Martin Capital Advisors LLP Has $796,000 Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Martin Capital Advisors LLP cut its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,696 shares of the financial services provider’s stock after selling 206 shares during the quarter. Martin Capital Advisors LLP’s holdings in Nasdaq were worth $796,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Cresset Asset Management LLC raised its position in Nasdaq by 4.5% during the first quarter. Cresset Asset Management LLC now owns 1,717 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 74 shares in the last quarter. Horizon Investments LLC increased its stake in shares of Nasdaq by 8.3% in the 1st quarter. Horizon Investments LLC now owns 1,120 shares of the financial services provider’s stock valued at $200,000 after purchasing an additional 86 shares during the last quarter. Brinker Capital Investments LLC raised its holdings in shares of Nasdaq by 0.4% during the 1st quarter. Brinker Capital Investments LLC now owns 29,446 shares of the financial services provider’s stock worth $5,247,000 after buying an additional 106 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Nasdaq by 1.7% during the 1st quarter. Advisors Asset Management Inc. now owns 7,142 shares of the financial services provider’s stock worth $1,273,000 after buying an additional 120 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in Nasdaq by 10.6% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,360 shares of the financial services provider’s stock valued at $207,000 after buying an additional 130 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Stock Up 0.5 %

Shares of Nasdaq stock traded up $0.28 during trading hours on Friday, reaching $60.35. The company’s stock had a trading volume of 3,082,543 shares, compared to its average volume of 3,129,472. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.01 and a current ratio of 1.01. The stock’s fifty day simple moving average is $59.37 and its two-hundred day simple moving average is $55.96. The company has a market capitalization of $34.71 billion, a P/E ratio of 28.64, a P/E/G ratio of 2.73 and a beta of 0.93. Nasdaq, Inc. has a one year low of $46.88 and a one year high of $64.25.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the business posted $0.64 earnings per share. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. On average, research analysts forecast that Nasdaq, Inc. will post 2.75 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.88 annualized dividend and a dividend yield of 1.46%. Nasdaq’s dividend payout ratio is currently 41.71%.

Wall Street Analyst Weigh In

Several research analysts have commented on NDAQ shares. The Goldman Sachs Group raised Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 target price for the company in a research note on Tuesday, March 26th. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Oppenheimer increased their price target on Nasdaq from $65.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Barclays began coverage on Nasdaq in a report on Thursday, April 11th. They issued an “overweight” rating and a $76.00 target price for the company. Finally, Morgan Stanley raised shares of Nasdaq from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $59.00 to $80.00 in a research report on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Nasdaq has an average rating of “Moderate Buy” and an average target price of $67.09.

Insider Activity at Nasdaq

In other news, EVP Bryan Everard Smith sold 7,400 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 61,672 shares of the company’s stock, valued at $3,879,785.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of Nasdaq stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the sale, the insider now owns 58,341,545 shares of the company’s stock, valued at $3,383,809,610. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the executive vice president now directly owns 61,672 shares of the company’s stock, valued at $3,879,785.52. The disclosure for this sale can be found here. 0.75% of the stock is owned by insiders.

Nasdaq Company 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.