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:NDAQ) 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.

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:NDAQ) 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

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.