Renaissance Technologies LLC Purchases 76,200 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Renaissance Technologies LLC raised its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 680,000 shares of the financial services provider's stock after acquiring an additional 76,200 shares during the quarter. Renaissance Technologies LLC owned approximately 0.12% of Nasdaq worth $52,571,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Nasdaq by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 52,576,413 shares of the financial services provider's stock valued at $4,064,682,000 after purchasing an additional 376,893 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Nasdaq by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 11,018,705 shares of the financial services provider's stock valued at $849,783,000 after buying an additional 257,465 shares during the period. Franklin Resources Inc. boosted its position in shares of Nasdaq by 13.4% during the 4th quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider's stock worth $802,401,000 after purchasing an additional 1,225,672 shares in the last quarter. Norges Bank acquired a new position in Nasdaq during the fourth quarter worth about $424,285,000. Finally, Invesco Ltd. increased its stake in Nasdaq by 40.3% in the 4th quarter. Invesco Ltd. now owns 3,902,214 shares of the financial services provider's stock valued at $301,680,000 after purchasing an additional 1,120,538 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company's stock.

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Insider Activity

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the transaction, the executive vice president now owns 55,576 shares in the company, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction dated 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 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,116 shares of company stock valued at $1,434,818. 0.70% of the stock is currently owned by insiders.

Nasdaq Stock Up 1.1 %

NDAQ stock traded up $0.77 during mid-day trading on Tuesday, hitting $73.55. 474,979 shares of the company were exchanged, compared to its average volume of 2,827,258. 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 company has a market capitalization of $42.30 billion, a PE ratio of 38.31, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02. Nasdaq, Inc. has a twelve month low of $58.10 and a twelve month high of $84.15. The firm has a fifty day simple moving average of $76.60 and a 200 day simple moving average of $77.46.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating 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, research analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.24 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.31%. Nasdaq's payout ratio is currently 50.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on NDAQ shares. Morgan Stanley cut Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price target for the company. in a research report on Tuesday, April 8th. Oppenheimer cut their target price on shares of Nasdaq from $89.00 to $85.00 and set an "outperform" rating for the company in a research report on Friday. Citigroup lowered their price target on shares of Nasdaq from $84.00 to $75.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Raymond James lifted their price objective on Nasdaq from $83.00 to $84.00 and gave the stock an "outperform" rating in a research report on Thursday, January 9th. Finally, JPMorgan Chase & Co. increased their target price on Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. One 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 data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $85.56.

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.