Arrowstreet Capital Limited Partnership Acquires Shares of 54,771 Nasdaq, Inc. (NASDAQ:NDAQ)

Arrowstreet Capital Limited Partnership bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 54,771 shares of the financial services provider's stock, valued at approximately $4,234,000.

Several other institutional investors and hedge funds have also made changes to their positions in NDAQ. Janus Henderson Group PLC raised its stake in Nasdaq by 8.9% during the third quarter. Janus Henderson Group PLC now owns 58,929 shares of the financial services provider's stock worth $4,302,000 after acquiring an additional 4,800 shares during the period. Quarry LP raised its position in shares of Nasdaq by 316.7% during the 3rd quarter. Quarry LP now owns 871 shares of the financial services provider's stock worth $64,000 after purchasing an additional 662 shares during the period. Quantinno Capital Management LP lifted its holdings in shares of Nasdaq by 23.1% in the 3rd quarter. Quantinno Capital Management LP now owns 30,329 shares of the financial services provider's stock worth $2,214,000 after purchasing an additional 5,682 shares during the last quarter. XTX Topco Ltd acquired a new position in Nasdaq during the 3rd quarter valued at approximately $208,000. Finally, MML Investors Services LLC grew its stake in Nasdaq by 34.4% during the 3rd quarter. MML Investors Services LLC now owns 5,843 shares of the financial services provider's stock worth $427,000 after buying an additional 1,494 shares during the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on NDAQ. Oppenheimer lowered their target price on Nasdaq from $89.00 to $85.00 and set an "outperform" rating on the stock in a research report on Friday. UBS Group boosted their price target on shares of Nasdaq from $79.00 to $89.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Morgan Stanley lowered shares of Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price objective on the stock. in a research note on Tuesday, April 8th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $95.00 price target on shares of Nasdaq in a research note on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on Nasdaq from $88.00 to $95.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.63.

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Nasdaq Stock Up 2.3 %

NASDAQ:NDAQ traded up $1.62 during mid-day trading on Monday, reaching $73.15. The stock had a trading volume of 253,995 shares, compared to its average volume of 3,118,916. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The stock has a market cap of $42.07 billion, a P/E ratio of 38.11, a PEG ratio of 2.12 and a beta of 1.02. The business's 50 day moving average is $76.80 and its 200 day moving average is $77.45. Nasdaq, Inc. has a fifty-two week low of $58.10 and a fifty-two week high of $84.15.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data 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%. As a group, sell-side analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, March 14th. Nasdaq's payout ratio is 50.00%.

Insider Buying and Selling

In other Nasdaq news, EVP Bryan Everard Smith sold 657 shares of the firm's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $71.81, for a total value of $47,179.17. Following the sale, the executive vice president now directly owns 61,980 shares in the company, valued at $4,450,783.80. This trade represents a 1.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the sale, the executive vice president now owns 59,694 shares of the company's stock, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,116 shares of company stock worth $1,434,818. 0.70% of the stock is currently owned by 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.