Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Jump Financial LLC

Jump Financial LLC lessened its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 52.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,779 shares of the financial services provider's stock after selling 81,862 shares during the quarter. Jump Financial LLC's holdings in Nasdaq were worth $5,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Nasdaq Stock Up 2.0 %

NDAQ traded up $1.41 during trading hours on Tuesday, hitting $72.07. 294,624 shares of the company's stock were exchanged, compared to its average volume of 2,816,418. 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 12-month low of $58.10 and a 12-month high of $84.15. The firm has a market cap of $41.45 billion, a P/E ratio of 37.54, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02. The firm has a 50 day moving average of $75.64 and a 200 day moving average of $77.43.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS 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%. Analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Friday, March 14th. Nasdaq's payout ratio is currently 50.00%.

Insider Activity

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the business'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 sale, the executive vice president now directly owns 59,694 shares in the company, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bryan Everard Smith sold 657 shares of the company's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the transaction, the executive vice president now owns 61,980 shares in the company, valued at $4,450,783.80. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,116 shares of company stock valued at $1,434,818 in the last ninety days. 0.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NDAQ shares. JPMorgan Chase & Co. lifted their target price on Nasdaq from $88.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Bank of America increased their price objective on shares of Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Oppenheimer dropped their price target on Nasdaq from $89.00 to $85.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. StockNews.com raised Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday. Finally, Citigroup cut their target price on Nasdaq from $84.00 to $75.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $85.88.

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.