Centiva Capital LP Purchases New Shares in Nasdaq, Inc. (NASDAQ:NDAQ)

Centiva Capital LP purchased a new position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,644 shares of the financial services provider's stock, valued at approximately $436,000.

Other institutional investors have also modified their holdings of the company. Olstein Capital Management L.P. grew its stake in shares of Nasdaq by 35.6% in the fourth quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider's stock worth $6,185,000 after acquiring an additional 21,000 shares in the last quarter. NINE MASTS CAPITAL Ltd purchased a new stake in shares of Nasdaq during the 4th quarter worth $274,000. Pacer Advisors Inc. lifted its position in shares of Nasdaq by 75.7% during the 4th quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider's stock worth $4,170,000 after purchasing an additional 23,244 shares during the last quarter. Teacher Retirement System of Texas lifted its position in shares of Nasdaq by 892.3% during the 4th quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider's stock worth $4,689,000 after purchasing an additional 54,535 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted 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 worth $3,454,000 after purchasing an additional 9,130 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company's stock.

Nasdaq Price Performance

NASDAQ:NDAQ traded down $0.51 during mid-day trading on Wednesday, reaching $81.06. 11,220,679 shares of the company were exchanged, compared to its average volume of 2,889,813. Nasdaq, Inc. has a 12 month low of $58.28 and a 12 month high of $84.15. 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 fifty day moving average of $74.51 and a 200 day moving average of $77.81. The stock has a market cap of $46.54 billion, a PE ratio of 42.22, a PEG ratio of 2.12 and a beta of 1.00.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. The firm 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%. The business's revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the firm earned $0.63 earnings per share. On average, research analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.33%. This is an increase from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio (DPR) is 49.09%.

Insider Activity at Nasdaq

In related news, EVP Bryan Everard Smith sold 657 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 61,980 shares in the company, valued at $4,450,783.80. This represents a 1.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of the company'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 completion of the transaction, the executive vice president now directly owns 59,694 shares of the company's stock, valued at approximately $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 owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NDAQ. JPMorgan Chase & Co. lifted their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Barclays reduced their price target on shares of Nasdaq from $86.00 to $84.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Oppenheimer reduced their price target on shares of Nasdaq from $89.00 to $85.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Piper Sandler boosted their price target on shares of Nasdaq from $80.00 to $83.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Finally, Morgan Stanley cut shares of Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price target for the company. in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $86.50.

Nasdaq 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.