Versor Investments LP bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,406 shares of the financial services provider's stock, valued at approximately $418,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Otter Creek Advisors LLC acquired a new stake in Nasdaq during the fourth quarter worth about $5,447,000. Proficio Capital Partners LLC acquired a new stake in Nasdaq during the fourth quarter worth about $8,791,000. Oppenheimer & Co. Inc. grew its position in Nasdaq by 79.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 15,295 shares of the financial services provider's stock worth $1,182,000 after buying an additional 6,750 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its position in Nasdaq by 1.7% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 135,000 shares of the financial services provider's stock worth $10,437,000 after buying an additional 2,300 shares in the last quarter. Finally, New York Life Investment Management LLC grew its position in Nasdaq by 1.8% during the fourth quarter. New York Life Investment Management LLC now owns 61,344 shares of the financial services provider's stock worth $4,743,000 after buying an additional 1,068 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have commented on NDAQ. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a "hold" rating to a "buy" rating and raised their price target for the stock from $80.00 to $98.00 in a research note on Wednesday, January 8th. StockNews.com upgraded shares of Nasdaq from a "sell" rating to a "hold" rating in a research note on Saturday, December 14th. Barclays cut their price target on shares of Nasdaq from $96.00 to $95.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. William Blair began coverage on shares of Nasdaq in a research note on Monday, November 25th. They set an "outperform" rating for the company. Finally, Raymond James raised their price target 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. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $86.88.
Get Our Latest Stock Report on Nasdaq
Insiders Place Their Bets
In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the sale, 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 is accessible through this hyperlink. Company insiders own 0.70% of the company's stock.
Nasdaq Trading Down 4.0 %
NDAQ stock traded down $3.11 during trading on Thursday, hitting $75.69. The company had a trading volume of 1,449,296 shares, compared to its average volume of 2,718,104. The firm has a 50-day moving average price of $79.92 and a 200-day moving average price of $77.13. Nasdaq, Inc. has a 12 month low of $57.96 and a 12 month high of $84.15. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The stock has a market cap of $43.53 billion, a price-to-earnings ratio of 39.42, a PEG ratio of 2.12 and a beta of 0.99.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings data 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 return on equity of 14.82% and a net margin of 15.10%. As a group, analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.
Nasdaq Announces Dividend
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. This represents a $0.96 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq's dividend payout ratio is 50.00%.
About Nasdaq
(
Free Report)
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.
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