12,554 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Bought by 111 Capital

111 Capital bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 12,554 shares of the financial services provider's stock, valued at approximately $971,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in NDAQ. Rakuten Securities Inc. bought a new stake in Nasdaq in the 4th quarter worth about $26,000. Kestra Investment Management LLC bought a new position in shares of Nasdaq during the 4th quarter valued at approximately $33,000. Kapitalo Investimentos Ltda bought a new position in shares of Nasdaq during the 4th quarter valued at approximately $37,000. TCTC Holdings LLC bought a new position in shares of Nasdaq during the 4th quarter valued at approximately $41,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Nasdaq during the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 72.47% of the company's stock.

Nasdaq Price Performance

NASDAQ NDAQ traded down $0.08 on Friday, hitting $83.30. The stock had a trading volume of 4,803,931 shares, compared to its average volume of 2,954,528. Nasdaq, Inc. has a 52-week low of $58.28 and a 52-week high of $84.15. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The company has a market capitalization of $47.82 billion, a price-to-earnings ratio of 43.39, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00. The firm has a 50-day moving average of $76.27 and a 200-day moving average of $78.26.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The business had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same period in the prior year, the company posted $0.63 EPS. The business's revenue for the quarter was up 10.7% compared to the same quarter last year. Equities analysts expect 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. Shareholders of record on Friday, June 13th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 1.30%. Nasdaq's dividend payout ratio is currently 49.09%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NDAQ shares. Keefe, Bruyette & Woods increased their target price on shares of Nasdaq from $87.00 to $88.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Bank of America increased their target price on shares of Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Citigroup reduced their target price on shares of Nasdaq from $84.00 to $75.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. increased their target price on shares of Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Finally, Oppenheimer reduced their target price 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $86.50.

Insiders Place Their Bets

In other news, insider Pc Nelson Griggs sold 8,000 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total transaction of $664,240.00. Following the sale, the insider now owns 211,405 shares in the company, valued at approximately $17,552,957.15. This trade represents a 3.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Sarah Youngwood sold 14,959 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the sale, the executive vice president now 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 disclosure for this sale can be found here. Insiders have sold 23,616 shares of company stock worth $1,813,598 in the last three months. 0.70% of the stock is currently owned by corporate insiders.

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.