Cinctive Capital Management LP Acquires Shares of 12,470 Nasdaq, Inc. (NASDAQ:NDAQ)

Cinctive Capital Management LP purchased a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 12,470 shares of the financial services provider's stock, valued at approximately $964,000.

Several other institutional investors have also added to or reduced their stakes in NDAQ. Wellington Management Group LLP boosted its stake in shares of Nasdaq by 163.3% in the third quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider's stock valued at $2,835,235,000 after buying an additional 24,084,154 shares during the period. Norges Bank acquired a new position in Nasdaq in the 4th quarter valued at $424,285,000. State Street Corp grew its holdings in shares of Nasdaq by 11.2% during 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 purchasing an additional 1,811,616 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Nasdaq in the fourth quarter worth $110,867,000. Finally, Raymond James Financial Inc. acquired a new position in Nasdaq in the fourth quarter valued at about $105,481,000. 72.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on NDAQ shares. Barclays dropped their target price on shares of Nasdaq from $95.00 to $87.00 and set an "overweight" rating for the company in a research report on Monday. Raymond James upped their target price on Nasdaq from $83.00 to $84.00 and gave the stock an "outperform" rating in a research note on Thursday, January 9th. Citigroup decreased their price target on Nasdaq from $84.00 to $75.00 and set a "neutral" rating on the stock in a research note on Tuesday. Morgan Stanley downgraded Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price objective for the company. in a research report on Tuesday. Finally, Keefe, Bruyette & Woods lifted their target price on Nasdaq from $86.00 to $91.00 and gave the company an "outperform" rating in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Nasdaq has a consensus rating of "Moderate Buy" and a consensus target price of $85.88.

Nasdaq Trading Up 8.4 %

Shares of NASDAQ:NDAQ traded up $5.59 during mid-day trading on Wednesday, reaching $71.99. 8,491,061 shares of the company's stock were exchanged, compared to its average volume of 2,828,440. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. Nasdaq, Inc. has a twelve month low of $58.10 and a twelve month high of $84.15. The firm has a market capitalization of $41.40 billion, a price-to-earnings ratio of 37.49, a PEG ratio of 2.12 and a beta of 1.02. The business's fifty day moving average price is $77.24 and its 200-day moving average price is $77.45.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. On average, research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Friday, March 14th. Nasdaq's dividend payout ratio is presently 50.00%.

Insiders Place Their Bets

In related news, EVP Sarah Youngwood sold 14,959 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was 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 $4,398,253.92. This trade represents a 20.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Bryan Everard Smith sold 657 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 61,980 shares in the company, valued at approximately $4,450,783.80. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,116 shares of company stock worth $1,434,818. 0.70% of the stock is currently owned by insiders.

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.