134,000 after purchasing an additional 46,957 shares during the last quarter. Braun Stacey Associates Inc. lifted its holdings in shares of Nasdaq by 29.5% in the 4th quarter. Braun Stacey Associates Inc. now owns 365,494 shares of the financial services provider’s stock valued at $21,250,000 after purchasing an additional 83,227 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Nasdaq by 1.8% in the 4th quarter. Nordea Investment Management AB now owns 2,326,799 shares of the financial services provider’s stock valued at $135,396,000 after purchasing an additional 40,215 shares during the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the sale, the insider now owns 58,341,545 shares in the company, valued at approximately $3,383,809,610. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the sale, the insider now owns 58,341,545 shares in the company, valued at approximately $3,383,809,610. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Bryan Everard Smith sold 7,400 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.91, for a total value of $465,534.00. Following the sale, the executive vice president now owns 61,672 shares in the company, valued at approximately $3,879,785.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,010,436 shares of company stock worth $1,798,647,360. 0.70% of the stock is owned by insiders.

Nasdaq Stock Performance

NDAQ opened at $58.99 on Wednesday. The stock has a market cap of $33.93 billion, a P/E ratio of 31.05, a P/E/G ratio of 3.18 and a beta of 0.94. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.99 and a quick ratio of 0.99. The stock’s 50 day simple moving average is $60.58 and its 200 day simple moving average is $58.72. Nasdaq, Inc. has a 1-year low of $46.88 and a 1-year high of $64.25.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. Nasdaq had a return on equity of 17.00% and a net margin of 15.98%. The business’s revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. As a group, equities analysts anticipate that Nasdaq, Inc. will post 2.68 EPS for the current fiscal year.

Nasdaq Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Friday, June 14th. This is a boost from Nasdaq’s previous quarterly dividend of $0.22. Nasdaq’s dividend payout ratio is 50.53%.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of several analyst reports. Edward Jones initiated coverage on Nasdaq in a research note on Wednesday, April 3rd. They set a “buy” rating for the company. Morgan Stanley raised Nasdaq from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $59.00 to $80.00 in a research note on Tuesday, April 9th. The Goldman Sachs Group raised Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price objective for the company in a research note on Tuesday, March 26th. Keefe, Bruyette & Woods reduced their price objective on Nasdaq from $75.00 to $74.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Finally, StockNews.com downgraded Nasdaq from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $67.00.

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.