Canandaigua National Bank & Trust Co. Sells 3,687 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Canandaigua National Bank & Trust Co. trimmed its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 26.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,487 shares of the financial services provider’s stock after selling 3,687 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Nasdaq were worth $766,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Smithfield Trust Co boosted its position in shares of Nasdaq by 22.0% in the first quarter. Smithfield Trust Co now owns 960 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 173 shares during the period. Greenleaf Trust raised its stake in shares of Nasdaq by 1.6% in the first quarter. Greenleaf Trust now owns 11,330 shares of the financial services provider’s stock valued at $715,000 after purchasing an additional 183 shares in the last quarter. Evergreen Capital Management LLC raised its stake in shares of Nasdaq by 5.4% in the second quarter. Evergreen Capital Management LLC now owns 3,826 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 197 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Nasdaq by 0.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 32,647 shares of the financial services provider’s stock valued at $1,967,000 after purchasing an additional 200 shares in the last quarter. Finally, Salem Investment Counselors Inc. raised its stake in shares of Nasdaq by 89.3% in the first quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 201 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Barclays upped their target price on Nasdaq from $74.00 to $77.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft upped their target price on Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Bank of America cut their target price on Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday. TD Cowen assumed coverage on Nasdaq in a report on Thursday, September 26th. They set a “hold” rating and a $83.00 price objective for the company. Finally, The Goldman Sachs Group lifted their price objective on Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $74.40.

Insider Buying and Selling

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the completion of the transaction, the insider now directly owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

Shares of Nasdaq stock traded down $0.80 during trading on Friday, reaching $72.12. The company’s stock had a trading volume of 2,519,293 shares, compared to its average volume of 2,913,291. The stock has a 50-day moving average price of $70.82 and a two-hundred day moving average price of $64.42. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.85. Nasdaq, Inc. has a one year low of $47.56 and a one year high of $74.88. The stock has a market capitalization of $41.48 billion, a P/E ratio of 37.96, a price-to-earnings-growth ratio of 3.04 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The company’s revenue was up 25.3% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share. As a group, sell-side analysts anticipate that Nasdaq, Inc. will post 2.75 EPS for the current fiscal year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.33%. Nasdaq’s payout ratio is 50.53%.

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.