16,952 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Acquired by Twin Tree Management LP

Twin Tree Management LP acquired a new position in Nasdaq, Inc. (NASDAQ:NDAQFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,952 shares of the financial services provider’s stock, valued at approximately $1,311,000.

Several other institutional investors and hedge funds also recently bought and sold shares of NDAQ. Wellington Management Group LLP boosted its holdings in Nasdaq by 163.3% in the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock worth $2,835,235,000 after buying an additional 24,084,154 shares during the period. State Street Corp boosted its holdings in Nasdaq by 11.2% in the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock worth $1,310,653,000 after buying an additional 1,811,616 shares during the period. Union Bancaire Privee UBP SA bought a new position in Nasdaq in the 4th quarter worth approximately $110,867,000. Raymond James Financial Inc. bought a new position in Nasdaq in the 4th quarter worth approximately $105,481,000. Finally, Harris Associates L P boosted its holdings in Nasdaq by 14.6% in the 3rd quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock worth $627,596,000 after buying an additional 1,096,090 shares during the period. 72.47% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the transaction, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Raymond James increased their target price on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price objective on shares of Nasdaq in a research report on Thursday, January 30th. William Blair began coverage on shares of Nasdaq in a research report on Monday, November 25th. They set an “outperform” rating on the stock. Oppenheimer lifted their target price on shares of Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Finally, StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Saturday, December 14th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

View Our Latest Analysis on NDAQ

Nasdaq Trading Up 1.0 %

Shares of NDAQ opened at $75.30 on Wednesday. The firm’s 50-day moving average price is $79.23 and its 200-day moving average price is $77.38. The firm has a market capitalization of $43.31 billion, a price-to-earnings ratio of 39.22, a PEG ratio of 2.12 and a beta of 0.96. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a 1-year low of $58.10 and a 1-year high of $84.15.

Nasdaq (NASDAQ:NDAQGet Free Report) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Sell-side analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s payout ratio is 50.00%.

Nasdaq Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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