Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lifted its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 74.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 33,834 shares of the financial services provider's stock after purchasing an additional 14,437 shares during the period. Tower Research Capital LLC TRC's holdings in Nasdaq were worth $2,616,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Rakuten Securities Inc. purchased a new position in shares of Nasdaq in the 4th quarter valued at approximately $26,000. Founders Capital Management purchased a new position in Nasdaq during the fourth quarter valued at $27,000. Kestra Investment Management LLC bought a new stake in shares of Nasdaq during the 4th quarter valued at $33,000. Raleigh Capital Management Inc. increased its stake in shares of Nasdaq by 106.6% in the 4th 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 in the last quarter. Finally, TCTC Holdings LLC purchased a new position in Nasdaq during the 4th quarter valued at about $41,000. 72.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of several recent analyst reports. Royal Bank of Canada reissued an "outperform" rating and issued a $95.00 target price on shares of Nasdaq in a report on Thursday, April 10th. Barclays decreased their target price on Nasdaq from $86.00 to $84.00 and set an "overweight" rating for the company in a research report on Friday. Keefe, Bruyette & Woods raised their price target on shares of Nasdaq from $87.00 to $88.00 and gave the company an "outperform" rating in a report on Friday. JPMorgan Chase & Co. boosted their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Finally, Piper Sandler raised their target price on shares of Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $85.18.

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 3,500 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the sale, the executive vice president now owns 55,576 shares of the company's stock, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the executive vice president now owns 59,694 shares of the company's stock, valued at $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. Insiders have sold a total of 19,116 shares of company stock valued at $1,434,818 over the last quarter. 0.70% of the stock is owned by corporate insiders.

Nasdaq Price Performance

NDAQ stock traded up $0.62 during trading on Friday, hitting $75.36. 2,810,470 shares of the company's stock traded hands, compared to its average volume of 2,809,197. 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 52 week low of $58.28 and a 52 week high of $84.15. The business has a fifty day simple moving average of $75.07 and a 200 day simple moving average of $77.49. The stock has a market capitalization of $43.27 billion, a price-to-earnings ratio of 39.25, a P/E/G ratio of 2.12 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. As a group, research analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.43%. This is a boost from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, June 13th. Nasdaq's payout ratio is 49.09%.

About Nasdaq

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.