19,314 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Bought by AXQ Capital LP

AXQ Capital LP acquired a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 19,314 shares of the financial services provider’s stock, valued at approximately $1,493,000. Nasdaq makes up about 0.7% of AXQ Capital LP’s portfolio, making the stock its 19th largest holding.

Several other large investors have also added to or reduced their stakes in the business. Olstein Capital Management L.P. grew its position in Nasdaq by 35.6% in the 4th quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider’s stock worth $6,185,000 after purchasing an additional 21,000 shares in the last quarter. NINE MASTS CAPITAL Ltd bought a new position in Nasdaq in the 4th quarter worth about $274,000. Pacer Advisors Inc. raised its stake in Nasdaq by 75.7% in the fourth quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock valued at $4,170,000 after purchasing an additional 23,244 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Nasdaq by 26.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider’s stock valued at $3,454,000 after buying an additional 9,130 shares in the last quarter. Finally, USA Financial Formulas purchased a new stake in Nasdaq during the fourth quarter valued at about $856,000. Institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Down 1.8 %

Shares of NDAQ stock opened at $75.55 on Friday. The stock has a market cap of $43.45 billion, a P/E ratio of 39.35, a P/E/G ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a twelve month low of $58.10 and a twelve month high of $84.15. The stock has a 50 day moving average of $79.17 and a 200 day moving average of $77.40. 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 (NASDAQ:NDAQ) last released its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, sell-side analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The business 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 of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.27%. Nasdaq’s payout ratio is currently 50.00%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the sale, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 value of $1,102,179.12. Following the sale, the executive vice president now owns 59,694 shares of the company’s stock, valued at $4,398,253.92. The trade was a 20.04 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NDAQ has been the topic of several analyst reports. Citigroup lifted their target price on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. UBS Group lifted their price target on shares of Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 target price on shares of Nasdaq in a report on Thursday, January 30th. JPMorgan Chase & Co. raised their price objective on Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods increased their price target on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $86.88.

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.