Tobam Reduces Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Tobam trimmed its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 81.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,646 shares of the financial services provider’s stock after selling 7,070 shares during the period. Tobam’s holdings in Nasdaq were worth $127,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new position in shares of Nasdaq in the third quarter valued at $27,000. Founders Capital Management purchased a new position in Nasdaq during the 4th quarter valued at about $27,000. Claro Advisors LLC bought a new stake in shares of Nasdaq during the third quarter valued at about $33,000. Raleigh Capital Management Inc. lifted its holdings in shares of Nasdaq by 106.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after buying an additional 225 shares in the last quarter. Finally, Focused Wealth Management Inc purchased a new position in Nasdaq during the third quarter valued at approximately $35,000. Institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Performance

Nasdaq stock opened at $82.82 on Friday. The firm has a fifty day simple moving average of $79.55 and a two-hundred day simple moving average of $75.38. Nasdaq, Inc. has a twelve month low of $54.90 and a twelve month high of $84.15. The company has a market capitalization of $47.60 billion, a PE ratio of 43.14, a P/E/G ratio of 2.12 and a beta of 0.99. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Research analysts expect that Nasdaq, Inc. will post 3.17 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s dividend payout ratio is 50.00%.

Insider Buying and Selling

In other Nasdaq news, EVP Jeremy Skule sold 12,075 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the sale, the executive vice president now owns 102,505 shares of the company’s stock, valued at $8,072,268.75. This trade represents a 10.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bryan Everard Smith sold 3,500 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the transaction, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on NDAQ. JPMorgan Chase & Co. raised their price target on shares of Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. UBS Group upped their target price on Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Keefe, Bruyette & Woods lifted their price target on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Finally, Argus upped their price objective on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and an average price target of $86.88.

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.