Bokf Na Sells 7,430 Shares of Nasdaq, Inc. $NDAQ

Bokf Na lowered its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 13.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,539 shares of the financial services provider’s stock after selling 7,430 shares during the quarter. Bokf Na’s holdings in Nasdaq were worth $4,715,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NDAQ. Westside Investment Management Inc. lifted its position in shares of Nasdaq by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 318 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 159 shares during the period. SOA Wealth Advisors LLC. bought a new stake in shares of Nasdaq in the 4th quarter worth approximately $34,000. Community Bank N.A. bought a new stake in shares of Nasdaq in the 3rd quarter worth approximately $45,000. Geneos Wealth Management Inc. lifted its position in shares of Nasdaq by 345.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 463 shares during the period. Finally, REAP Financial Group LLC lifted its position in shares of Nasdaq by 112.9% in the 3rd quarter. REAP Financial Group LLC now owns 579 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 307 shares during the period. Institutional investors own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NDAQ shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $108.00 price objective on shares of Nasdaq in a research report on Friday, January 30th. Raymond James Financial restated an “outperform” rating and set a $109.00 target price on shares of Nasdaq in a research report on Wednesday, February 25th. Loop Capital set a $113.00 target price on Nasdaq in a research report on Friday, April 24th. Keefe, Bruyette & Woods raised their target price on Nasdaq from $92.00 to $97.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Finally, TD Cowen upgraded Nasdaq from a “hold” rating to a “buy” rating and raised their target price for the stock from $105.00 to $106.00 in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $107.15.

Insider Transactions at Nasdaq

In other news, CEO Adena T. Friedman sold 113,611 shares of Nasdaq stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $85.44, for a total value of $9,706,923.84. Following the completion of the sale, the chief executive officer directly owned 1,965,751 shares of the company’s stock, valued at approximately $167,953,765.44. This trade represents a 5.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Michelle Lynn Daly sold 1,323 shares of Nasdaq stock in a transaction on Friday, April 24th. The shares were sold at an average price of $88.82, for a total value of $117,508.86. Following the completion of the sale, the senior vice president directly owned 10,089 shares of the company’s stock, valued at $896,104.98. This trade represents a 11.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 231,002 shares of company stock valued at $20,295,941 over the last quarter. Corporate insiders own 0.60% of the company’s stock.

Nasdaq Trading Up 0.2%

NDAQ stock opened at $89.20 on Thursday. The business has a fifty day moving average price of $86.82 and a 200 day moving average price of $89.66. Nasdaq, Inc. has a fifty-two week low of $77.09 and a fifty-two week high of $101.79. The stock has a market capitalization of $50.45 billion, a price-to-earnings ratio of 26.87, a P/E/G ratio of 1.81 and a beta of 0.98. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the firm posted $0.79 EPS. The business’s revenue was up 13.7% on a year-over-year basis. Analysts expect that Nasdaq, Inc. will post 3.86 EPS for the current fiscal year.

Nasdaq Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a $0.31 dividend. This is an increase from Nasdaq’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.24 annualized dividend and a dividend yield of 1.4%. Nasdaq’s payout ratio is 32.53%.

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.