First Horizon Advisors Inc. Has $4.87 Million Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

First Horizon Advisors Inc. reduced its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,683 shares of the financial services provider’s stock after selling 6,806 shares during the period. First Horizon Advisors Inc.’s holdings in Nasdaq were worth $4,865,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Coldstream Capital Management Inc. boosted its position in Nasdaq by 5.6% during the third quarter. Coldstream Capital Management Inc. now owns 4,788 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 255 shares during the last quarter. State of Michigan Retirement System increased its holdings in Nasdaq by 0.3% during the fourth quarter. State of Michigan Retirement System now owns 93,190 shares of the financial services provider’s stock worth $5,418,000 after buying an additional 300 shares during the last quarter. Arizona State Retirement System raised its position in Nasdaq by 0.3% during the third quarter. Arizona State Retirement System now owns 93,723 shares of the financial services provider’s stock worth $4,554,000 after acquiring an additional 306 shares in the last quarter. Avitas Wealth Management LLC lifted its stake in Nasdaq by 1.7% in the fourth quarter. Avitas Wealth Management LLC now owns 19,094 shares of the financial services provider’s stock valued at $1,110,000 after acquiring an additional 315 shares during the last quarter. Finally, Allworth Financial LP grew its position in shares of Nasdaq by 74.9% in the 4th quarter. Allworth Financial LP now owns 815 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 349 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Price Performance

NDAQ traded up $0.80 during trading on Friday, hitting $60.87. 2,889,097 shares of the stock traded hands, compared to its average volume of 3,187,653. The business has a 50 day moving average price of $60.26 and a 200 day moving average price of $56.75. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.99 and a quick ratio of 1.01. Nasdaq, Inc. has a twelve month low of $46.88 and a twelve month high of $64.25. The company has a market cap of $35.09 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 3.30 and a beta of 0.94.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.02). Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm posted $0.69 earnings per share. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. Equities research analysts forecast that Nasdaq, Inc. will post 2.69 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Friday, June 14th. This is a boost from Nasdaq’s previous quarterly dividend of $0.22. Nasdaq’s dividend payout ratio is presently 50.53%.

Insider Buying and Selling at Nasdaq

In related news, EVP Bryan Everard Smith sold 7,400 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the completion of the sale, the executive vice president now directly owns 61,672 shares in the company, valued at $3,879,785.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Nasdaq news, EVP Bryan Everard Smith sold 7,400 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.91, for a total transaction of $465,534.00. Following the completion of the sale, the executive vice president now owns 61,672 shares of the company’s stock, valued at approximately $3,879,785.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the completion of the transaction, the insider now owns 58,341,545 shares in the company, valued at approximately $3,383,809,610. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,010,436 shares of company stock worth $1,798,647,360. 0.75% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. UBS Group lifted their price target on Nasdaq from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Barclays cut their target price on shares of Nasdaq from $76.00 to $73.00 and set an “overweight” rating for the company in a research note on Friday, April 26th. Rosenblatt Securities decreased their price target on shares of Nasdaq from $82.00 to $76.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Keefe, Bruyette & Woods lowered their price objective on Nasdaq from $75.00 to $74.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Finally, Edward Jones initiated coverage on shares of Nasdaq in a research report on Wednesday, April 3rd. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Nasdaq has an average rating of “Moderate Buy” and an average target price of $66.92.

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.