Vista Investment Partners LLC Lowers Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Vista Investment Partners LLC cut its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 16.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,540 shares of the financial services provider’s stock after selling 3,475 shares during the period. Vista Investment Partners LLC’s holdings in Nasdaq were worth $1,356,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new position in shares of Nasdaq during the 3rd quarter worth $27,000. Founders Capital Management purchased a new stake in Nasdaq in the fourth quarter worth about $27,000. Claro Advisors LLC bought a new position in Nasdaq during the 3rd quarter worth about $33,000. Raleigh Capital Management Inc. increased its position in Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 225 shares during the period. Finally, Focused Wealth Management Inc bought a new stake in shares of Nasdaq in the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling

In other news, EVP Jeremy Skule sold 12,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total value of $935,040.00. Following the completion of the transaction, the executive vice president now owns 114,580 shares of the company’s stock, valued at $8,928,073.60. The trade was a 9.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of the sale, the executive vice president now owns 142,830 shares in the company, valued at $10,757,955.60. The trade was a 8.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,459 shares of company stock worth $3,811,808. 0.70% of the stock is owned by company insiders.

Analyst Ratings Changes

NDAQ has been the topic of a number of recent research reports. The Goldman Sachs Group increased their price objective on shares of Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Piper Sandler lifted their price target on Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods boosted their price target on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a research report on Saturday, December 14th. Finally, Argus boosted their target price on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $85.73.

Nasdaq Trading Up 0.1 %

NASDAQ NDAQ opened at $81.15 on Friday. The stock has a market cap of $46.64 billion, a P/E ratio of 48.59, a P/E/G ratio of 2.77 and a beta of 0.98. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq, Inc. has a 12-month low of $54.90 and a 12-month high of $83.77. The company has a fifty day simple moving average of $79.41 and a two-hundred day simple moving average of $74.11.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter last year, the business posted $0.71 EPS. On average, analysts forecast that Nasdaq, Inc. will post 2.81 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.24 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a yield of 1.18%. Nasdaq’s dividend payout ratio is currently 57.49%.

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.