AXQ Capital LP Acquires Shares of 19,314 Nasdaq, Inc. (NASDAQ:NDAQ)

AXQ Capital LP bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,314 shares of the financial services provider's stock, valued at approximately $1,493,000. Nasdaq makes up 0.7% of AXQ Capital LP's holdings, making the stock its 19th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NDAQ. Rakuten Securities Inc. purchased a new stake in Nasdaq during the fourth quarter worth about $26,000. Founders Capital Management acquired a new stake in shares of Nasdaq in the 4th quarter worth approximately $27,000. Kestra Investment Management LLC acquired a new stake in shares of Nasdaq in the 4th quarter worth approximately $33,000. Raleigh Capital Management Inc. raised its holdings in Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider's stock worth $34,000 after purchasing an additional 225 shares during the last quarter. Finally, TCTC Holdings LLC purchased a new stake in Nasdaq during the fourth quarter worth $41,000. Institutional investors and hedge funds own 72.47% of the company's stock.

Insider Activity at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction that occurred on 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 owns 55,576 shares in the company, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of the company's stock in a transaction on 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 transaction, the executive vice president now owns 59,694 shares of the company's stock, 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 currently owned by insiders.

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Nasdaq Trading Down 0.2 %

NASDAQ:NDAQ traded down $0.14 during trading hours on Wednesday, reaching $77.53. 2,141,598 shares of the company were exchanged, compared to its average volume of 2,617,953. The firm has a market cap of $44.59 billion, a price-to-earnings ratio of 40.38, a PEG ratio of 2.12 and a beta of 0.96. The stock has a 50 day simple moving average of $79.24 and a 200 day simple moving average of $77.54. Nasdaq, Inc. has a 52-week low of $58.10 and a 52-week high of $84.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued 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 return on equity of 14.82% and a net margin of 15.10%. As a group, analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Friday, March 14th. Nasdaq's dividend payout ratio (DPR) is presently 50.00%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NDAQ shares. Keefe, Bruyette & Woods lifted their price target on Nasdaq from $86.00 to $91.00 and gave the stock an "outperform" rating in a research note on Friday, December 20th. Barclays reduced their price target on shares of Nasdaq from $96.00 to $95.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. StockNews.com cut shares of Nasdaq from a "hold" rating to a "sell" rating in a research note on Wednesday, March 19th. JPMorgan Chase & Co. lifted their price objective on Nasdaq from $88.00 to $95.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Finally, Raymond James increased their target price on Nasdaq from $83.00 to $84.00 and gave the company an "outperform" rating in a report on Thursday, January 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Nasdaq has an average rating of "Moderate Buy" and a consensus target price of $86.88.

Nasdaq 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.