Central Pacific Bank Trust Division Sells 208 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Central Pacific Bank Trust Division reduced its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 15.7% during the third quarter, HoldingsChannel.com reports. The fund owned 1,114 shares of the financial services provider’s stock after selling 208 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Nasdaq were worth $81,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Smithfield Trust Co increased its holdings in shares of Nasdaq by 22.0% in the 1st quarter. Smithfield Trust Co now owns 960 shares of the financial services provider’s stock worth $59,000 after buying an additional 173 shares during the last quarter. Greenleaf Trust boosted its stake in shares of Nasdaq by 1.6% during 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 during the period. Evergreen Capital Management LLC lifted its stake in Nasdaq by 5.4% in the second quarter. Evergreen Capital Management LLC now owns 3,826 shares of the financial services provider’s stock worth $231,000 after acquiring an additional 197 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in 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 worth $1,967,000 after acquiring an additional 200 shares during the period. Finally, Salem Investment Counselors Inc. lifted its position in shares of Nasdaq by 89.3% during the first quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock valued at $27,000 after buying an additional 201 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NDAQ. Oppenheimer upped their price objective on shares of Nasdaq from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Monday, September 9th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. TD Cowen began coverage on shares of Nasdaq in a report on Thursday, September 26th. They issued a “hold” rating and a $83.00 price target on the stock. Keefe, Bruyette & Woods upped their price objective on Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, The Goldman Sachs Group upped their price objective on Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.40.

Insider Buying and Selling at Nasdaq

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the transaction, the insider now directly owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Trading Down 1.1 %

NDAQ stock traded down $0.80 during trading on Friday, reaching $72.12. 2,519,293 shares of the stock were exchanged, compared to its average volume of 2,913,291. The business has a 50 day moving average price of $70.82 and a 200-day moving average price of $64.42. Nasdaq, Inc. has a 1 year low of $47.56 and a 1 year high of $74.88. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $41.48 billion, a price-to-earnings ratio of 37.96, a P/E/G ratio of 3.04 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the business posted $0.71 earnings per share. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. On average, research analysts predict that Nasdaq, Inc. will post 2.75 earnings per share for the current year.

Nasdaq Dividend Announcement

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

Nasdaq Company 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.