GTS Securities LLC Has $504,000 Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

GTS Securities LLC lessened its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 64.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,517 shares of the financial services provider's stock after selling 11,822 shares during the quarter. GTS Securities LLC's holdings in Nasdaq were worth $504,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. NINE MASTS CAPITAL Ltd bought a new position in shares of Nasdaq in the 4th quarter worth about $274,000. Pacer Advisors Inc. raised its stake in Nasdaq by 75.7% during the fourth quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider's stock worth $4,170,000 after acquiring an additional 23,244 shares during the period. Teacher Retirement System of Texas lifted its holdings in Nasdaq by 892.3% in the fourth quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider's stock worth $4,689,000 after acquiring an additional 54,535 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Nasdaq by 26.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider's stock valued at $3,454,000 after acquiring an additional 9,130 shares during the period. Finally, Farallon Capital Management LLC boosted its stake in Nasdaq by 6.3% in the fourth quarter. Farallon Capital Management LLC now owns 3,998,019 shares of the financial services provider's stock valued at $309,087,000 after acquiring an additional 235,748 shares during the period. Institutional investors and hedge funds own 72.47% of the company's stock.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of several recent research reports. Royal Bank of Canada reissued an "outperform" rating and issued a $95.00 price target on shares of Nasdaq in a report on Thursday, April 10th. Wall Street Zen upgraded Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. UBS Group reissued a "cautious" rating on shares of Nasdaq in a report on Monday, April 28th. Redburn Atlantic upgraded shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price target for the company in a research report on Thursday, April 17th. Finally, Morgan Stanley downgraded shares of Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price objective on the stock. in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $86.50.

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 transaction, the executive vice president now 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was 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 owns 61,980 shares of the company's stock, valued at approximately $4,450,783.80. The trade was a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Nasdaq Price Performance

NASDAQ:NDAQ traded down $0.51 during mid-day trading on Wednesday, reaching $82.55. 2,035,298 shares of the stock were exchanged, compared to its average volume of 2,939,787. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The business has a fifty day moving average price of $76.15 and a 200 day moving average price of $78.23. Nasdaq, Inc. has a 1-year low of $58.28 and a 1-year high of $84.15. The firm has a market capitalization of $47.39 billion, a PE ratio of 43.00, a PEG ratio of 2.12 and a beta of 1.00.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $1.22 billion. During the same period in the previous year, the firm earned $0.63 EPS. The business's revenue for the quarter was up 10.7% on a year-over-year basis. Research analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, June 13th. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 1.31%. Nasdaq's dividend payout ratio (DPR) is currently 49.09%.

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.