Twin Tree Management LP Acquires Shares of 16,952 Nasdaq, Inc. (NASDAQ:NDAQ)

Twin Tree Management LP purchased a new position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,952 shares of the financial services provider's stock, valued at approximately $1,311,000.

Other institutional investors also recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI raised its position in Nasdaq by 3.6% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider's stock valued at $290,000 after purchasing an additional 137 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Nasdaq by 12.3% in the fourth quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider's stock valued at $104,000 after acquiring an additional 141 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Nasdaq by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider's stock worth $759,000 after acquiring an additional 148 shares during the period. Brooklyn Investment Group grew its holdings in Nasdaq by 8.5% during the 4th quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider's stock worth $147,000 after acquiring an additional 148 shares in the last quarter. Finally, Crestwood Advisors Group LLC increased its position in Nasdaq by 4.1% during the 4th quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider's stock valued at $295,000 after purchasing an additional 152 shares during the period. Hedge funds and other institutional investors own 72.47% of the company's stock.

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Wall Street Analysts Forecast Growth

NDAQ has been the subject of several research reports. Raymond James upped their price target on shares of Nasdaq from $83.00 to $84.00 and gave the stock an "outperform" rating in a research report on Thursday, January 9th. Royal Bank of Canada restated an "outperform" rating and set a $95.00 target price on shares of Nasdaq in a report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price target on Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Citigroup upped their price objective on Nasdaq from $78.00 to $84.00 and gave the stock a "neutral" rating in a research note on Friday, January 10th. Finally, Oppenheimer lifted their target price on Nasdaq from $86.00 to $89.00 and gave the company an "outperform" rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Nasdaq currently has a consensus rating of "Moderate Buy" and an average price target of $86.88.

Nasdaq Stock Performance

Shares of NDAQ stock traded down $1.36 during mid-day trading on Friday, reaching $75.55. The stock had a trading volume of 3,046,079 shares, compared to its average volume of 2,643,784. The business's fifty day moving average is $79.17 and its 200-day moving average is $77.40. The firm has a market cap of $43.45 billion, a price-to-earnings ratio of 39.35, a PEG ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a 1-year low of $58.10 and a 1-year high of $84.15. 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 (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.27%. The ex-dividend date is Friday, March 14th. Nasdaq's payout ratio is 50.00%.

Insider Buying and Selling

In other news, EVP Bryan Everard Smith sold 3,500 shares of the 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 sale, the executive vice president now directly owns 55,576 shares of the company's stock, valued at $4,532,778.56. This represents a 5.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Sarah Youngwood sold 14,959 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the sale, the executive vice president now owns 59,694 shares in the company, valued at $4,398,253.92. This trade represents a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

About Nasdaq

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.