6,138 Shares in Nasdaq, Inc. $NDAQ Purchased by Stevens Capital Management LP

Stevens Capital Management LP purchased a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,138 shares of the financial services provider’s stock, valued at approximately $543,000.

A number of other hedge funds also recently made changes to their positions in the business. Empowered Funds LLC increased its holdings in shares of Nasdaq by 3.8% during the 1st quarter. Empowered Funds LLC now owns 14,574 shares of the financial services provider’s stock worth $1,106,000 after acquiring an additional 538 shares during the last quarter. Woodline Partners LP boosted its position in Nasdaq by 40.7% during the first quarter. Woodline Partners LP now owns 34,962 shares of the financial services provider’s stock worth $2,652,000 after purchasing an additional 10,110 shares during the period. Focus Partners Wealth raised its position in shares of Nasdaq by 22.0% in the first quarter. Focus Partners Wealth now owns 14,351 shares of the financial services provider’s stock valued at $1,089,000 after purchasing an additional 2,584 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Nasdaq by 345.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock worth $45,000 after buying an additional 463 shares during the last quarter. Finally, Forum Financial Management LP boosted its holdings in shares of Nasdaq by 13.3% during the 2nd quarter. Forum Financial Management LP now owns 6,589 shares of the financial services provider’s stock worth $589,000 after buying an additional 775 shares during the period. 72.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on NDAQ shares. UBS Group reissued a “buy” rating and issued a $120.00 price target (up from $115.00) on shares of Nasdaq in a report on Monday, January 12th. Royal Bank Of Canada reissued an “outperform” rating and set a $108.00 price target on shares of Nasdaq in a report on Friday, January 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Nasdaq in a report on Friday, January 9th. Argus raised Nasdaq to a “strong-buy” rating in a report on Wednesday, February 11th. Finally, Morgan Stanley set a $116.00 target price on shares of Nasdaq and gave the company an “overweight” rating in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Nasdaq currently has an average rating of “Moderate Buy” and an average price target of $103.13.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $81.87 on Friday. The business has a fifty day moving average price of $93.76 and a two-hundred day moving average price of $91.66. The stock has a market capitalization of $46.54 billion, a PE ratio of 26.50, a P/E/G ratio of 1.34 and a beta of 1.02. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01. Nasdaq, Inc. has a fifty-two week low of $64.84 and a fifty-two week high of $101.79.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Nasdaq had a return on equity of 16.90% and a net margin of 21.77%.Nasdaq’s revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the business earned $0.76 earnings per share. As a group, equities analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be given a $0.27 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.08 annualized dividend and a dividend yield of 1.3%. Nasdaq’s payout ratio is presently 34.95%.

Insider Buying and Selling

In related news, CEO Adena T. Friedman sold 300,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $96.91, for a total transaction of $29,073,000.00. Following the sale, the chief executive officer owned 1,924,903 shares in the company, valued at approximately $186,542,349.73. This trade represents a 13.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John Zecca sold 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $100.01, for a total transaction of $450,045.00. Following the transaction, the executive vice president owned 125,674 shares of the company’s stock, valued at approximately $12,568,656.74. This represents a 3.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 604,500 shares of company stock valued at $58,440,045. 0.70% of the stock is currently owned by insiders.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.