12,470 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Acquired by Cinctive Capital Management LP

Cinctive Capital Management LP acquired a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 12,470 shares of the financial services provider’s stock, valued at approximately $964,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Groupama Asset Managment raised its stake in shares of Nasdaq by 68.8% in the fourth quarter. Groupama Asset Managment now owns 94,593 shares of the financial services provider’s stock valued at $7,321,000 after acquiring an additional 38,553 shares in the last quarter. Headlands Technologies LLC lifted its stake in Nasdaq by 808.6% during the fourth quarter. Headlands Technologies LLC now owns 47,865 shares of the financial services provider’s stock worth $3,700,000 after purchasing an additional 42,597 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Nasdaq by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 11,018,705 shares of the financial services provider’s stock valued at $849,783,000 after purchasing an additional 257,465 shares in the last quarter. HighPoint Advisor Group LLC acquired a new position in shares of Nasdaq in the 4th quarter valued at $293,000. Finally, Franklin Resources Inc. grew its position in shares of Nasdaq by 13.4% in the 4th quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider’s stock valued at $802,401,000 after buying an additional 1,225,672 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In other news, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bryan Everard Smith sold 3,500 shares of the 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 directly owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NDAQ shares. Bank of America increased their price objective on Nasdaq from $103.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays reduced their price objective 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. Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and lifted their price target for the stock from $80.00 to $98.00 in a research note on Wednesday, January 8th. Oppenheimer increased their target price on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Finally, UBS Group upped their price objective on Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Nasdaq presently has an average rating of “Moderate Buy” and an average target price of $87.94.

Nasdaq Stock Down 5.8 %

Shares of Nasdaq stock opened at $73.79 on Friday. The firm has a market cap of $42.44 billion, a price-to-earnings ratio of 38.43, a P/E/G ratio of 2.12 and a beta of 0.96. The stock has a 50-day simple moving average of $78.79 and a 200-day simple moving average of $77.65. Nasdaq, Inc. has a 52-week low of $58.10 and a 52-week high of $84.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last posted 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 return on equity of 14.82% and a net margin of 15.10%. On average, equities research analysts expect 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 given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.30%. Nasdaq’s payout ratio is currently 50.00%.

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.