Picton Mahoney Asset Management Buys 8,750 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Picton Mahoney Asset Management grew its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 176,656 shares of the financial services provider's stock after purchasing an additional 8,750 shares during the quarter. Picton Mahoney Asset Management's holdings in Nasdaq were worth $13,658,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Rakuten Securities Inc. bought a new position in shares of Nasdaq in the fourth quarter valued at approximately $26,000. Founders Capital Management bought a new position in Nasdaq during the fourth quarter worth $27,000. Kestra Investment Management LLC bought a new position in Nasdaq during the fourth quarter worth $33,000. Raleigh Capital Management Inc. increased its position 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 acquiring an additional 225 shares during the period. Finally, Peterson Financial Group Inc. bought a new position in Nasdaq during the third quarter worth $42,000. Institutional investors own 72.47% of the company's stock.

Nasdaq Price Performance

NASDAQ NDAQ traded up $1.28 on Wednesday, hitting $76.58. 2,248,743 shares of the company were exchanged, compared to its average volume of 2,768,518. The firm has a 50 day moving average of $79.23 and a two-hundred day moving average of $77.38. The company has a market cap of $44.04 billion, a P/E ratio of 39.89, a P/E/G ratio of 2.12 and a beta of 0.96. 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 1-year low of $58.10 and a 1-year high of $84.15.

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

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.25%. Nasdaq's dividend payout ratio is currently 50.00%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Citigroup boosted their target price on shares of Nasdaq from $78.00 to $84.00 and gave the stock a "neutral" rating in a research report on Friday, January 10th. Barclays dropped their target price on shares of Nasdaq from $96.00 to $95.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. UBS Group lifted their price target on shares of Nasdaq from $79.00 to $89.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Oppenheimer lifted their price target on shares of Nasdaq from $86.00 to $89.00 and gave the stock an "outperform" rating in a research note on Monday, January 13th. Finally, StockNews.com upgraded shares of Nasdaq from a "sell" rating to a "hold" rating in a research note on Saturday, December 14th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $86.88.

Insiders Place Their Bets

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the business's stock in a transaction dated 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 directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Bryan Everard Smith sold 3,500 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the sale, the executive vice president now directly owns 55,576 shares of the company's stock, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.70% of the company's stock.

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.