Aquatic Capital Management LLC Trims Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Aquatic Capital Management LLC trimmed its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 28.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,802 shares of the financial services provider's stock after selling 25,698 shares during the period. Aquatic Capital Management LLC's holdings in Nasdaq were worth $5,087,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in NDAQ. Norges Bank bought a new stake in shares of Nasdaq during the 4th quarter valued at about $424,285,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Nasdaq during the 4th quarter valued at $110,867,000. Raymond James Financial Inc. purchased a new stake in Nasdaq during the fourth quarter valued at about $105,481,000. Franklin Resources Inc. lifted its stake in Nasdaq by 13.4% during the fourth quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider's stock worth $802,401,000 after purchasing an additional 1,225,672 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Nasdaq by 40.3% in the 4th quarter. Invesco Ltd. now owns 3,902,214 shares of the financial services provider's stock worth $301,680,000 after purchasing an additional 1,120,538 shares in the last quarter. Institutional investors own 72.47% of the company's stock.

Insider Buying and Selling

In other news, EVP Bryan Everard Smith sold 657 shares of the firm's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $71.81, for a total transaction of $47,179.17. Following the sale, the executive vice president now owns 61,980 shares of the company's stock, valued at $4,450,783.80. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction that occurred on 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 sale, 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 sold a total of 19,116 shares of company stock worth $1,434,818 in the last three months. Insiders own 0.70% of the company's stock.

Nasdaq Stock Up 2.4 %

Shares of NASDAQ NDAQ traded up $1.80 on Friday, reaching $77.94. 875,361 shares of the company's stock traded hands, compared to its average volume of 2,792,099. 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 company has a market cap of $44.74 billion, a price-to-earnings ratio of 40.61, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00. The business's 50 day simple moving average is $74.62 and its two-hundred day simple moving average is $77.52. Nasdaq, Inc. has a 12 month low of $58.28 and a 12 month high of $84.15.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. The company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.22 billion. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Nasdaq's revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 EPS. As a group, equities research analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, June 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.39%. This is an increase from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio (DPR) is 49.09%.

Wall Street Analyst Weigh In

NDAQ has been the subject of several research reports. StockNews.com raised Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Barclays reduced their target price on shares of Nasdaq from $86.00 to $84.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. UBS Group restated a "cautious" rating on shares of Nasdaq in a report on Monday. Piper Sandler lifted their price target on Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Finally, Citigroup dropped their price objective on Nasdaq from $84.00 to $75.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $85.18.

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.