State Board of Administration of Florida Retirement System lessened its stake in shares of Nasdaq Inc (NASDAQ:NDAQ) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 170,085 shares of the financial services provider’s stock after selling 1,474 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.10% of Nasdaq worth $13,874,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NDAQ. State of Alaska Department of Revenue lifted its stake in shares of Nasdaq by 0.5% in the 4th quarter. State of Alaska Department of Revenue now owns 37,983 shares of the financial services provider’s stock worth $3,096,000 after purchasing an additional 191 shares during the period. Contravisory Investment Management Inc. lifted its stake in shares of Nasdaq by 4.5% in the 4th quarter. Contravisory Investment Management Inc. now owns 4,689 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 201 shares during the period. Flagship Harbor Advisors LLC lifted its stake in shares of Nasdaq by 3.6% in the 4th quarter. Flagship Harbor Advisors LLC now owns 6,275 shares of the financial services provider’s stock worth $511,000 after purchasing an additional 218 shares during the period. CENTRAL TRUST Co lifted its stake in shares of Nasdaq by 15.9% in the 4th quarter. CENTRAL TRUST Co now owns 1,775 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 243 shares during the period. Finally, Pillar Pacific Capital Management LLC lifted its stake in shares of Nasdaq by 0.4% in the 4th quarter. Pillar Pacific Capital Management LLC now owns 87,891 shares of the financial services provider’s stock worth $7,169,000 after purchasing an additional 340 shares during the period. 75.64% of the stock is currently owned by hedge funds and other institutional investors.

NDAQ has been the topic of several recent research reports. BidaskClub cut shares of Nasdaq from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 16th. ValuEngine upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a research note on Friday, October 26th. Citigroup decreased their target price on shares of Nasdaq from $93.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday, October 25th. Finally, Atlantic Securities began coverage on shares of Nasdaq in a research note on Wednesday, November 28th. They set an “overweight” rating and a $105.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. Nasdaq presently has a consensus rating of “Hold” and a consensus target price of $95.80.

NASDAQ NDAQ traded down $0.42 on Monday, reaching $86.64. 9,241 shares of the stock were exchanged, compared to its average volume of 740,553. Nasdaq Inc has a one year low of $73.83 and a one year high of $96.84. The stock has a market cap of $14.27 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 2.13 and a beta of 0.62. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, January 30th. The financial services provider reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.02. Nasdaq had a net margin of 10.71% and a return on equity of 14.53%. The company had revenue of $645.00 million for the quarter, compared to analysts’ expectations of $642.95 million. During the same quarter last year, the business earned $1.05 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. Sell-side analysts forecast that Nasdaq Inc will post 5.12 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, March 14th. Nasdaq’s payout ratio is 36.36%.

In other news, Director Lars Wedenborn sold 2,500 shares of Nasdaq stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $89.94, for a total transaction of $224,850.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Bradley J. Peterson sold 6,159 shares of Nasdaq stock in a transaction that occurred on Wednesday, January 30th. The shares were sold at an average price of $85.48, for a total transaction of $526,471.32. Following the sale, the insider now owns 39,482 shares in the company, valued at approximately $3,374,921.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,500 shares of company stock worth $1,218,368. Company insiders own 0.40% of the company’s stock.

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Nasdaq Profile

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

Further Reading: Do investors pay a separate front-end load every time they buy additional shares?

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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