Peak6 LLC Purchases Shares of 41,068 Nasdaq, Inc. (NASDAQ:NDAQ)

PEAK6 LLC acquired a new position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 41,068 shares of the financial services provider's stock, valued at approximately $3,175,000.

Other institutional investors have also added to or reduced their stakes in the company. Rakuten Securities Inc. purchased a new stake in shares of Nasdaq during the fourth quarter valued at $26,000. Founders Capital Management purchased a new stake in Nasdaq in the 4th quarter valued at about $27,000. Kestra Investment Management LLC bought a new position in Nasdaq in the 4th quarter worth about $33,000. Raleigh Capital Management Inc. increased its position in shares of 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 acquiring an additional 225 shares during the period. Finally, TCTC Holdings LLC bought a new stake in shares of Nasdaq during the fourth quarter valued at approximately $41,000. Institutional investors own 72.47% of the company's stock.

Insider Buying and Selling

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the company'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 completion of the transaction, the executive vice president now owns 59,694 shares in the company, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the transaction, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. This represents a 5.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,116 shares of company stock worth $1,434,818. 0.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Redburn Atlantic raised shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price objective for the company in a research note on Thursday, April 17th. StockNews.com upgraded shares of Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Raymond James boosted their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the stock an "outperform" rating in a research note on Thursday, January 9th. Deutsche Bank Aktiengesellschaft raised Nasdaq from a "hold" rating to a "buy" rating and increased their target price for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. Finally, Piper Sandler boosted their price target on Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $85.88.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ traded up $0.41 during midday trading on Thursday, reaching $73.91. The company had a trading volume of 1,683,999 shares, compared to its average volume of 2,828,105. Nasdaq, Inc. has a 1 year low of $58.10 and a 1 year high of $84.15. The business's 50-day simple moving average is $75.31 and its 200 day simple moving average is $77.37. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The stock has a market cap of $42.51 billion, a P/E ratio of 38.42, a P/E/G ratio of 2.12 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.05. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. On average, analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.46%. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio is currently 50.00%.

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.