Capitolis Liquid Global Markets LLC Invests $8.43 Million in Nasdaq, Inc. (NASDAQ:NDAQ)

Capitolis Liquid Global Markets LLC acquired a new position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 109,000 shares of the financial services provider's stock, valued at approximately $8,427,000.

Other large investors have also added to or reduced their stakes in the company. Rakuten Securities Inc. bought a new position in Nasdaq during the fourth quarter worth $26,000. Founders Capital Management bought a new position in shares of Nasdaq during the 4th quarter worth about $27,000. Kestra Investment Management LLC bought a new stake in Nasdaq in the 4th quarter valued at about $33,000. Raleigh Capital Management Inc. raised its stake in Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider's stock worth $34,000 after buying an additional 225 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new stake in Nasdaq in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 72.47% of the company's stock.

Nasdaq Trading Up 0.0 %

Shares of NDAQ opened at $78.19 on Tuesday. The firm has a fifty day simple moving average of $74.55 and a two-hundred day simple moving average of $77.63. Nasdaq, Inc. has a twelve month low of $58.28 and a twelve month high of $84.15. The stock has a market capitalization of $44.89 billion, a P/E ratio of 40.72, a PEG ratio of 2.12 and a beta of 1.00. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81.

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

Nasdaq Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Friday, June 13th. This is a boost from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio (DPR) is presently 49.09%.

Analysts Set New Price Targets

A number of research analysts have weighed in on NDAQ shares. UBS Group reaffirmed a "cautious" rating on shares of Nasdaq in a research note on Monday, April 28th. Morgan Stanley cut shares of Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 target price on the stock. in a research note on Tuesday, April 8th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $95.00 price target on shares of Nasdaq in a report on Thursday, April 10th. Piper Sandler upped their price target on Nasdaq from $80.00 to $83.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Finally, Raymond James boosted their price objective on Nasdaq from $83.00 to $84.00 and gave the company an "outperform" rating in a research note on Thursday, January 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $85.18.

Insider Transactions at Nasdaq

In related news, EVP Sarah Youngwood sold 14,959 shares of Nasdaq 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 completion of the sale, the executive vice president now directly owns 59,694 shares in the company, valued at approximately $4,398,253.92. This trade represents a 20.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bryan Everard Smith sold 657 shares of the business's stock in a transaction on 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 approximately $4,450,783.80. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.70% of the company's stock.

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.

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