GAMMA Investing LLC Purchases 1,114,205 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

GAMMA Investing LLC raised its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 7,367.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,129,328 shares of the financial services provider's stock after acquiring an additional 1,114,205 shares during the period. GAMMA Investing LLC owned about 0.20% of Nasdaq worth $85,671,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NDAQ. Keefe, Bruyette & Woods lifted their target price on Nasdaq from $87.00 to $88.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Barclays lowered their price target on Nasdaq from $86.00 to $84.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Oppenheimer cut their price objective on Nasdaq from $89.00 to $85.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Bank of America raised their target price on shares of Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Finally, UBS Group reaffirmed a "cautious" rating on shares of Nasdaq in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $86.50.

Nasdaq Price Performance

Shares of NDAQ stock traded up $0.35 during trading on Wednesday, hitting $84.16. The company had a trading volume of 1,158,329 shares, compared to its average volume of 3,265,462. The stock's 50-day moving average price is $76.66 and its 200 day moving average price is $78.35. Nasdaq, Inc. has a one year low of $58.28 and a one year high of $84.45. 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 firm has a market capitalization of $48.32 billion, a P/E ratio of 43.83, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 14.82% and a net margin of 15.10%. The business's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.63 earnings per share. Equities analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, June 13th. This is an increase from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 1.28%. Nasdaq's payout ratio is presently 49.09%.

Insider Buying and Selling at Nasdaq

In other 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 transaction, the executive vice president now directly owns 59,694 shares of the company's stock, valued at approximately $4,398,253.92. This trade represents a 20.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Pc Nelson Griggs sold 8,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total value of $664,240.00. Following the transaction, the insider now owns 211,405 shares in the company, valued at $17,552,957.15. The trade was a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,616 shares of company stock worth $1,813,598. Insiders own 0.70% of the company's stock.

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.