Mastrapasqua Asset Management Inc. Trims Position in Nasdaq, Inc.

Mastrapasqua Asset Management Inc. has decreased its investment in Nasdaq, Inc. (NASDAQ:NDAQ) by 0.7% during the 3rd quarter. According to reports from Holdings Channel, the investment firm sold 295 shares of the financial services provider, leaving it with a total of 44,300 shares valued at approximately $2,153,000.

Hedge Funds Adjust NDAQ Holdings

Several hedge funds and other institutional investors have also made changes to their positions in NDAQ. RB Capital Management LLC, for instance, boosted its stake by 15.9% in the 1st quarter, now holding 3,264 shares. American Century Companies Inc. increased its shares by 10.2%, and Raymond James Trust N.A. grew its holdings by 14.1%. Sei Investments Co. and Allianz Asset Management GmbH also raised their stakes significantly, contributing to the 72.47% of NDAQ stock owned by institutional investors and hedge funds.

Nasdaq Stock Performance and Earnings

Nasdaq's stock experienced a minor drop of 0.1% on a recent trading day, landing at $55.98. The company's performance shows a solid trading volume and maintains a steady moving average. In its latest earnings report, Nasdaq surpassed consensus estimates with an EPS of $0.71, outshining the predicted $0.69. The revenue reflected a 5.6% increase from the same quarter the previous year, indicative of the company's growth and financial stability.

Dividend and Analyst Perspectives

Nasdaq announced a quarterly dividend paid in December to shareholders on record, showcasing a 1.57% yield. Meanwhile, analysts have provided various ratings for NDAQ stock, from 'sell' to 'buy,' with a consensus target price pointing towards growth potential.

Insider Transactions at Nasdaq

Insider transactions included a notable purchase by Director Johan Torgeby, who bought 14,000 shares. This transaction highlights the ongoing confidence insiders have in the company's trajectory.

About Nasdaq

Nasdaq, Inc. functions as a global technology company, playing a pivotal role in serving capital markets among other sectors. It is structured into segments that cater to diverse aspects of the financial industry, including trading services and anti-financial crime measures.

Nasdaq, Investment, Shares