NBC Securities Inc. Has $776,000 Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

NBC Securities Inc. lessened its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 2.1% in the 1st quarter, HoldingsChannel reports. The fund owned 12,301 shares of the financial services provider’s stock after selling 267 shares during the quarter. NBC Securities Inc.’s holdings in Nasdaq were worth $776,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC raised its stake in shares of Nasdaq by 10.9% during the third quarter. Schonfeld Strategic Advisors LLC now owns 446,910 shares of the financial services provider’s stock worth $21,715,000 after buying an additional 43,910 shares during the last quarter. Kingsview Wealth Management LLC bought a new stake in shares of Nasdaq during the fourth quarter worth approximately $1,949,000. BNP Paribas Financial Markets raised its stake in shares of Nasdaq by 12.8% during the fourth quarter. BNP Paribas Financial Markets now owns 415,101 shares of the financial services provider’s stock worth $24,134,000 after buying an additional 46,957 shares during the last quarter. Braun Stacey Associates Inc. raised its stake in shares of Nasdaq by 29.5% during the fourth quarter. Braun Stacey Associates Inc. now owns 365,494 shares of the financial services provider’s stock worth $21,250,000 after buying an additional 83,227 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Nasdaq by 1.8% during the fourth quarter. Nordea Investment Management AB now owns 2,326,799 shares of the financial services provider’s stock worth $135,396,000 after buying an additional 40,215 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NDAQ. The Goldman Sachs Group raised shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price target for the company in a research note on Tuesday, March 26th. StockNews.com downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Rosenblatt Securities cut shares of Nasdaq from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $76.00 to $64.00 in a report on Wednesday, May 8th. Barclays decreased their price objective on shares of Nasdaq from $76.00 to $73.00 and set an “overweight” rating for the company in a report on Friday, April 26th. Finally, Edward Jones started coverage on shares of Nasdaq in a report on Wednesday, April 3rd. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Nasdaq has an average rating of “Moderate Buy” and a consensus price target of $67.00.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $58.99 on Thursday. The company’s fifty day simple moving average is $60.41 and its 200-day simple moving average is $58.74. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.90. The firm has a market cap of $33.93 billion, a PE ratio of 31.05, a P/E/G ratio of 3.20 and a beta of 0.94. Nasdaq, Inc. has a 12 month low of $46.88 and a 12 month high of $64.25.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.02). Nasdaq had a return on equity of 17.00% and a net margin of 15.98%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the company posted $0.69 earnings per share. The business’s revenue was up 22.2% compared to the same quarter last year. Equities research analysts expect that Nasdaq, Inc. will post 2.68 EPS for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.24 dividend. The ex-dividend date is Friday, June 14th. This is an increase from Nasdaq’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 1.63%. Nasdaq’s dividend payout ratio is 50.53%.

Insider Activity at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,036 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $59.89, for a total value of $181,826.04. Following the transaction, the executive vice president now directly owns 58,636 shares in the company, valued at $3,511,710.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the sale, the insider now directly owns 58,341,545 shares in the company, valued at $3,383,809,610. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Bryan Everard Smith sold 3,036 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $59.89, for a total transaction of $181,826.04. Following the sale, the executive vice president now owns 58,636 shares in the company, valued at $3,511,710.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,010,436 shares of company stock worth $1,798,647,360. Corporate insiders own 0.70% of the company’s stock.

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.